THE PHILADELPHIA STOCK EXCHANGE TO BEGIN TRADING THREE NEW OPTIONS

PHILADELPHIA — June 28, 2005 — The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading three new options on June 29, 2005.

Internet Initiative Japan, Inc. (option/stock symbol: IQD/IIJI) was allocated to LaBranche Structured Products, LLC. It will trade on the January expiration cycle with initial expiration months July, August, October and January. Position and exercise limits have been set at 250,000 contracts.
InterOil Corporation (option/stock symbol: IOC) was allocated to LaBranche Structured Products, LLC. It will trade on the March expiration cycle with initial expiration months July, August, September and December. Position and exercise limits have been set at 75,000 contracts.

West Corporation (option/stock symbol: TFU/WSTC) was allocated to LaBranche Structured Products, LLC. It will trade on the January expiration cycle with initial expiration months July, August, October and January. Position and exercise limits have been set at 25,000 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