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 October 27, 2015 - 9:11 AM EDT
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ICE Endex to Host Gas Storage Auctions for RWE Gasspeicher; First German Gas Storage Auction to be held in January 2016

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Endex has been selected by RWE Gasspeicher GmbH (RWE), one of the leading storage operators in the North-Western European gas market, to host auctions for their gas storage.

The first auction is scheduled to be held on January 20, 2016, which will be ICE Endex’s first gas storage auction for the German market. RWE Gasspeicher will use ICE’s auction platform to offer storage capacity in the German market area NetConnect Germany (NCG).

The addition of a gas storage field in the NCG delivery zone will diversify ICE’s successful European gas storage services that are currently used in the Netherlands.

“We are very pleased about the cooperation with ICE Endex, which is well-known as a competent and experienced partner in auctioning flexibility. This cooperation offers us an attractive, additional possibility to serve the North-West European gas market with our storage products,” said Michael Kohl, Commercial Managing Director of RWE Gasspeicher GmbH.

“Today’s appointment by RWE Gasspeicher further strengthens our gas storage offering that uses ICE’s best-in-class auction and trading platform. We are delighted to extend our bespoke auction facilities to RWE Gasspeicher,” said Pieter Schuurs, President, ICE Endex. “ICE is committed to providing value added services to market participants in the German energy market, as well as growing liquidity across key European natural gas hubs.”

In April, ICE Endex added NetConnect Germany as a member of the ICE TTF spot market and the exchange continues to facilitate growing interest in the ICE NCG and Gaspool futures contracts.

Details on the auction and rules, as well as the product characteristics for the auction, will be made available in due course.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. 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. 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, 2014, as filed with the SEC on February 5, 2015.

About RWE Gasspeicher

RWE Gasspeicher GmbH is an unbundled Storage System Operator which operates and markets gas storage facilities for the North-West European gas market. The storages are connected to the market areas NCG, Gaspool and TTF with a total capacity of ~1.9 bcm. For further information please have a look at: www.rwegasspeicher.com.

SOURCE: Intercontinental Exchange

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Media Contact:
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kelly.loeffler@theice.com


Source: Business Wire (October 27, 2015 - 9:11 AM EDT)

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