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Eurex extends terms for German equity options

Extension from 24 months to 60 months from October 18, 2004/
Increasing demand for equity options with longer terms

The international derivatives market Eurex is extending the maximum terms of four German equity options to five years. Effective October 18, the world's largest equity options exchange will extend the terms of four German equity options from currently 24 months to a maximum of 60 months. This change will affect options on the equities BASF, E.ON, Munich Re
and RWE.

With the extension of the terms for these four products, Eurex continues to respond to growing demand from market participants for equity options products with longer terms. Eurex now offers terms of up to 60 months for all options on German equity components of the Euro STOXX 50.

By continuously adapting and expanding its portfolio of products and services, Eurex is underscoring its position as the world's leading service provider for exchange traded derivatives and as the largest and most liquid market for European equity options.