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Montréal Exchange – MX Ends 2007 In Strong Financial And Strategic Position

Date 11/02/2008

FINANCIAL HIGHLIGHTS FOR Q4 2007 vs. Q4 2006
  • Revenues of $19.6 million in Q4, a slight increase from the previous year
  • Strong contribution to earnings from BOX, due to 75% volume increase
  • Operating expenses, excluding other items, up 5%, reflecting spending for growth initiatives
  • Adjusted net earnings of $7.0 million, up from $6.5 million; net earnings of $6.3 million compared to $7.5 million
  • Adjusted diluted earnings per share of $0.23, unchanged from Q4 2006; diluted earnings per share of $0.21 compared to $0.27
  • Strong financial position with cash balance of $126.7 million at quarter end
CORPORATE HIGHLIGHTS FOR 2007
  • Landmark agreement to combine with TSX Group Inc. to create integrated exchange group
  • Strategic agreement to increase ownership in BOX to 53.2% securing position in the fast?] growing U.S. option industry
  • MX achieved overall volume growth of 5% ?] BOX volume up 38%
  • Progress towards launch of trading in environmental products

Montréal Exchange Inc. (MX) (TSX: MXX) announced today financial results for fourth quarter and the full-year ended December 31, 2007.

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