Tradition Announces Successful Dutch Weather Auction for Oslo, Norway

November 24, 2010

New York, NY, November 24, 2010 – Tradition, a leading interdealer
broker and a subsidiary of Compagnie Financière Tradition, today announced its U.S. weather derivatives division completed a Dutch auction on behalf of a client looking to hedge their warm weather risk for Oslo Blindern (OSL).

Offers for heating degree days (HDD) put options and bids for HDD futures were solicited for OSL for the period of January – February 2011. Formal proposals were submitted to Tradition (formerly TFS Energy) and executed on Friday, November 19, 2010. The prices were traded on the Chicago Mercantile Exchange (CME). The auction cleared 1,400 futures and 1,400 puts equaling 10,780,000 EUR of warm weather protection.

“Tradition is proud to have successfully brokered yet another Dutch weather auction. We were able to support our clients so they could effectively hedge their exposure to warm weather risk indicating that capacity is still within the European weather market,” said Eric Anderson, Vice President of Global Weather Derivatives at Tradition.

Tradition has led numerous auctions ranging in size from USD 1 million to upwards of USD 100 million of transferred risk. Tradition is a pioneer in the Dutch auction space and has been responsible for brokering weather risk transfers in the U.S., Europe and Asia. Tradition’s weather derivatives desks operate in Stamford, Conn., London and Sydney.

Notes to Editors on Dutch Auction:
For the Oslo, Norway, auction, offers were accepted in a minimum bid size of 50 lots and cleared on the CME. The levels were posted on the CME for individual settlement. OSL was settled in Euros.

Inquiries
Eric Anderson, Vice President of Global Weather Derivatives
+1.203.967.0427

Jennifer Van Hofwegen, Head of Marketing and Communications
+1.212.791.6491

About Tradition Energy

Tradition Energy is one of the world’s largest energy procurement advisors to commercial, industrial and governmental organizations, including Fortune 500 global companies. Tradition Energy is the commercial arm of Tradition’s award-winning institutional energy brokerage division, which has eight offices worldwide, with over 300 energy specialists and has been in the energy business since 1986. Represented in 27 countries, Tradition employs over 2,500 people globally. Tradition is the interdealer broking arm of Compagnie Financière Tradition (CFT) and is listed on the Swiss stock exchange. For more information, please visit www.traditionenergy.com or

Tradition Energy
3050 Post Oak Blvd., Ste. 530, Houston, TX 77056
Tel: 1-877-517-6937 Fax: 713-979-2549
www.TraditionEnergy.com