18.8% growth in daily average share trading in January YOY Record January for Derivatives - volumes ahead by 19%

Derivatives products

Amsterdam, Brussels, Lisbon, London, Paris, 2 February 2004 - Euronext.liffe, the international derivatives business of Euronext traded 71.4 million contracts in January 2004, an increase of 19% on January 2003, making it the busiest January ever and the second busiest month ever for Euronext.liffe. On average, 3.4 million contracts per day were traded.

The rise in volumes was seen across the product range with short-term interest rate products showing the highest growth, up 33% on January last year. Volume in Euribor futures and options was 18.9 million contracts, up 37% on the same month last year. Individual equity products traded 31.4 million contracts, an increase of 21% year to date. Commodity products were also up by 12%.

Euronext.liffe's new FLEX® options facility, the second in Euronext.liffe's three new wholesale services, has had an encouraging start, with 43,427 contracts traded on 26 January - its launch day.

Notes to Editors:

This press release has been prepared using actual volumes for the month, apart from for the last trading day when an estimate based on the average daily volume for the current month is used. Final detailed figures for the month will be published three working days after the end of the month on the Euronext websites: www.euronext.com and www.liffe.com.

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