Chicago Board of Trade Nominating Committee Announces Candidates For 2005 Election

The Chicago Board of Trade (CBOT®) today announced that the Nominating Committee has slated the following candidates to serve on the Exchange’s Board of Directors and on its Nominating Committee. The Exchange election will be held on March 2, 2005.

Nominees were slated to fill the following offices: Chairman of the Board (two-year term); three Full Member Directors, including at least one non-resident (three-year terms); one Associate Member Director (three-year term); one Nominating Committee Full Member (three-year term); and one Nominating Committee Associate Member (three-year term).

CBOT Chairman of the Board of Directors Candidate:

The full member nominee to serve for a two-year term as Chairman of the Board is Charles P. Carey.

CBOT Director Candidates:

The full member nominees for three-year terms as Directors are James E. Cashman, George P. Hanley, C.C. Odom, II (non-resident).

The associate member nominee for a three-year term is: Charles M. Wolin.

CBOT Nominating Committee Candidates:

The full member nominee for a three-year term as a member of the Nominating Committee is David P. Brennan.

The associate member nominee for a three-year term as a member of the Nominating Committee is Kevin J. Doherty.

Additional candidates’ names may be placed on the ballot for any office through a petition. Each candidate’s petition must be signed by at least 40 members and submitted in care of the CBOT Secretary’s Office no later than Wednesday, February 9, 2005.

Based on the current CBOT charter and bylaws, the Exchange’s 2005 Board of Directors, which will become effective immediately following the election on March 2, 2005, will include the Chairman, Vice Chairman, President/CEO and 15 Directors.

Elected Board members whose terms are expiring are Chairman of the Board, Charles P. Carey, and Directors: John E. Callahan, Howard R. Feiler (associate member), C.C. Odom, II (non-resident), and Gary V. Sagui. The Nominating Committee members whose terms are expiring are: Michael A. Manning and Joseph Niciforo.

The current Nominating Committee is comprised of Michael A. Manning (Chairman), Robert E. Goldberg, Joseph Niciforo, John H. Tocks and A. John Yavari.