SOURCE: Climate Exchange PLC

March 12, 2010 02:00 ET

Climate Exchange PLC Announces Preliminary Results

ISLE OF MAN, UK--(Marketwire - March 12, 2010) -

Press release
12 March 2010

Climate Exchange plc

Preliminary results for the year ended 31 December 2009

Climate Exchange plc (the "Group" or the "Company"), the world's
leading exchange for trading emissions and environmental products,
announces its preliminary results for the year ended 31 December 2009.

Financial Highlights for the year ended 31 December 2009

- Pro-forma pre-tax profit of GBP6.8 million (2008: GBP2.8 million)
  up 2.4 x
- Revenues from core businesses up 48% to GBP33.6 million (2008:
  GBP22.7 million)
- Core business operating profit of GBP11.5 million (2008: GBP6.3
- Cash balances including short term investments GBP19.2 million
  at 31 December 2009 compared with GBP12.4 million at 31 December 2008
  and no external borrowings
- Audited IFRS profit before tax GBP2.2 million (2008: loss of
  GBP2.5 million)
- First audited IFRS profit after tax GBP0.7 million (2008: loss
  of GBP2.0 million)

Operational Highlights

- European Climate Exchange (ECX) annual volume increased 82% to 5.1
  billion tonnes
- ECX open interest finished the year at 5.4 million tonnes, more
  than 53% above the previous year
- ECX membership increased to 102 members, despite high levels of
  consolidation throughout the markets (2008 : 95)
- Chicago Climate Futures Exchange (CCFE) average daily volume
  increased by 183% to 5,406 contracts in 2009 from 1,907 contracts in

Richard Sandor, Chairman of Climate Exchange plc, said: "Some
political momentum is returning with China and India announcing post
Copenhagen reduction targets in the last few days. Overall these
results are exciting and we have maintained our position as the leading
emissions trading exchange".

Neil Eckert, Chief Executive of Climate Exchange plc, said: "We are
delighted with these results when put in perspective with the economic
and political backdrop. ECX had a wonderful year and with the
continuing EU discussion of an anticipated 30% cut by 2020 and
particularly the move to 100% auctioning in 2011, shows significant
long term growth potential."


There will be a live audio cast today of our Preliminary Results for
the year to 31 December 2009 at 2.00 p.m. GMT/9.00 a.m. EST. Event
title 'Climate Exchange plc Preliminary Results Presentation'

To attend the audio cast, please go to our website at and follow instructions at 'Events &
Presentations' or direct by going to:

To dial into the conference call please use one of the following

UK Access Number     + 44 (0)20 7906 8535

UK Toll Free Number  0808 238 7385

US Access Number     + 1 703 865 2820

US Toll Free Number  1 866 978 9967


Climate Exchange plc
Neil Eckert, CEO                 0207 382 7801
Matthew Whittell, CFO            0207 382 7802
Helene Crook, Investor Relations 0207 382 7807

Haggie Financial
Peter Rigby/Alexandra Parry      0207 417 8989

Fox-Pitt, Kelton Limited
Jonny Franklin-Adams/Simon Law   0207 065 2000

J.P.Morgan Cazenove
Alex Yule-Smith                  0207 588 2828

Notes to Editors:

About Climate Exchange plc

Climate Exchange plc is a holding company whose subsidiaries are
principally engaged in owning, operating and developing exchanges to
facilitate trading in environmental financial instruments including
emissions reduction credits in both voluntary and mandatory markets.
Its three main businesses are the European Climate Exchange (ECX) which
operates the leading derivatives exchange focused on compliance
certificates for the mandatory European Emissions Trading Scheme,
Chicago Climate Exchange (CCX) which operates a voluntary but
contractually binding cap and trade system for greenhouse gas emissions
in the U.S., and the Chicago Climate Futures Exchange (CCFE) the
leading U.S. regulated environmental products exchange whose contracts
include mandatory U.S. emissions such as SO2, NOx and RGGI CO2.

About European Climate Exchange

The European Climate Exchange (ECX) manages product development and
marketing of Carbon Financial Instruments (CFI) futures and options
contracts on CO2 EU allowances (EUAs) traded under the EU Emissions
Trading Scheme (EU ETS) and Certified Emission Reductions (CERs) issued
under the Kyoto Protocol.

ECX CFI contracts are listed and traded on the ICE Futures electronic
platform, offering a central marketplace for emissions trading in
Europe with standard contracts and clearing guarantees. ECX/ ICE
Futures is the most liquid, exchange for carbon emissions trading. More
than 100 businesses have signed up for membership to trade ECX
products. In addition, several thousand ICE clients can access the
market via banks and brokers.

About Chicago Climate Exchange and Chicago Climate Futures Exchange

Chicago Climate Exchange (CCX) is a financial services business whose
objectives are to apply financial innovation and incentives to advance
social, environmental and economic goals. CCX is the world's first and
North America's only contractually binding rules-based greenhouse gas
emissions allowance trading system, as well as the world's only global
system for emissions trading based on all six greenhouse gases. CCX
members are leaders in greenhouse gas management and represent all
sectors of the global economy, as well as public sector innovators.
Independent third party verification is provided by FINRA. For a full
list of CCX members, daily prices and other Exchange information please
see the CCX website.

The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary
of CCX, is a CFTC designated contract market which offers standardized
and cleared futures contracts on emission allowances and other
environmental products. Clearing services are provided by The Clearing
Corporation. Market surveillance services are provided by the National
Futures Association, the industry wide, self-regulatory organization
for the U.S. futures industry.

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