Koch Metals Expands Precious Metals Activities; Keen, Crisp Join Trading Team.

Business Editors

LONDON--(BUSINESS WIRE)--Sept. 18, 2003

Koch Metals Trading Limited has expanded its global metals operations with the addition of two experienced market participants to its precious metals team in London.

"Expanding our precious metals trading business is an extension of our efforts to serve additional customers and new markets," said Steve Mawer, president of Koch Supply & Trading. "Our excellent credit, commodity trading infrastructure -- including a strong client base in energy and industrial metals -- and global network gives us the right attributes to add services and clients."

The Koch Metals group, which trades from offices in the United States, United Kingdom and Singapore, added precious metals and steel to its industrial metals trading activities earlier this year.

Matthew Keen and Kevin Crisp, both with more than 15 years' experience in precious metals, have joined the Koch Metals team.

"Adding such experienced and respected team members signals our commitment to be long-term players in this business," Mawer said. "Both bring extensive industry and market knowledge that will provide the foundation for building our precious metals business."

Keen began specializing in Platinum Group Metals while at Engelhard Metals in the late 1980s before moving to JP Morgan, where he built the company's franchise in the PGMs. After 10 years with J.P. Morgan he moved to Dresdner Kleinwort Wasserstein to build a precious metal operation in London and globalize the existing precious metal business while developing a PGM focus. In addition, Keen has had a long-standing role on the management committee for the London Platinum and Palladium Market Association, an industry organization that monitors trading and marketing practices.

Crisp will focus on precious metals sales origination and market analysis for Koch Metals. His career in the industry began as a mining engineer before becoming Asian markets specialist for research company Gold Fields Mineral Services in 1989. He subsequently worked as an analyst and strategist for J.P. Morgan, Credit Suisse First Boston and most recently Dresdner Kleinwort Wasserstein. Crisp has previously served as deputy chairman of the London Bullion Market Association, the gold and silver industry's trade association.

To complement Koch Metals' physical trading operations and other capabilities, the business uses a proprietary online trading system (found at www.kochmetals.com) that allows clients to trade with instant access, communicate directly with Koch Metals dealers, and make complex calculations instantly.

Koch Metals Trading Limited, an associate broker clearing member of the London Metal Exchange, and Koch Supply & Trading, LP provide metals risk management globally using standard as well as exotic products. Koch Supply & Trading, through Koch Metals, is also the New York Mercantile Exchange's specialist market maker in aluminum futures.

Koch Supply & Trading companies offer global trading and risk management activities in crude oil, refined petroleum products, metals and other commodities. These companies have traders in Wichita, Houston, London, Moscow, Mumbai and Singapore and move products through hubs, ports and terminals around the world, including Oklahoma, Louisiana, New York, Europe, Singapore and the Middle East. In the United Kingdom, Koch Supply & Trading transacts business through Koch Metals Trading Limited, which is regulated by the Financial Services Authority and appears on the FSA register under number 184882. Koch Supply & Trading, LP is a subsidiary of Koch Industries, Inc., a Wichita, Kansas-based firm that owns a diverse group of companies engaged in trading, investment and operations worldwide. More information is available at www.kochmetals.com www.ksandt.com or www.kochind.com.