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CBOT Chairman Statement On Minority Member Lawsuit Ruling

Date 20/09/2004

The Chicago Board of Trade (CBOT®) Chairman Charles P. Carey issued the following statement in response to today's hearing regarding the Minority Member lawsuit in which Cook County Circuit Court Judge Patrick McGann approved the settlement agreement reached between the exchange and the minority members.

"On behalf of CBOT members and our Board of Directors, we are very pleased that the Court has granted final approval to the settlement, which is in the best interest of all parties involved in this longstanding litigation. Supported by an overwhelming majority of CBOT members, the settlement is a true victory for everyone involved. We are delighted to put this arduous challenge behind us and move forward with our plans to restructure and to maximize value for all of our members."