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The Philadelphia Stock Exchange Announces Newly Elected Positions On The Board Of Governors

Date 29/03/2007

The Philadelphia Stock Exchange (PHLX) announced today the following Governors were elected to fill positions on the Board of Governors for terms ending in 2010 at the annual shareholder meeting held on March 28. The positions filled are as follows:

Christopher Carter Shareholder Governor
Daniel B. O’Rourke Shareholder Governor
Eleanor Myers Independent Governor
Constantine Papadakis Independent Governor
John Wallace Vice Chairman
Daniel Bigelow Member Governor
Larry L. Pressler Designated Independent Governor

Votes representing a total of 418,204 shares of Class B Common Stock and the one share of Series A Preferred Stock were submitted. This total represents 95% of the shares eligible to be voted in this uncontested election.

At the annual meeting of members and member organizations held on March 27, Daniel Bigelow was elected Member Governor with 170 votes and Larry L. Pressler was elected as Designated Independent Governor with 164 votes. Ballots representing a total of 173 eligible permits were submitted. This total represents 69% of the eligible voters in this uncontested election. The last uncontested election took place in 2002. At that time 52% of the eligible voters took part in the election.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades more than 7,000 stocks, 2,434equity options, 17 sectors index options and currency options. For more information about the PHLX and its products, visit www.phlx.com.