The attached rate schedule is designed to provide trading participants with a summary of the key charges assessed by the NYSE Amex to 86 Trinity Permit Holders and to describe generally the changes to the fees upon the rollout of OX, which is anticipated to occur in February 2009.

Effective immediately, the Exchange will waive the following fixed fees for 86 Trinity Permit Holders:

• Member Dues: waived, $125.00 per month
• Floor Clerk Fee: $75.00 per month
• Floor Facility Fee: $200.00 per month
• Floor Wire Privilege Fee: $66.67 per month
• Technology Fee: $500.00 per month
• Post Fee Per Podium: $83.33 per month
• Specialist Registration Fee: $66.67 per month

Upon the rollout of OX, certain fees will be eliminated, most notably the facility and technology fee. At the time of the rollout of OX, the 86 Trinity Permits will cease to be effective and regular Trading Permits will be required to trade. In connection with this change to Trading Permits, new fees will become effective. We anticipate that volume based charges will undergo, on average, a reduction in the base rate. A rights fee assessed on Specialists and Directed Market Makers that tracks the franchise value of the operation will be instituted at this time as well. NYSE Amex Options will be working with clearing firms to maximize the amount of billing that is collected via an OCC debit.

We also anticipate that some fees will be increased, namely ones that reflect the unsubsidized cost of telecom, co-lo space and connectivity.

As noted above, the attached fee schedule is meant to provide a general overview of the rates. The OX rollout fees have not yet been filed with or approved by the SEC. The attached simply reflects a broad outline of what the anticipated fee filing will look like.

Should you require more detail please contact Tony Psychoyos at tpsychoyos@nyx.com or 415-393-4190.