FINANCIAL: We have an ISDA Master in place, originally through Transammonia, Inc., acting through its division Trammochem. That master has since been expanded to allow trading through additional divisions, Trammo Gas Division and Trammo Gas & Petrochemicals Division. All trades and confirms can be done as follows: Transammonia, Inc. Transammonia, Inc. acting though its division Trammochem Transammonia Inc. acting through its Trammo Gas Division Transammonia Inc., acting through its Trammo Gas & Petrochemicals Division Obviously, Transammonia, Inc., the body corporate, needs to always be on the confirm. PHYSICAL: My reports from the other Legal trading groups are that they have no contracts in place, although it is somewhat unclear on the physical gas side as to whether Global Contracts as to whether we have any physical gas master in place.

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Transammonia, Inc.