Wilton, Connecticut (March 7, 2007) – Louis Dreyfus Energy Services L.P., a member of the LDH Energy group of companies (LDH Energy), announces that it has signed a multi-year contract with U.S. Steel to provide procurement and logistical services beginning immediately for metallurgical coal, PCI coal and synfuel.

“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 Chip Register, senior vice president and managing director of LDH Energy.

Business activities will be coordinated from the new LDH Energy office in Birmingham, Alabama, by Rick Austin and Roger Slater. “We are pleased to welcome Rick and Roger to our team in Birmingham. Professionals of their caliber and experience are vital to providing U.S. Steel with the quality of support it requires,” said Raphael Pierce, vice president, domestic coal, LDH Energy, who will oversee the contract.

About Louis Dreyfus Highbridge Energy

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 is also an owner of strategic energy assets including a 43-million-barrel underground storage facility in Mont Belvieu, Texas, and a gas processing and fractionation complex in Louisiana. This combination of physical merchant capabilities, financial trading expertise and asset ownership is central to LDH Energy’s strategy.

LDH Energy is a partnership between the Louis Dreyfus Group and Highbridge Capital Management. The Louis Dreyfus Group, which was founded in 1851, 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. For more information, please visit www.louisdreyfus.com. 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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