Taiwan Stock Exchange and Philadelphia Stock Exchange Sign MOU

NEW YORK--(Business Wire)--
Taiwan Stock Exchange Corporation (TSEC) and the Philadelphia
Stock Exchange Inc (PHLX) signed a Memorandum of Understanding (MOU)
today on information sharing and cooperation.

The MOU, was signed by Dr. Rong-I Wu, Chairman of the TSEC, and
Mr. Meyer S. Frucher, Chairman and CEO of the PHLX. By cooperating on
information sharing with the first organized exchange in the U.S., the
TSEC is taking a "First step" on promoting the technology sector in
Taiwan to U.S. index traders.

The MOU also reflects the significant interest and demand from
U.S. traders on Taiwan technology stocks.

Dr. Wu, Chairman of TSEC commented:

"Taiwan technology companies are entrenched as part of the global
IT value chain. Many popular consumer electronics products such as
iphone, ipod, X-box, etc are produced by Taiwanese companies. U.S.
index traders are beginning to see the value of technology play in
Taiwan. For the benefit of the index trading community, Taiwan Stock
Exchange has made significant reforms and marked improvements in its
trading environment. This MOU with the Philadelphia Stock Exchange,
the first organized exchange in the U.S., may be a step in stimulating
the development of new financial instruments for both exchanges."

The Taiwan bourse is one of the best performing stock markets in
Asia despite the U.S. sub-prime crisis. Its benchmark TAIEX posted
positive gains during the first quarter of 2008. Taiwan is also the
leading gateway to capture growth opportunities in China and other
emerging economies in South East Asia. Taiwanese businesses are
amongst the biggest overseas investors in China, Vietnam, Thailand and
Malaysia economies.

Mr. Meyer S. Frucher, Chairman and CEO of the PHLX commented:

"We are very pleased to have established collaboration with the
Taiwan Stock Exchange. The MOU creates a strong foundation to foster
closer ties and cooperation between our two exchanges."

About Taiwan Stock Exchange Corporation

Founded in 1961, TSEC works with the Financial Supervisory
Commission (FSC) to regulate Taiwan's stock market, enhance market
transparency and improve market infrastructure. It currently offers
trading markets for stocks, warrants, Exchange-Traded Funds (ETFs),
Taiwan Depository Receipts (TDRs) and corporate bonds.

About Philadelphia Stock Exchange

The Philadelphia Stock Exchange was founded in 1790. The PHLX
trades more than 7,000 stocks, 2,639 equity options, 16 sectors index
options, options on all major currencies, and futures through its
subsidiary, The Philadelphia Board of Trade (PBOT). For more
information about the PHLX and its products, visit www.phlx.com.

College Hill
Anne Pang, +852 3791 2287 / +852 6141 2228
anne.pang@collegehill.com.hk
Henry Chow, CFA, +852 3791 2289 / +852 9250 8300
henry.chow@collegehill.com.hk
or
Philadelphia Stock Exchange
Barbara Sorid, +1 215-496-5200
Director, Public Relations
Fax: +1 215-496-5460
Barbara.Sorid@phlx.com

Copyright Business Wire 2008