The CBOT member meeting will be held in Chicago at
3:30 p.m. CDT on Thursday, May 31, 2007. Only
Chicago Board of Trade members who respond in
advance to an RSVP will be admitted to the event.
Chicago Board of Trade Members should dial (800)
562-1675 to register. Other interested parties are
invited to listen via conference call by dialing as
follows: Domestic Participants: (888) 792-8398;
International Participants: (973) 582-2773. The
passcode is 8847664. A live audio webcast of the
meeting also will be available on the Company's
website at http://www.theice.com/ under About
ICE/Investor Relations and at
http://www.theicecbot.com/ . The call will be
archived on ICE's website and on
http://www.theicecbot.com/ . A replay will be
available at (877) 519-4471 for callers within the
United States and at (973) 341-3080 for callers
outside of the United States. The replay passcode
is 8847664. Jeffrey C. Sprecher, Chairman and CEO
of ICE, said, "We are extremely pleased to be
hosting this event in response to the overwhelming
number of requests we have received from CBOT
members for a face-to-face meeting. We believe it
will provide a useful forum to outline in greater
detail the strategic and financial merits of an
ICE/CBOT combination and to address member
questions directly."
Sprecher continued, "We look forward to a
constructive dialogue with the CBOT membership
regarding our proposal, which would result in
greater immediate and long-term value creation, as
well as superior growth prospects for shareholders,
members, customers and employees than the
alternative transaction that the CBOT has agreed to
with the Chicago Mercantile Exchange. We have more
confidence than ever that ICE's growth trajectory,
superior currency, demonstrated ability to
integrate new businesses, innovation track record,
and trading platform capabilities, when combined
with the CBOT, would create a highly compelling
business combination."
Based on the May 23, 2007, closing share prices,
the ICE proposal is valued at $210.83 per CBOT
share, over 16.0% or approximately $1.5 billion
above the CME proposal, which is valued at $181.79
per CBOT share.
Additional Information