SNL Center for Financial Education Acquires EXNET

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New combination creates market-leading conference and training provider for energy sector.

We are delighted to have aligned ourselves with SNL, which shares our philosophy of consistently delivering excellent and timely programs.

SNL Center for Financial Education LLC (SNL CFE), a leading sector-focused provider of conference and training programs for investment banks, money managers and corporations, is pleased to announce the acquisition of The Management Exchange Inc., d/b/a EXNET, a major developer of energy-related conferences and seminars since 1981. EXNET will operate as a division within SNL CFE.

Based in New York City, EXNET has provided conferences and training programs in the energy sector for more than 27 years. EXNET's programs include the Annual Utility M&A Symposium, held each January in New York, along with several other leading energy programs. EXNET's programs attract senior management from energy companies and representatives of investment banking, legal, private equity, accounting and consulting firms.

"As SNL CFE, and our parent company SNL Financial, continue to expand our offerings in the energy sector, the acquisition of EXNET is highly complimentary to our existing conference and seminar offerings. It positions us to provide programming that applies to every level of our client base," said Greg Gartland, managing director of SNL CFE.

"Our merger with SNL CFE will ensure that EXNET programs will continue to deliver the high quality content for which they are known," said John Hunter and Tish Bliss, founders of EXNET. "We are delighted to have aligned ourselves with SNL, which shares our philosophy of consistently delivering excellent and timely programs."

SNL Center for Financial Education will be producing EXNET programs already scheduled for 2008, including: The 21st Annual Utility M&A Symposium on Jan. 28 and 29 in New York City; The 14th Annual FERC Briefing, co-sponsored with Bruder Gentile & Marcoux LLP, on March 18 in Washington, D.C.; and The 23rd Annual Utility Tax Conference, on March 27 and 28 in Washington, D.C.

For more information on SNL Center for Financial Education and EXNET conferences and seminars, visit http://www.snlcenter.com/energy.asp.

About SNL Center for Financial Education (SNL CFE)
SNL CFE is the leading provider of sector-specific conferences and seminars for professionals who focus on the bank and thrift, insurance, real estate or energy sectors. For more information, visit http://www.snlcenter.com.

SNL Contact:     
Kacie Snellings
Program Manager
434-951-7786
ksnellings@snl.com

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Kacie Snellings

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