MERRILL LYNCH COMPLETES ACQUISITION OF ENTERGY-KOCH TRADING

Released on = November 01, 2004, 10:33 am

Press Release Author = Merrill Lynch

Industry = Energy

Press Release Summary = MERRILL LYNCH COMPLETES ACQUISITION OF ENTERGY-KOCH TRADING

Press Release Body = NEW YORK, November 1 — Merrill Lynch & Co. (NYSE: MER) has completed its previously announced acquisition of the energy trading businesses of Entergy-Koch, LP, a venture of Entergy Corporation (NYSE: ETR), and Koch Energy, Inc., a subsidiary of privately owned Koch Industries, Inc.

The energy trading business will operate as the Global Commodities group, a wholly owned unit within Merrill Lynch's Global Markets & Investment Banking Group. The Entergy-Koch Trading management team will continue to run the business at Merrill Lynch.

Entergy-Koch, LP's natural gas pipeline and storage business, is not included in this transaction but is being offered for sale by the venture.

Web Site = http://www.ml.com

Contact Details = Merrill Lynch
Media Relations:
Bill Halldin 916.781.0657
William_halldin@ml.com

Koch Industries, Inc.
Mary Beth Jarvis 316.828.3756
jarvism@kochind.com

Entergy
Media Relations:
Morgan Stewart 504.576.4238
mstewa3@entergy.com