THE PHILADELPHIA STOCK EXCHANGE TO BEGIN TRADING OPTIONS ON DREAMWORKS ANIMATION SKG ON FRIDAY, NOVEMBER 5

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

PHILADELPHIA — Nov. 4, 2004 — The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading options on DreamWorks Animation SKG-Class A on Friday, November 5.

DreamWorks Animation SKG, Inc. – Class A Inc. (Nasdaq symbol: DWA) has been allocated to Timber Hill LLC. It will trade on the March expiration cycle with initial expiration months of November, December, March and June. Position and exercise limits have been set at 3,150,000 shares.

Options on DreamWorks Animation SKG, Inc. will be launched on PHLX XLSM, the new electronic options trading system from the Philadelphia Stock Exchange. “Potential investors will find liquidity, price competition and rapid execution for orders of all sizes,” said Daniel Carrigan, PHLX vice president of new product development.

The Philadelphia Stock Exchange (PHLX) was founded in 1790. The PHLX trades more than 2,200 stocks, 1,016 listed equity options, 12 sectors index options and currency pairs. For more information about the PHLX and its products, visit www.phlx.com.

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