CBOT Reschedules Special Meetings - BOD Review Of ICE Proposal Continues

CBOT Holdings, Inc. (NYSE: BOT), holding company for the Board of Trade of the City of Chicago, Inc. (CBOT), and the CBOT yesterday announced that, pursuant to their obligations under their merger agreement with Chicago Mercantile Exchange Holdings Inc. (CME), the special meetings of CBOT Holdings stockholders and CBOT members to vote on the proposed merger with CME, previously scheduled for April 4, 2007, have been rescheduled for July 9, 2007.

The Board of Directors of CBOT Holdings, its special committees and the Board of Directors of the CBOT continue their reviews of the previously-announced unsolicited proposal from IntercontinentalExchange, Inc. (ICE). CBOT Holdings and CBOT have re-established the date of the special meetings to comply with their obligations under the terms of the merger agreement with CME.

"The Boards of Directors of CBOT Holdings and the CBOT are committed to a well-governed process that results in the best possible outcome for our stockholders and members," said Charles P. Carey, Chairman of the Boards of Directors of CBOT Holdings and the CBOT. "While we continue to move forward on our existing agreement with the CME, as we are required to do, we also continue to work closely with legal and financial advisors to carefully evaluate ICE's proposal consistent with our fiduciary duties."

A new record date for the special meetings will be established and updated proxy materials describing ICE's proposal and other events occurring after the distribution of the previous proxy materials will be distributed to CBOT Holdings stockholders and CBOT members prior to the meeting date. As previously announced, CBOT Holdings does not intend to comment further on ICE's proposal until CBOT Holdings Board of Directors, its special committees and CBOT's Board of Directors complete their reviews of the proposal.