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CBOE Board Of Directors Announces 2008 Member Vice Chairman - Bradley G. Griffith

Date 12/12/2007

The Board of Directors of the Chicago Board Options Exchange (CBOE) today announced that Bradley G. Griffith will serve a second consecutive one-year term as the Vice Chairman of the Chicago Board Options Exchange for 2008. Mr. Griffith served a one-year term as Vice Chairman in 2007.The new term as Vice Chairman will begin on January 1, 2008.

"We are very pleased that Brad will be serving a second term as CBOE's Member Vice Chairman. Brad has extensive industry experience and has played a leadership role in CBOE membership committees for many years. His second term will provide valuable continuity to our leadership team. I look forward to working closely with him again in the coming year," said CBOE Chairman and CEO William J. Brodsky.

Mr. Griffith has been a CBOE member since 1980.He is the managing member of Specialists DPM, LLC, a market making firm at the CBOE. He is also a principal in Edge Capture, LLC, a proprietary software provider. In 2007, he served on the CBOE Board of Directors and chaired the Floor Directors and Financial Planning Committees. He also served on the Compensation, Executive, and Floor Officials Committees. Mr. Griffith is a graduate of Indiana University.

Mr. Griffith was declared Vice Chairman by the CBOE Board of Directors. He is the seventeenth Vice Chairman in the thirty-four year history of the Exchange. The Vice Chairman at CBOE is the highest membership representative position at the Exchange and carries a one-year term with a maximum of three consecutive terms served.

CBOE, the largest options exchange in the U.S. and creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com.