Pacific Exchange to Trade ONEQ Options SAN FRANCISCO, Dec. 11 /PRNewswire/ -- The Pacific Exchange (PCX) announced today that it would begin trading options on the Fidelity Nasdaq Composite Index Tracking Stock (Nasdaq: ONEQ; options symbol: ONQ) on Friday, December 11, 2003. ONEQ options have been allocated to Lead Market Maker Catherine Clay of Timber Hill, LLC. The issue will trade on the March expiration cycle with exercise limits of 22,500 contracts. Timber Hill will offer guaranteed automated executions for up to 500 contracts for all series. "We're excited to add ONEQ options to the list of products we trade at the Pacific Exchange," said Jeff Shaw, head of trading for Timber Hill. "Between the quality and depth of our markets, and the PCX' fee waiver, we expect to achieve significant market share in this issue." The Exchange is waiving all licensing fees for market makers and broker- dealers through March 1, 2004. Trading rights to ONEQ options were obtained by the PCX through a non- exclusive licensing agreement with the Nasdaq Stock Market. Fidelity(R), Fidelity Investments(R), ONEQ(TM), Fidelity(R) Nasdaq Composite Index(R) Tracking Stock(TM) and Fidelity(R) Nasdaq Composite Index(R) Fund(TM) are trademarks of FMR Corp., Fidelity Brokerage Services LLC, Fidelity Distributors Corporation and Fidelity Management & Research Company, Inc. (collectively, "Fidelity"). Nasdaq(R), Nasdaq Composite(R) and Nasdaq Composite Index(R) are registered trademarks of The Nasdaq Stock Market, Inc. The Fidelity and Nasdaq trademarks are licensed for use by Pacific Exchange, Inc. The product(s) have not been passed on by Fidelity or Nasdaq as to their legality or suitability. The product(s) are not issued, endorsed, sold, or promoted by Fidelity or Nasdaq. Fidelity and Nasdaq make no warranties and bear no liability with respect to the product(s). DATASOURCE: Pacific Exchange CONTACT: Dale A. Carlson of Pacific Exchange, +1-415-393-4198 or Web site: http://www.pacificex.com/

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