Ginga Goes Electronic for Coal Trading With Trayport(R)

By Trayport Limited, PRNE
Saturday, August 21, 2010

LONDON, August 23, 2010 - Ginga Petroleum Pte Ltd., a company offering broking services for the
energy markets from Singapore, today announced it has gone live with a
trading screen for its coal brokers using Trayport's GlobalVision Broker
Trading SystemSM. Trayport provides electronic trading systems worldwide that
have been widely adopted by coal brokers in Europe. Ginga therefore made the
decision to enable its brokers and trading customers to benefit from the
success already gained by Trayport's broker platform and so support the
continued development of the international coal market.

Ginga will list coal swaps products (API2*, API4*, gC ICE Newc futures)
electronically and will also list Indonesian sub-bituminous (sub-bit) coal
swaps and a sub-bit physical contract. The physical contract is being
developed in conjunction with market participants and is based on the
specifications of the McCloskey Indonesian Sub-Bituminous FOB Marker Index.
The intention is that this contract will bring even greater transparency to
this market.

"Trayport's GlobalVision Broker System screen went live at Ginga today
and we hope to have an increasing number of users, both in Asia and Europe,
who will be able to view and trade Indonesian sub-bit coal physical and all
swaps contracts on one trading platform," said Zenny Tran, Coal Team Leader
at Ginga. "When we have built increased liquidity in coal using the Trayport
platform we hope to add other products; base oil being high on our initial
list."

"Trayport has provided the electronic trading system used by
JOX, the Japanese Oil Exchange, for the past three years. Ginga was a
founding shareholder in JOX and so had direct experience of working with
Trayport. The widespread reach of Trayport's Trading GatewaySM aggregator
service, with over 160 trading firms relying on it to trade OTC and Exchange
traded coal, and other energy products, further encouraged Ginga to adopt the
hybrid voice/electronic brokerage model Trayport does so well," said Jeremy
Harris
, Trayport's VP for Asia.

"Ginga sees a growing appetite to trade Indonesian sub-bit
coal from producers, traders, end users and investment banks. As the sub-bit
market evolves, hedging becomes even more necessary for market participants.
Trayport's combination of physical and swap capabilities, STP back office,
risk management, clearing links and workflow aids make it an ideal platform
for building market liquidity. We are pleased to have been selected by Ginga
to provide their first electronic execution capability." added Harris.

"Indonesian sub-bit coal is now on its way to become a fully tradable
commodity and Ginga is proud to be part of the industry's concerted effort in
making this to happen. Being the first and the most active broker in this
market, we are committed to continuous improvement in our service and
contribution to market development. An electronic trading screen is certainly
a necessary next step for us to provide more transparency and efficiency for
the industry and for our clients who are located in various different time
zones, from Asia Pacific to Europe and US," said Ginga's Zenny Tran. "Our aim
is to gain market share in commonly traded swaps markets - API2*, API4* and
gC Newc futures. Ginga believes Indonesian coal assets will distinguish us
from other brokers."

* API 2 and API 4 refer to the indices jointly owned by Argus
Media Limited and IHS Global Limited and are published each week in the
"Argus/McCloskey's Coal Price Index Report". All rights reserved. API 2 and
API 4 are trademarks of Argus Media Limited and IHS Global Limited.

Contact: Marcel Kay; marcel.kay@trayport.com; +44-207-960-5500.

Contact: Marcel Kay; marcel.kay at trayport.com; +44-207-960-5500.

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