Trading Statement

RNS Number:4479I
Commoditrade Inc.
26 November 2007

26 November 2007

                               Commoditrade Inc.

                       ("Commoditrade" or "the Company")



                               Trading statement

                           Bid discussions terminated

                                 Share buyback



Trading update


The Board of Commoditrade is pleased to announce that the Company's trading team
continues to trade profitably.  Despite the general financial market conditions,
the base metals market has maintained good levels of liquidity and volatility
with both financial and primary users participating in the market.  In addition,
supply issues and other factors have all contributed to large price movements
and volatility and these current conditions provide good opportunities for the
trading team, which has also recently been expanded with the appointment of a
senior nickel trader.


The Company has no debt and, as at the date of this announcement its cash
balances are in excess of #19 million after making significant one-off payments
to key members of the trading team as consideration for them to enter into new
contracts which tie them in to the Company for a minimum 3 year period.  The
Board considers it vital that the Company retains its talented trading team, and
is pleased to have secured the services of its key personnel on long-term
contracts.  The Board looks to the future with confidence.


Termination of bid discussions


The Company announced on 7 December 2006 that it had entered into discussions
with a number of interested parties which might or might not lead to an offer
for the Company.  The Board has now concluded that these discussions are not
likely to lead to an offer which is in the best interests of all shareholders in
the Company, and accordingly discussions have been terminated in order to focus
on growing the business and generating enhanced shareholder value.


Share buyback


The Board considers that the recent turmoil in financial markets and its
knock-on effect on the Company's share price provides an attractive opportunity
for the Company to purchase its own shares.  Accordingly the Board has decided
to exercise its authority to buy back its own shares on an opportunistic basis
subject to market conditions.

Commenting, Graham Butt, Chief Executive Officer of Commoditrade said:

"The recent fall in the Commoditrade share price has prompted us to initiate a
share buyback programme, in order to allocate our resources in the most
efficient manner for the benefit of shareholders.  We remain confident of the
growth opportunities available to the Company, notwithstanding the current
volatility in financial markets.  We continue to be totally focussed on creating
value for shareholders and growing the business, and we have a very strong
balance sheet which gives us considerable flexibility and the buyback will not
materially alter any of the current investment plans that the management team
has for Commoditrade."


www.commoditrade.net


Enquiries:


Graham Butt, Chief Executive
Commoditrade                                    tel: [phone]

James Harris/Angela Peace
Strand Partners                                 tel: [phone]

John Bick, Hansard Group                        tel: [phone]

ends


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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