DUBAI, 29 September 2006 — Dubai Gold & Commodities Exchange (DGCX) has announced successful settlement of the first currency contracts maturing on Sept. 18. In the first settlement of the currency futures contracts, 1.5 million euros and 3.05 million pounds, totally valued at $7.6 million were delivered using the electronic interface between the Exchange and the Clearing Banks. Mashreq Securities, Trust Securities and FIMAT International Banque SA participated in the delivery of the currencies. Framroze Pochara, chief executive officer, said, “We are extremely delighted that in the first ever currency settlement, we have witnessed strong participation from both retail investors as well as banks. The large quantity of euros and sterling pounds delivered proves that the market participants are extremely comfortable with the efficient electronic process put in place by the exchange and are using it for hedging the currency risk prevalent in their businesses or using the futures platform to take a view on the currency markets.”