Taiwan Stock Exchange and International Securities Exchange Sign MOU

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

The MOU, signed by Dr. Rong-I Wu, Chairman of the TSEC, and Gary
Katz, President and CEO of ISE, marked the beginning of closer
collaboration between Taiwan and US bourses. Cooperation on
information sharing will facilitate the trading of Exchange Traded
Funds (ETFs) on the ISE Stock Exchange and listing options on those
ETFs as well as certain indexes. With this MOU in place, US investors
will have greater access to financial instruments that track the
performance of Taiwanese companies.

Dr. Wu, Chairman of TSEC, commented:

"US-based investors are beginning to see the value of investing
into Taiwan. For the benefit of the index trading community, Taiwan
Stock Exchange has made significant reforms and marked improvement in
its trading environment to align with international practices.
Building an alliance with the International Securities Exchange, the
world's largest equity options exchange, will help stimulate the
development of ETFs for both exchanges."

The Taiwan bourse is one of the best performing stock markets in
Asia despite the US 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.

Currently, there are 3 ETFs/indexes, which contain leading
Taiwanese industrial, technology and financial companies as
constituents, listed for options trading on ISE. Several additional
Taiwan-related ETFs or indexes may be added later this year for
trading on ISE's options exchange and on the ISE Stock Exchange. Both
exchanges believe that the agreement will contribute to their further
growth and stimulate active trading of securities that have
Taiwanese-based component companies.

Gary Katz, President and CEO of ISE, commented:

"We are very pleased to have established this agreement with the
Taiwan Stock Exchange and view it as an important first step in
developing options on leading indexes and ETFs related to Taiwan. The
MOU will also enable us to expand the international ETFs that will be
traded on the ISE Stock Exchange and 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 International Securities Exchange

The International Securities Exchange operates a family of fully
electronic trading platforms, creating efficient markets through
innovative technology and market structure. ISE's markets portfolio
consists of an options exchange and a stock exchange. As the world's
largest equity options trading venue, ISE offers options on equities,
ETFs, indexes, and FX. The ISE Stock Exchange trades approximately
6,000 products, and is the only fully electronic equities platform
that provides the opportunity for continuous price improvement through
the interaction of its non-displayed liquidity pool, MidPoint Match,
and its displayed stock market. ISE Alternative Markets is scheduled
to launch in 2008 and will offer a parimutuel trading platform for
derivatives auctions. To complement its markets and enable investors
to trade smarter, ISE creates innovative new products including a
portfolio of proprietary indexes and enhanced market data for
sophisticated investors.

ISE is a wholly owned subsidiary of Eurex, a leading global
derivatives exchange. Eurex itself is jointly owned by Deutsche Borse
AG (Ticker: DB1) and SWX Swiss Exchange. Together, Eurex and ISE are
the global market leader in individual equity and equity index
derivatives.

College Hill
Anne Pang, +852 3791 2287 or +852 6141 2228
anne.pang@collegehill.com.hk
Henry Chow, CFA, +852 3791 2289 or +852 9250 8300
henry.chow@collegehill.com.hk
or
International Securities Exchange
Molly H. McGregor, +1-212-897-0275
mmcgregor@ise.com

Copyright Business Wire 2008