April 27, 2012

As all the member firms shall be notified,

It has been decided that, SHFE will adjust its transaction fees as follows, effective from June 1, 2012:

I.Transaction fees for copper contracts will be lowered from 0.01% to 0.008% of the contract value;

II.Transaction fees for lead and wire rod contracts will be lowered from 0.01% to 0.005% of the contract value;

III.Transaction fees for steel rebar contracts will be lowered from 0.006% to 0.005% of the contract value;

IV. Transaction fees for natural rubber contracts will be lowered from 0.015% (for contracts expired before August 2012) and 0.01% (for contracts expired in August 2012 and henceforth), respectively, to 0.005% of the contract value;

V. Transaction fees for fuel oil contracts will be lowered from 0.005% to 0.0035% of the contract value;

VI. Transaction fees for gold contracts will be cut from RMB 30 Yuan/lot to RMB 20 Yuan/lot;

VII. Transaction fees for zinc and aluminum contracts will be cut from RMB 8 Yuan/lot and RMB 5 Yuan/lot respectively to RMB 4 Yuan/lot.

Shanghai Futures Exchange