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Trader Information - Amex Notice

Amex Friday Night Options Expiration April 18, 2008

****IMPORTANT NOTICE****

Friday evening April 18, 2008 will be the last opportunity Members and Member Firm Organizations will have to resolve uncompared trades in March expiring options. The "Call Time" for resolution of uncompared expiring options will be from 7:30 to 8:00 PM. All Amex members or their designated representatives are required to be present in the Amex DK Room during the 7:30 PM to 8:00 PM "Call Time".

The time schedule for the April and all subsequent options expirations will be as follows:

6:00 PM "Will Match" trades will be processed.

6:30 PM Amex Options Merged Order Log available on AORS.

7:15 PM Batch Match, ANTE Batch Match, Forcing, and Partial Matching will be processed.

7:30 PM "Call Time"

7:55 PM Deadline for DK'ing trades.

8:00 PM "Call Time" ends. All expiring uncompared trades must be resolved.

8:10 PM Cut-off for final pass input.

8:20 PM SIAC will run IDCO final pass.

Questions regarding this circular should be directed to Joe Basso at 212 306-1757 e-mail jbasso@amex.com.