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WSP Holdings Celebrates IPO on NYSE
NYSE Now Lists 48 Companies from Greater China, 17th New Listing from Greater China Year-To-Date

NEW YORK, Dec. 6, 2007 – WSP Holdings, a major manufacturer of seamless Oil Country Turbular Goods (OCTG) in China, today opened for trading on the New York Stock Exchange under the ticker symbol “WH ” after its successful IPO in which it raised $212.5 million.

"WSP Holdings is a welcome addition to our fast-growing family of Chinese listed companies," said NYSE Euronext President & Co-COO Catherine R. Kinney.  "NYSE Euronext looks forward to providing WSP Holdings and its shareholders with the superior services, market quality and brand visibility provided by listing on NYSE Euronext markets."

To celebrate today’s special occasion, WSP Holdings Chairman & CEO, Mr. Longhua Piao, rang today’s opening bell, joined by NYSE Euronext EVP Noreen M. Culhane.

Background on NYSE Euronext-China:

  • The NYSE now has 48 companies listed from Greater China, including 36 from Mainland China , 7 from Hong Kong , and 5 from the Taiwan region.
  • Year to date, the NYSE listed 17 companies from Greater China. The listing of WSP Holdings represents the 15th NYSE IPO from China in 2007 to date.
  • The total global market capitalization of the 36 NYSE-listed Chinese companies from the mainland is $1.5 Trillion, and for the 48 companies from greater China , $2.0 Trillion.

About WSP Holdings Limited (NYSE: WH)

WSP Holdings develops and manufactures seamless Oil Country Tubular Goods (OCTG), including seamless casing, tubing and drill pipes used for on-shore and off-shore oil and gas exploration, drilling and extraction.  The company offers a wide range of seamless API and non-API seamless OCTG products, including products that that are used in extreme drilling and extraction conditions.  The company’s products are used in the major oilfields in China and are exported to oil producing regions throughout the world. 

About NYSE Euronext (NYSE: NYX)

NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.   NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.  Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.

 

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyse.com