IntercontinentalExchange Announces Pricing Of Its Initial Public Offering

IntercontinentalExchange (ICE) announced yesterday that its initial public offering of 16,000,000 shares of common stock has priced at $26.00 per share. Of the total offering, ICE is selling 2,500,000 shares of common stock. The remaining 13,500,000 shares of common stock are being sold by existing shareholders. ICE intends to use the net proceeds from the IPO for general corporate purposes, including expanding and diversifying the Company's product and service offerings, and the repayment in full of outstanding long-term debt of $13 million. ICE will not receive any of the proceeds from the sale of shares by the selling shareholders. The Company's shares are expected to commence trading tomorrow, November 16, 2005, on the New York Stock Exchange under the symbol “ICE”.

The underwriters have an option to purchase up to an additional 2,400,000 shares from the selling shareholders, at the public offering price, less the underwriting discounts and commissions to cover over-allotments.

Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. are joint book-running managers of the offering, with William Blair & Company, Sandler O’Neill & Partners, L.P. and SG Corporate & Investment Banking serving as co-managers.

“ICE’s listing tomorrow is a significant milestone for the company and the energy trading community,” said Chairman and Chief Executive Officer Jeffrey C. Sprecher. “We take great pride in the role we have played in bringing electronic trading to the global energy futures and over-the-counter markets, and we are pleased to be listing on the NYSE.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.

Copies of the final prospectus relating to this offering, when available, may be obtained from Morgan Stanley & Co. Incorporated, c/o Prospectus Department, 1585 Broadway, New York, NY 10036-2800 (tel.+1 212-761-6775) or Goldman Sachs, Prospectus Department, 85 Broad Street, New York, NY 10004 (tel. +1 212-902-1171).