MX And TSX Disclose The Results Of Amalgamation Consideration Elections By MX Shareholders

Montréal Exchange Inc. (MX) and TSX Group Inc. (TSX Group) today announced the results of the elections by MX shareholders with respect to the consideration they will receive pursuant to the terms of the amalgamation agreement between MX and TSX Group. The election deadline was 5:00 p.m. on April 29, 2008.

The amalgamation agreement provides that the maximum number of TSX Group common shares issuable to MX shareholders under the amalgamation is 15,346,000, and the maximum amount of cash payable to MX shareholders under the amalgamation is $428.2 million.

<>As a result of the elections, upon the effectiveness of the amalgamation on May 1, 2008, a total of approximately 15.32 million TSX Group shares will be issued, and $428.2 million will be paid in cash, to MX Shareholders.

For those who elected to receive cash or were deemed to have so elected, this represents an amount, for each common share of MX, of $16.26 in cash and 0.4540 of a common share of TSX Group.

Those who elected to receive shares of TSX Group will receive 0.7784 TSX Group Share for each MX common share.

The consideration to be paid to MX shareholders is expected to be distributed to them on or about May 6, 2008. No fractional TSX Group shares will be distributed.

Information about the MX and TSX Group business combination, including the management information circular relating to the amalgamation, is available on MX’s website at www.m-x.ca . Investors may also obtain a copy of the management information circular on the Canadian Securities Administrators’ SEDAR website at www.sedar.com and on the US Securities and Exchange Commission’s website at www.sec.gov

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