Membership Information - Migration from NOS to NASDAQ OMX

Dear Member,

Following the information previously distributed regarding the NASDAQ OMX acquisition, please find attached a document extending the level of details from the Key Changes document sent out in February. This document is aimed at those responsible for and involved in the NOS Membership migration and the information is related to the following areas:

• Membership
• Required Documentation
• Account structure
• IT changes
• Default Fund
• Collateral and Settlement
• Trade reporting

Please note that the deadline for the required documents and agreements to be returned is:

• Members clearing seafood products: end of July
• Members clearing freight, fuel and iron ore: end of September

In addition to the printed material and information on the websites, NOS will be organizing meetings with our members, in order to present the upcoming changes and answer questions. Each member’s Key Account Manager will assist with additional information to make the process as smooth as possible. The information presented in the printed material or on the website may be subject to change and are subject to regulatory consent or approval, as necessary.

The information in this document is also available on our website www.nosclearing.com  under “Key changes”.

For technical information please refer to the NASDAQ OMX website for the NOS migration.

For any questions, please do not hesitate to contact us.

+47 67 10 85 10