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Miami, Florida May 11, 2007 BUSINESS SESSION

WRMA 9 th Annual Conference. Miami, Florida May 11, 2007 BUSINESS SESSION. ANTITRUST STATEMENT FOR THE WEATHER RISK MANANGEMENT ASSOCIATION. In order to guard against unintentional violations of the antitrust laws, the following topics shall not be discussed at any time during the WRMA

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Miami, Florida May 11, 2007 BUSINESS SESSION

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  1. WRMA 9th Annual Conference Miami, Florida May 11, 2007 BUSINESS SESSION

  2. ANTITRUST STATEMENT FOR THE WEATHER RISK MANANGEMENT ASSOCIATION In order to guard against unintentional violations of the antitrust laws, the following topics shall not be discussed at any time during the WRMA meetings, whether as part of a formal meeting, a large group discussion or in any private conversations: • Price fixing • Exclusionary practices (customer and markets) • Other discussions or agreements resulting in • restraint of trade • The principal federal antitrust law is a criminal conspiracy statute. • Violators can be subject to mandatory jail terms. For your own protection • and that of WRMA, compliance with these discussion rules is mandatory.

  3. 2006/2007 Activities/Accomplishments • Regional Committees America’s Committee • Continued liaison with NOAA • Proposed meeting for this summer

  4. 2006/2007 Activities/Accomplishments • Regional Committees America’s Committee • Continue to monitor PUC’s for WNA’s Have made a solid case, and based on that no filings of impact

  5. 2006/2007 Activities/Accomplishments • Regional Committees America’s Committee • Joined the Weather Coalition – Mission: • expand research and development collaborations among industry, academia, and government agencies • support the establishment of a robust Earth observing system • support the infrastructure, including human and computing resources, necessary to use global observations effectively for research and operations

  6. 2006/2007 Activities/Accomplishments • Regional Committees European Committee • Held successful meeting in Toulouse • Continue to Monitor EU directives impacting industry

  7. 2006/2007 Activities/Accomplishments • Regional Committees Asian-Pacific Committee • Held successful meeting in Tokyo • Promoted WRM to other markets; Korea, India

  8. 2006/2007 Activities/Accomplishments WRMA Represented at 3rd Party Conferences • Weather Risk e-Symposium, Oct. 19, 2006 • European Autumn Gas Conference, Cannes, October 17 – 19, 2006 • Forbes Risk Management Forum, New York, Oct. 26, 2006 • Juice Products Association, 10th International Economic Outlook Conference New York Nov.7, 2006

  9. 2006/2007 Activities/Accomplishments WRMA Represented at 3rd Party Conferences • Nordic Energy Risk, Nov. 22nd & 23rd, Stockholm • ART Conference, Jan. 30th, 2007, Singapore • Association of French Treasurers, March 2007, Paris • Offshore Technology Conference (OTC), 2008

  10. 2006/2007 Activities/Accomplishments • Hired a PR firm – effective 3/07 to increase press coverage • Newsletter, the WRMA WIRE • Completed 7th Industry Survey • Implementation of Strategic Plan • Redesign and update of website

  11. Treasurer’s Report

  12. Treasurer’s Report • Balance Sheet Summary: 12/31/06 • Total Assets $205K • Total Liabilities $70K • Total Net Assets $135K 3/31/07 • Total Assets $235K • Total Liabilities $96K • Total Net Assets $139K

  13. Treasurer’s Report • Income Statement Summary: 1/1/07 - 3/31/07 • Actual 1Q 2007 Revenues $54K • Budgeted 2007 Revenues $215K • Actual 1Q 2007 Expenses $50K • Budgeted 2007 Expenses $222K

  14. WRMA Membershiprepresents members from 11 countries

  15. WRMA Membership • WRMA Membership by Geographic Location

  16. Election of Directors

  17. WEATHER RISK MANAGEMENT ASSOCIATION • 2007/2008 SLATE OF DIRECTORS • Nominating Committee: Philippe Chauvancy, Colt Heppe, and Brian O’Hearne • Request for Nominations went to the membership – March 16th • Committee Reviewed nominations received in conjunction with • the composition of membership in terms of: • industry sector • geographical representation • overall stakeholder in industry • Based on the above criteria, the following is the proposed slate:

  18. WEATHER RISK MANAGEMENT ASSOCIATION 2007/2008 SLATE OF DIRECTORS Directors Nominated for a two year term, to expire at the Annual Meeting in 2009: Director Philippe Chauvancy Powernext Director Warren Isom Willis Re Director Gearoid Lane Centrica Director Sandeep Ramachandran Swiss Re Director Jean Christopher Garaix Axa Re Director Nominated for a one year term: Martin Mallinow Galileo Directors remaining on the Board with unexpired terms of one year each, are: Director Jens Boening Merrill Lynch Director Felix Carabello CME Director Valter Stoiani ABN Amro

  19. WEATHER RISK MANAGEMENT ASSOCIATION 2007/2008 OFFICERS In accordance with the bylaws, the Directors will elect from among themselves the Officers. The proposed slate of Officers from the new Board of Directors are: President Gearoid Lane Centrica Vice President Jens Boening Merrill Lynch Sec/Treasurer Warren Isom Willis Re

  20. WRMA Meetings European Meeting October 3- 5 2007 Zurich, Switzerland 10th Annual Meeting TBD

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