July 26, 2011

All members, designated delivery warehouses for natural rubber and designated inspection institutions for natural rubber,

Under the approval by the China Securities Regulatory Commission, the Exchange has amended the standard contract of natural rubber and relevant implementing detailed rules (Please see Exchange Announcement [2011] No.7) and commenced registration administration of domestic natural rubber for delivery (Please see Exchange Announcement [2011] No.8). Please be aware of and follow the arrangements as below .

1. The amended contents of natural rubber standard contract and relevant implementing detailed rules (other than the sections of brand registration and brand delivery of domestic natural rubber) shall come into effect as of the listing of RU1208 Contract.

2. As of the date of publication of this Notice, the registration administration of delivery commodities shall be commenced for domestic natural rubber, with the exception of imported rubber smoked sheet No. 3. Specific arrangements are as follows:

(1) Standard warrants shall be generated for the newly-entry domestic natural rubber pursuant to rules of brand registration regulations; each standard warrant is 5 tons in the face value and of the same brand. As of July 23, 2012, the face value of newly-generated standard warrant shall be10 tons.

(2) The standard warrants generated before the release of this Notice remain valid.

(3) After the market closing on July 23, 2012, every 2 standard warrants of the face value of 5 tons each and of the same brand, only if before expiry of delivery for which, shall be substituted for 1 standard warrant of the face value of 10 tons. Expiry date of the newly substituted warrant shall be the nearer one of the original 2 standard warrants of the face value of 5 tons.

3. Work arrangements of designated delivery warehouses and inspection institution during the interim

The designated delivery warehouse shall make efforts dealing well in

Entry and exit of natural rubber, and its storage; Brand-based stacking of newly-entry natural rubber; checking, recording and follow-up of the new and original standard warrants and warrant owners; timely reporting to the Exchange as required.

The inspection institutions shall strictly enforce the newly amended Inspection Detailed Rules of Natural Rubber (Futures) and steadily implement the standard natural rubber contract and related detailed rules and regulations.

4. Arrangements on the member-end technology system

Members shall contact their technology system suppliers and market data system vendors, make detailed rules concerning the transition between new and old contracts and measures of modification to the technological parameters, and join in the test on transaction and clearing that is organized by the Exchange to ensure a safe transition.

5. Matters that are not addressed by this notice in respect of the interim arrangements on natural rubber standard contract and relevant implementing detailed rules shall be subject to the regulations that the Exchange shall announce in due course.

Queries or more details, please contact

　　Wang Haiyang Tel: 8621-68401462;

　　Pan Weichun Tel: 8621-68400326;

　　Wang Fang Tel: 8621-68400006.

Shanghai Futures Exchange