Press Release

July NEWC Index Correction

London August 9th 2007

Following a routine audit of globalCOAL's index calculator, globalCOAL has detected an error in the calculation for the NEWC Index for the month of July 2007. The error caused the July 2007 NEWC Index to outturn at $ 66.92/mt. globalCOAL has now completed the audit and corrected the error. Therefore, the correct settlement for the July 2007 NEWC Index should be $ 66.90/mt. globalCOAL's website and SOG have been updated accordingly.

We apologise for any inconvenience this has caused. If you have any further questions, please contact the London or Singapore office.

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