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Mercuria Energy Group Makes Strategic Carbon Business Acquisition

November 3, 2010

Purchase of Carbon Offset Pioneer, MGM, Boosts Global Energy Trading
Firm’s Presence in Carbon Trading Markets


    Highlights

    - Major strategic step for Mercuria in the global carbon markets.
    - Mercuria purchases all equity of MGM.
    - Valuable growth platform for Mercuria in project origination
      and marketing.
    - Mercuria grows and diversifies its global energy business.

Mercuria Energy Group Ltd. announces today the acquisition of carbon
offset project developer MGM International Group LLC. The purchase of MGM
represents a strategic investment by the Geneva-based Mercuria to create an
additional growth platform for its global carbon trading activities.

Under the terms of the transaction, Mercuria has purchased all of the
equity in MGM International Group from Morgan Stanley Capital Group Inc. and
MGM International LLC, which is owned by MGM International Group’s founders.

“MGM has proven to be a leading innovator in the field of carbon project
development, and we are very pleased to bring this company and its management
on board at Mercuria,” said Jean-Francois Steels, Mercuria Head of Carbon
Trading. “We anticipate MGM will provide a valuable platform for the growth
of our carbon project origination and marketing activities.”

The Miami, Florida-based MGM International Group is a leader in the
development of international projects to reduce greenhouse gas emissions and
a pioneer in global carbon trading markets. The firm was one of the first to
focus on global carbon project development, and it currently manages projects
in 22 countries.

“There are few companies in the carbon market with such a mature and
sizable portfolio of projects as MGM,” said Paul Chivers, Mercuria Group
Chief Investment Officer. “MGM’s portfolio stands out for the diversity of
its projects by geography, technology, and credit delivery dates. The company
is poised to produce a significant amount of credits between now and the end
of the Kyoto Protocol compliance period in December 2012, which provides a
solid platform to support our focus on global carbon trading markets.”

About Mercuria Energy Group Ltd.

Mercuria is a privately-owned international group of companies active
over a wide spectrum of global energy markets including crude oil and refined
petroleum products, natural gas (including LNG), power, coal, biodiesel,
vegetable oils and carbon emissions. It is one of the world’s five largest
independent energy traders and has a longstanding sector expertise.
Mercuria’s worldwide operations are carried out from 28 offices across five
continents.

About MGM International Group LLC

MGM International Group LLC (MGM or The Company) is a leading carbon
project development company, helping clients worldwide identify, design,
develop and monitor greenhouse gas (GHG) emission reduction projects in the
Kyoto, voluntary and pre-compliance markets.

SOURCE Mercuria Group Ltd


Source: newswire



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