CEGH GAS FUTURES MARKET

Central European Gas Hub (CEGH), together with European Commodity Clearing AG (ECC) and Wiener Boerse AG (WBAG), has launched the CEGH Gas Exchange of Vienna Stock Exchange FUTURES Market on December 10th, 2010.

On December 11th, 2009 Central European Gas Hub AG (CEGH), European Commodity Clearing AG (ECC) and Wiener Börse AG (WBAG) launched a Spot Market.

As a next step CEGH together with its partners established the CEGH Gas Exchange of Vienna Stock Exchange Futures Market which is operated by Wiener Börse AG as the exchange operating company under the license granted to it by Official Notice of the Federal Ministry of Finance and the Financial Market Authorities (FMA) in agreement with the Federal Ministry of Economy, Family and Youth for the management and operation of Wiener Börse AG as a general commodity exchange.

The Central European Gas Hub AG acts as face to the customer for the CEGH Gas Exchange of Vienna Stock Exchange and will provide as a hub operator physical settlement services for the exchange members and for the clearing house ECC. ECC as central counterparty provides protection against default risks and safeguards secure and efficient settlement of the transactions of the exchange products.