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The Philadelphia Stock Exchange To Begin Trading Five New Options

For more information, contact Barbara Sorid at 215-496-5200 or by e-mail

PHILADELPHIA – August 2, 2004 - The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading five new options on Tuesday, August 3.

DJ Orthopedics, Inc. (option/stock symbol: DJO) has been allocated to First Derivative Traders, L.P. It will trade on the March expiration cycle with initial expiration months of August, September, December and March. Position and exercise limits have been set at 2,250,000 shares.

Ionics, Inc. (option/stock symbol: ION) was allocated to First Derivative Traders L.P. It will trade on the March expiration cycle with initial expiration months of August, September, December and March. Position and Exercise limits have been set at 1,350,000 shares.

K2, Inc. (option/stock symbol: KTO) has been allocated to First Derivative Traders L.P. It will trade on the March expiration cycle with initial expiration months of August, September, December and March. Position and exercise limits have been set at 2,250,000 shares.

MCI, Inc. (option/stock symbol: MQI/MCIP). Was allocated to Knight Financial Partners, LLC. It will trade on the March expiration cycle with initial expiration months of August, September, December and March. Position and exercise limits have been set at 2,250,000 shares.

The Meridian Resource Corp.
(option/stock symbol: TMR) has been allocated to Timber Hill Inc. It will trade on the January expiration cycle with initial expiration months of August, September, October and January. Position and exercise limits have been set at 7,500,000 shares.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,500 equity options, 18 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.

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