DME Announces Open Interest Record in Oman Crude Oil Futures

Dubai, March 27, 2013: DME announced today that it has set a record in open interest for its flagship Oman crude oil futures contract.

Open Interest for DME Oman crude oil futures was 23,429 lots yesterday, March 26. This is equivalent to over 23.4 million barrels of crude oil.

Tuesday's open interest was the first to break a new record since 30 September 2010, when it reached 21,797 lots (equivalent to just under 21.8 million barrels of crude oil).

The new record open interest reflects the trend of strong trading growth on the Exchange in recent months. In February, DME reached the 4 billion barrel mark, with a total of 4 million contracts (equivalent to 4 billion barrels) traded on the Exchange. That milestone came just 10 months after the DME passed the 3 billion mark.

Christopher Fix, Chief Executive of the Dubai Mercantile Exchange, said:

"Growing open interest is the best indicator of the health of a futures contract and so we are delighted to set a new record. Trading volumes also continue to grow strongly on the Exchange, so DME has made an excellent start to 2013."

-Ends-

About DME
DME is the premier international energy futures and commodities exchange in the Middle East. It aims to provide oil producers, traders and consumers engaged in the East of Suez markets with transparent pricing of crude oil.

Launched in 2007, DME has rapidly grown into a globally relevant exchange. Its flagship Oman Crude Oil Futures Contract (DME Oman) contract is now firmly established as the most credible crude oil benchmark relevant to the rapidly growing East of Suez market. Reflecting the economics of the Asian region like no other contract, and the largest physically delivered crude oil futures contract in the world, DME Oman is the world's third crude oil benchmark and the sole benchmark for Oman and Dubai exported crude oil.

DME is a fully electronic exchange, accessible from 26 jurisdictions, including London, Singapore and the US. The Exchange is located within the Dubai International Financial Center (DIFC), a financial free zone designed to promote financial services within the UAE. The DME is regulated by the Dubai Financial Services Authority and all trades executed on the DME are cleared through and guaranteed by CME Clearing.

DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group. Global financial institutions and energy trading firms including Goldman Sachs, JPMorgan, Morgan Stanley, Shell, Vitol and Concord Energy also hold equity stakes in the DME. www.dubaimerc.com

Media Contacts
DME
Heather Astbury, Director Corporate Communications
+971 506523754 (mobile)
heather.astbury@dubaimerc.com

TRACCS (PR agency)
Walid Majzoub
+9714 3672530
walid.majzoub@traccs.net
TRACCS 24/7 Media Hotline: +97150 944838