American Stock Exchange Lists TARGETS Linked to Time Warner Inc. NEW YORK, Dec. 17 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today began trading 8% Targeted Growth Enhanced Terms Securities (TARGETS) with respect to the common stock of Time Warner Inc. The three-year, 9.3 million share issue is listed under the ticker symbol TTE and will mature on November 15, 2006. The securities, which have a face value of $10.00, offer a potential for growth and income. At maturity, the issuer will pay the sum of the initial principal amount of $10 per TARGETS and a stock return payment, which may be positive, zero or negative. The securities are issued by Salomon Smith Barney Holdings Inc. The Amex specialist unit for the securities is Wolverine Trading L.P. If you would like to receive a copy of the prospectus for TTE, please contact the Capital Markets Group at the American Stock Exchange at (212) 306-1659. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 126 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. DATASOURCE: The American Stock Exchange CONTACT: Lynn Teresky of the American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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