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 million) - 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 2008 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." --ENDS-- 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 www.climateexchange.com and follow instructions at 'Events & Presentations' or direct by going to: http://www.investorcalendar.com/IC/CEPage.asp?ID=156116 To dial into the conference call please use one of the following numbers 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 Contacts 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. www.climateexchange.com 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. www.ecx.eu 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. www.chicagoclimateexchange.com www.ccfe.com Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/4782I_1-2010-3-11.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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