Update On Montréal Exchange Listing Process - MX On Schedule To List Its Shares In March-April 2007

The Montréal Exchange (MX) provided today an update concerning the process of listing its shares. This follows the decision by the MX’s Board of Directors, made public on December 1st 2006, that MX will list its shares without offering.

The process is well advanced and the MX expects to file a preliminary non-offering prospectus in the near future. A news release will be issued on the day of filing, which remains to be determined.

The MX also announces the following:

• MX will split its shares 3 for 1;
• MX will apply to have its shares listed on the Toronto Stock Exchange;
• MXX is the proposed ticker symbol.

Advisors in the listing process are National Bank Financial Inc and Citigroup Global Markets Inc. (Financial), Ogilvy Renault LLP (Legal) and KPMG LLP (Auditing). CIBC Melon Trust Company will be the Transfer Agent.