Pressroom - Press Release
Prebon Announces the Creation of an ERCOT Desk in Salt Lake City
10/02/2004

Jersey City, 10 February, 2004 - Prebon Yamane (USA) Inc. today announced the recruitment of four key individuals to establish a presence in the ERCOT power market. Craig Orr, Stephen Stenberg, Lingard Fitch, and Peter Orr combine over forty years of experience in the domestic energy markets. The ERCOT desk complements Prebon’s existing extensive brokerage operations in US power markets.

“Employing this team will enable Prebon to add an experienced and competitive team of brokers to the ERCOT landscape” states Ed Novak, President of Prebon Energy in the Americas. “Prebon was a pioneer in providing brokerage services in the Energy markets starting in 1993. Our investment in the ERCOT market is yet another example of our continued commitment to the Energy markets, not only in the US but also at the global level.”

Notes to editors
About Prebon Yamane
The Prebon Yamane group of companies provides brokerage services for financial and commercial institutions worldwide in the foreign exchange, money market, derivative, securities, energy and emerging markets. The Prebon Yamane group of companies comprises more than 1,650 staff located in 25 offices around the world. Please visit www.prebon.com for more corporate and product information.

Prebon Yamane (USA) Inc.
Mohammad Kousha
T +1 201 557 5116
mkousha@prebon.com