SOURCE: Pacific Exchange Inc.

August 24, 2005 13:26 ET

Pacific Exchange to Trade Todco Options

SAN FRANCISCO, CA -- (MARKET WIRE) -- August 24, 2005 -- The Pacific Exchange (PCX) announced that on Thursday, August 25, 2005, it will begin trading options on Todco (PCX: THE).

Todco options will trade on the March expiration cycle with exercise limits set at 25,000,000 shares.

The issue will be traded by lead market makers Mark Krommenhoek and Julia Overs of Citigroup Derivatives Markets, Inc.

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