THE PHILADELPHIA STOCK EXCHANGE TO BEGIN TRADING TWO NEW OPTIONS

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

PHILADELPHIA — September 10, 2004 — The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading two new options on September 13, 2004.

American Campus Communties, Inc (option/stock symbol: ACC) will trade on the March expiration cycle with initial expiration months of October, November, December and March. Position and exercise limits have been set at 1,350,000 shares.

Planar Systems, Inc. (option/stock symbol: PQG/PLNR) will trade on the March expiration cycle with initial expiration months of October, November, December and March. Position and exercise limits have been set at 2,250,000 shares.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,100 equity options, 15 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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