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Winnipeg Commodity Exchange Inc. Announces 2003 Board Of Directors

Date 19/12/2002

The shareholders of WCE Holdings Inc. have elected the 2003 Board of Directors. The Board of Directors of WCE Holdings Inc. also serve as the Board of Winnipeg Commodity Exchange Inc. ("WCE").

The Board met immediately after the shareholders' meeting and elected the Chairman and Vice-Chairman.

WCE is governed by a 13 person Board of Directors, including three Outside Directors who are neither participants or employees/affiliates of Participants, and the President and CEO.

The new board is as follows:

Bill Parrish, Jr., Chairman (President, Parrish & Heimbecker Limited)
Lorne DeJaeger, Vice-Chairman (Director, Commercial Banking Canadian Imperial of Commerce)
Rob Dzisiak, Past Chairman (President and CEO, CFG Financial Group Inc.)
Mike Gagné (President and CEO, Winnipeg Commodity Exchange Inc.)
Kevin Archibald (Outside)
Robert Chipman (Outside)
Charles Curtis (Outside)
Ray Bradbury (President, Bradbury Grain)
Jean-Pierre Gallardo (President, CEO and Administrator FIMAT Derivatives Canada Inc.)
Kerry Hawkins (President, Cargill Limited)
Brian Hayward (CEO, Agricore United)
Brant Randles (President and CEO, Louis Dreyfus Canada Ltd.)
Curt Vossen (President, James Richardson International)

Winnipeg Commodity Exchange Inc., established in 1887, is Canada's only agricultural futures and options exchange. WCE offers futures contracts on canola, canola meal, flaxseed, domestic feed wheat, and western barley. Options contracts are available on canola, flaxseed, domestic feed wheat, and western barley. For more information on the Exchange, visit www.wce.mb.ca.