PRESS RELEASE

DNV and Global Change Associates Announce
GHG and Green Trading Services Agreement


Contact: Peter Fusaro +1(212) 333-4979

New York (For immediate release)—Det Norkse Veritas (DNV) Certification, Inc. and Global Change Associates (GCA) announce their joint agreement to provide verification, certification and related climate change services for North America and Asia for the energy industry. Both companies feel that their expertise complements one another in the green trading space for Greenhouse Gases (GHG) and renewable energy.

DNV Certification Americas’ General Manager, Yehuda Dror stated, “GCA’s commodity trading expertise coupled with our highly acknowledged certification expertise makes this an exciting and opportune time to provide services in the growing green trading market.”

“DNV’s global reach now positions GCA to provide additional services in the next great financial trading market,” said GCA Chairman Peter Fusaro.

Multinational DNV Certification has specialized third-party services for climate change management, including diverse types of validation, verification and certification activities. DNV has developed methodologies to secure transparent, reliable and creditable audit results. The firm is accredited for the UK Emissions Trading Scheme and has applied for accreditation under the California Climate Action Registry in the US. It expects to become accredited by United Nations Framework Convention on Climate Change as an operating entity under the Clean Development Mechanism in 2003.

GCA is an acclaimed leader in energy commodity risk management. GCA is now at the forefront of assisting in the development of environmental financial markets through the measurement of environmental financial risk and implementation of environmental risk mitigation strategies. The company holds the annual Green Trading Summit in New York City.

For further information, please contact DNV (www.dnv.com, and www.dnvcert.com) or GCA (www.global-change.com).