March 8, 2007 — Louis Dreyfus Energy Services LP has signed a multi-year contract with United States Steel Corp. to provide procurement and logistical services for metallurgical coal, PCI coal and synfuel. The contract takes affect immediately.

“We are very excited to begin this new relationship with U.S. Steel. With over 155 years of global experience and a long history in the world’s coal markets, the merchant and operational capabilities of LDH Energy and the entire Louis Dreyfus Group can be used to provide world-class procurement and logistics services,” said Raphael Pierce, Vice President in charge of LDH Energy’s domestic coal business.

Business activities will be coordinated from the LDH Energy office in Birmingham, Ala., by Raphael Pierce, Ken Jenkins, Rick Simon, Rick Austin and Roger Slater.

Louis Dreyfus Energy Services is a member of the LDH Energy group of companies. LDH Energy is a leading merchant in the physical and financial energy markets. Since its formation in 1997, the company has grown rapidly to become a major player in natural gas, petroleum, natural gas liquids (NGLs) and petrochemicals. The company is currently expanding its business into the coal and power markets. LDH Energy owns strategic energy assets including a 43-million-barrel underground storage facility in Mont Belvieu, Texas, and a gas processing and fractionation complex in Louisiana.

LDH Energy is a partnership between the Louis Dreyfus Group and Highbridge Capital Management. The Founded in 1851, the Louis Dreyfus Group is an organization of diversified companies whose principal activities include worldwide processing, trading and merchandising of a broad range of agricultural and energy commodities, telecommunications, real estate development and shipping. Highbridge Capital Management is a New York-based global alternative asset management company that is majority owned by JPMorgan Chase & Co.

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