THE PHILADELPHIA STOCK EXCHANGE TO POSTPONE OPTION SCHEDULED TO BEGIN TRADING TODAY, AUGUST 2

PHILADELPHIA — August 2, 2007 - The Philadelphia Stock Exchange (PHLX) announced today that it will postpone the listing of the following option until further notice:

W Holding Company, Inc. (option/stock symbol: WHI) 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 250,000 contracts.

The listing was scheduled to start trading today, August 2, 2007 and was allocated to LaBranche Structured Products, LLC.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades over 7,000 stocks, 2,502 equity options, 19 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.