THE PHILADELPHIA STOCK EXCHANGE TO BEGIN TRADING
EIGHT NEW OPTIONS

PHILADELPHIA — April 26, 2005 — The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading eight new options on April 27, 2005.

Barnes & Noble, Inc. (option/stock symbol: BKS) was allocated to McGowan Investment Group. It will trade on the January expiration cycle with initial expiration months May, June, July and October. Position and exercise limits have been set at 200,000 contracts.

Kinetic Concepts, Inc. (option/stock symbol: KCI) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 75,000 contracts.

Lions Gate Entertainment Corp. (option/stock symbol: LGF) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 250,000 contracts.

Oregon Steel Mills, Inc. (option/stock symbol: OS) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 75,000 contracts.

Peabody Energy Corp. (option/stock symbol: BTU) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 500,000 contracts until September 17, 2005, then the limits will revert to 250,000 contracts.

Pharmion Corp. (option/stock symbol: JUT/PHRM) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 75,000 contracts.

Rayovac Corp. (option/stock symbol: ROV) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 75,000 contracts.

The St. Joe Company (option/stock symbol: JOE) was allocated to McGowan Investment Group. It will trade on the March expiration cycle with initial expiration months May, June, September and December. Position and exercise limits have been set at 75,000 contracts.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,650 equity options, 22 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com