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NYSE Statement Re: North Carolina State Treasurer Richard Moore

Date 05/12/2003

The New York Stock Exchange confirms that it has extended an invitation to North Carolina State Treasurer Richard Moore to serve on its Board of Executives, pending SEC approval of the NYSE’s proposed changes to its governance structure.

“The Board of Executives will play a crucial role in reshaping the New York Stock Exchange,” said NYSE interim chairman John S. Reed. “We are currently recruiting a group of individuals who will provide our independent Board of Directors and management with essential public and industry perspective on the important issues we face.”