no 16/18 Amendments to Nasdaq Commodities Trading and Clearing Rules

Subject to testing and regulatory approval, Nasdaq Commodities is announcing changes to its Trading and Clearing Rules, effective 23 April, 2018.

This is to inform you of upcoming amendments to the Trading and Clearing Rules of the Nasdaq Commodity Markets (the “Trading Rules” and the “Clearing Rules”).

The following Appendices are affected:

Joint Trading and Clearing Appendix 1 – Definitions
Joint Trading and Clearing Appendix 2 – Contract Specifications
Clearing Appendix 9 – Default Fund Rules

We have previously published exchange and clearing information for some of these changes:

Delisting of Products:

https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=829416&messageId=1042883

Correction of delisting of Dry Panamax Futures:

https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=829498&messageId=1042995

Listing of German Only day and week contracts:

https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=828897&messageId=1042204

In addition a change of the contract specification for German Electricity Monthly DS Futures contract is introduced. The contract will be settled against the average of the hourly prices from the day-ahead auction for the German/Austrian price zone until the split of the German/Austrian price zone and thereafter against the average of the hourly prices from the day-ahead auction for the German price zone.

Further, changes are introduced to the Default Fund Rules. From Clearing Appendix 9 the definition of Eligible Funds is removed and moved to Joint Appendix 1 Definitions and the Eligible Funds List is removed and moved to the Collateral List under Appendix 14 to the Clearing Rules.

Under the Default Fund rules Chapter 9 the deadline for replenishment is changed from ten (10) days to two (2) days.

For updated Appendices please see:

http://www.nasdaqomx.com/commodities/Marketaccess/legalframework/upcoming-changes-to-rules

For further information, please contact Nasdaq Commodities:

Mette Steinsland, AVP Head of Legal Nasdaq Commodities, phone +47 6752 8071,mette.steinsland@nasdaq.com

Knut Rabbe, Head of Sales, +47 67 52 8032,knut.rabbe@nasdaq.com

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visitwww.nasdaq.com/ambitionorwww.nasdaqomx.com.

About Nasdaq Commodities

Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.

Nasdaq Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.

About Nasdaq Clearing

Nasdaq Clearing is the trade name of Nasdaq Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.

For more information, visitwww.nasdaqomx.com/commodities

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The Nasdaq Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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