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ICE Endex announces results of gas storage auction

Feb 11, 2016

Amsterdam & London, February 11, 2016 – Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the results of the ICE Endex gas storage auction held on February 10, 2016, on behalf of GasTerra.

On February 10, 2016, a total of 7,341,324 Standard Bundled Units (SBUs) for the contract period 2016/2017 were offered to the market and after three auction rounds, all SBUs were allocated. The outcome of the auction was an average weighted price of €2.14 per SBU.

On November 20, 2015, a total of 4,549,451 SBUs for the contract year 2016/2017 were offered and after three auction rounds, 1,757,577 SBUs were allocated. The average weighted price was €2.00 per SBU. The remaining SBUs were added to the February 2016 auction, which took place yesterday.

Following the February 10 auction, all of the offered storage capacity has been allocated for the storage year 2016/2017.

On behalf of GasTerra, ICE Endex auctions gas storage services in the Netherlands. The storage services are sold in the form of Standard Bundled Units (SBUs), which allow market participants to input or withdraw natural gas from a virtual storage facility. Almost 2 billion cubic meters of gas storage, in the form of 13.2 million SBUs, is offered via auction annually via one year or five year products. ICE Endex has developed a custom built, single-sided auction mechanism which ensures that SBUs are auctioned in a transparent, independent and market-based manner. Market participants who bid in the auction are anonymous.

Through the regulated exchanges of ICE Endex and ICE Futures Europe, ICE provides transparent and widely accessible European utility markets for trading natural gas, power, coal and emissions. ICE’s European natural gas complex includes flagship derivatives contracts, as well as gas balancing markets and gas storage services for the Dutch Title Transfer Facility (TTF), the UK On-the-Day Commodity Market (OCM) and the Belgian Zeebrugge Trading Point (ZTP).

About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures and equity exchanges and provides world class clearing, data and listing services across many markets.  The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.

SOURCE: Intercontinental Exchange

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