EEX Group – the No.1 Exchange in Dry Freight Worldwide. Content

EEX Group – The No.1 Exchange in Dry Freight worldwide. Content

. EEX Group – A Global Commodity Exchange . Freight – The story so far… . EEX - No.1 in Dry Freight worldwide . EEX Freight Product Suite . Value Added Services . Access and Membership . List of Freight Brokers . List of Freight Clearing Members & Banks . Why trade Freight at EEX Group? . Meet the Team

EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the registry provider Grexel Systems and the software company KB Tech. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing Local Expertise in Global (ECC) and Nodal Clear.

EEX Group is based in 17 worldwide locations Commodity Markets. and is part of Deutsche Börse Group.

More information: www.eex-group.com

• Access to trading in various market areas as well as products and services along the value chain.

• A broad and diversified network of EEX Group provides global trading participants. market platforms and clearing services for energy • Elimination of counterparty risk and commodity products through clearing and settlement of across the globe. transactions.

• Market access via various front- ends and major Independent Software Vendor solutions.

• Optimal support for customers on site through 17 worldwide locations © EEX Group, 2020 6/5/2020 4 EEX Group – A Global Commodity Exchange

#StatesSuccess #EuropeanExpansion #AsianAmbition #GoingGlobal

# 1 in Power Trading Worldwide

More than 670 Trading participants from 38 countries

# 1 in Dry Freight Trading

NFX migration EEX becomes begins No.1 Exchange in Dry Freight EEX acquires LCH Novation NFX migration Worldwide 100% ownership completed of Cleartrade Exchange

2016 2017 2018 2019 2020 Apr Jul Dec Apr Jul Oct Dec Apr Jul Oct Dec Apr Jul Oct Dec Jan Feb Mar April May

US Dollar DBS – EEX gain EEX gain majority clearing launches 1st Asian GCM majority Volume share in OI share Dry Freight in Dry Freight Global Commodities EEX Asia Omegra – team established launches 1st Asian NCM

EEX Group launched its Global Commodities business in 2016 to support and enable customers to trade and clear a broader portfolio of products from a global perspective via Insert graphic from both EEX and its Singaporean arm, brochure which shows EEX Asia. ways to trade freight via EEX and EEX Asia EEX Asia is a regulated futures exchange based in Singapore and a Recognised Market Operator (RMO) regulated by the Monetary Authority of Singapore (MAS).

EEX Product name EEX Competitor Lot size Unit F/O EEX Baltic Capesize C3 Freight Future (Tubarao – Qingdao) ✓ 1000 Metric Tons Futures EEX Baltic Capesize C4 Freight Future (Richards Bay – Rotterdam) ✓ 1000 Metric Tons Futures EEX Baltic Capesize C5 Freight Future (Western Australia – Qingdao) ✓ ✓ 1000 Metric Tons Futures EEX Baltic Capesize C7 Freight Future (Bolivar – Rotterdam) ✓ ✓ 1000 Metric Tons Futures EEX Baltic Capesize 4TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Capesize 4TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Capesize 5TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Capesize 5TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Handysize 6TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Handysize 6TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Panamax 4TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Panamax 4TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Panamax 5TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Panamax 5TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Supramax 10TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Supramax 10TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Supramax 6TC Freight Future ✓ ✓ 1 Day Futures Options on EEX Baltic Supramax 6TC Freight Futures ✓ ✓ 1 Day Options EEX Baltic Panamax TA P1A Freight Future ✓ 1 Day Futures EEX Baltic Panamax Far Est P2A Freight Future ✓ ✓ 1 Day Futures EEX Baltic Panamax Pacific P3A Freight Future ✓ ✓ 1 Day Futures EEX Baltic Panamax TA P1E Freight Future ✓ 1 Day Futures EEX Baltic Panamax Far Est P2E Freight Future ✓ ✓ 1 Day Futures EEX Baltic Panamax Pacific P3E Freight Future ✓ 1 Day Futures

^Panamax routes (A) - Average of last 7 days ^Panamax routes (E) - End of month Settlement

321,591 contracts

75,226 contracts 35,715 contracts

2020 volumes have already exceeded the total volume achieved in 2019

160.000 EEX volumes 2018 EEX volumes 2019 Freight derivatives market volumes 140.000 35.9k lots 75.2k lots (+208% YoY) 120.000 across all clearing venues grew by Freight 100.000 +12% in 2019 vs. 2018 (trading 80.000 volumes 60.000 EEX freight trading volumes grew in 40.000 by more than +200% in the same derivative 20.000 0 period, with a continuing upward contracts) trend in 2020

EEX NFX SGX After the successful migration of 143,784 lots of Freight Open Interest from Nasdaq Futures,Inc.

100% (NFX) (approximately 90% of the entire NFX Freight portfolio) to Freight 80% European Commodity Clearing (market 60% shares of (ECC) in conjunction with a period open 40% of sustained organic growth, EEX interest in achieved a 54% market share of derivative 20% open interest in the total freight contracts) 0% market (futures and options) as of May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 May 2020 EEX NFX SGX

EEX continues to record growth in May 20, reaching 298,629 lots (53.7%) with the following split in Futures (57%) and Options (49.4%).

Trade Tape

• Cleartech Portal for EEX Freight Trades • View: • Products • Volumes • Prices • Live basis, 15-min delay

Position Limit Tracker

• Tracks EEX Freight Portfolio • Trading Firm-level • Quick access to current positions

Initial Margins

• Easy and visual • Check and compare initial margins by: • Products • Period

API Integration

• Secure APIs for access to and from marketplace • Includes market-making tools • Flexibility to receive trade and market data • Integrated ecosystem • Reduce multiple trade entries through integration

To access the EEX markets there are basically two possible channels: 1. Direct access via own exchange membership 2. Indirect access via a third party exchange member (so called DMA provider)

Direct access Indirect access

Trading Participant Third Party EEX Trading = participant Exchange markets Exchange Member Member

Trading participants are Trading participants are unknown to EEX known to EEX

Access stream available for conclusion and the clearing of trades:

1. by registration of already concluded deals via the Broker.

registration of concluded Buyer deals Trading & Trade Registration Clearing Broker (OTC bilateral) System

© EEX Group, 2020 Seller 6/5/2020 14 EEX Group . Our clearing houses assume clearing as well Clearing Services as physical and financial settlement of transactions concluded and registered for clearing on all partner exchanges.

. ECC is licensed as central counterparty under EMIR and has the status of a recognised Clearing House in Singapore by the Monetary Authority of Singapore (MAS). Clearing and settlement of all transactions is provided by our clearing houses ECC and Nodal Clear in the US. . Cross-margining across all partner exchanges and commodities.

Clearing & settlement services

Physical Financial Risk Straight-Through Reporting settlement Settlement management Processing (STP) services (delivery) (payment) services

Markets & products Most extensive Freight products suite 

Participants Strong client base: 140+ clients to date and increasing. 

Fees Competitive fee structure with Zero settlement fees 

Fees Cost-efficiency through cross-margining 

Market Reports Market Data: Daily market trading activities overview 

Back office integration: Trades executed via brokers feeds directly into API connection client’s system 

Margins overview, Options Delta, Positions limits tracker, Market trade Portal Access tape and records of historical trades. 

Customers support Strong customers focus and personal assistance through account managers in London, Milan and Singapore 

Adelfio Ronci Claudia Gerotto Benson Ho Head of Sales – Senior Key Account Manager Membership & Global Commodities Europe & N. America Sales Manager Asia

Tel: +65 6206 9828 Tel: +39 02 8633 7239 Tel: +65 6206 9828 [email protected] [email protected] [email protected]