Subject: MEDIA ADVISORY


MEDIA ADVISORY  December 12, 2001  Power Surge on IntercontinentalExchange As New Record Is Set ICE trades 16.7 million megawatt hours on Tuesday  Atlanta, GA (December 12, 2001) IntercontinentalExchange, one of the world'= s most liquid and fastest growing commodity marketplaces, announced today tha= t ICE set a new single day North American power trading record of 16.7 millio= n megawatts on Tuesday, December 11, 2001, breaking the previous record by more than a million megawatt hours.
Moreover, recently launched additions to the ICE power market contributed t= o that record volume including power for delivery into AEP and into Southern =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                         =20 hubs as well as hourly, off-peak, and weekend power markets at several hubs in the West and the East.
The past few weeks, ICE has experienced strong trading activity across the board with a daily record for gas trading set on December 4th and oil, precious metals, weather derivatives and emissions allowances also showing continuous growth.
Digital traffic, i.e.
the number of bids, offers and price changes on the system, is still at a high and the new user requests continue to come in at a rapid rate.
About IntercontinentalExchange  IntercontinentalExchange is one of the world's most liquid and fastest     =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                         =20 growing commodity marketplaces, owned by over 100 of the world&#8217;s lead= ing energy and metals traders, brokers and bankers.
The ICE electronic trading system is installed on over 8,000 desktops worldwide from which traders log on each day of the business week to trade more than 600 listed commodity and derivative contract types.
Broadly, these include crude oil and refined products, natural gas, power, precious metals, weather derivatives and emissions allowances.
Contract forms include physical delivery as well as financially settled swaps, spreads, differentials and options based on a variety of fixed and floating price indices.
Based in Atlanta (and with offices in New York, Houston, Chicago, London an= d Singapore), ICE is taking the technological revolution that occurred in international financial markets and extending it into global commodity     =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                         =20 markets.
IntercontinentalExchange is the owner of the International Petroleum Exchange of London (IPE), Europe&#8217;s leading energy futures and options exchange.
The IPE provides highly regulated open outcry and electronic marketplaces where industry participants use futures and options to manage their price risk exposure in the physical energy market.
Products traded on IPE include Brent Crude futures and Options, Gas Oil futures and Options, Natural Gas futures and Electricity (baseload) futures= .
For more information about IntercontinentalExchangeTM, please visit the website at www.intcx.com.
More information about IPE can be found at www.ipe.uk.com.
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