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PHLX Appoints Adrienne Hart First Vice President, Regulatory Group

Date 03/11/1999

The Philadelphia Stock Exchange (PHLX) is pleased to announce that Adrienne Hart, 38, was named First Vice President, Regulatory Group. In her new position, Ms. Hart will oversee the activities of the Regulatory Services and Market Surveillance Departments. Ms. Hart began working for the PHLX in September 1998, as Vice President of Market Surveillance. Prior to joining the PHLX, Ms. Hart had been employed by CoreStates Financial Corporation, holding the title of Vice President, Sales and Trading Manager. Ms. Hart received a B.A. from Sarah Lawrence College and is currently seeking a J.D. from Temple University School of Law. The PHLX is the first securities exchange in the U.S. and the nation's fastest growing sectors index options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2600 stocks, 930 equity options, 13 sector index options, and 100 currency pairs. For additional information on PHLX's products, trade data, and market information, browse PHLX's Web site at www.phlx.com.