SGX to develop metal futures contracts

SINGAPORE - (July 28, 2010) –Magnus Bocker, the recently appointed SGX chief, continues to hit the news with yet another new initiative, this time on the commodity futures front.

Singapore Exchange (SGX) and the London Metal Exchange (LME) today said
they are jointly developing cash-settled mini monthly metals futures contracts to be traded and
cleared through SGX.

The collaboration will broaden distribution into Asia for the LME, the world’s leading market for
non-ferrous metals. SGX will be the first market in Asia to make available to investors – including
individuals – metals futures priced off global benchmark prices from the LME.

An initial suite of futures contracts will be launched for selected non-ferrous metals and steel
billet, allowing retail investors to trade and manage their risk exposures during this time zone.


Magnus Bocker, CEO of SGX said, “We are delighted that our discussions with the LME have
resulted in a collaboration to offer metals futures contracts to our customers. These contracts will
create increased trading, hedging and arbitraging opportunities at a time of strong interest in
metals trading in Asia. They also further add diversity to our commodities suite and extend our
lead as a major Asian commodity trading centre.”

Martin Abbott, Chief Executive of LME said, “We are happy to announce this exciting
development. We believe this will encourage a new group of market participants in the region
who will, through this collaboration and provision of mini futures contracts jointly with the SGX,
benefit from local access to the LME’s globally accepted benchmark price in non-ferrous metal
and steel.”

The copper and zinc futures contracts are expected to be launched by the first quarter of 2011,
followed by other metals contracts later in the year, subject to regulatory approval

Since Mr Bocker joined the exchange, SGX has been highly active in the last six months with several stategic tie ups around the global markets. SGX shares were trading around five cents higher at $7.71 apiece around 11.20 am.