Urbana Corporation
TSX : URB
TSX : URB.A
TSX : URB.WT

Urbana Corporation

March 07, 2007 16:59 ET

Urbana Corporation Update Re: NYSE Group Inc. Holdings

TORONTO, ONTARIO--(CCNMatthews - March 7, 2007) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT) announces that the sale and transfer restriction on one-third of the NYSE Group Inc. ("NYX") common shares held in Urbana's investment portfolio has been released today. As a result these NYX common shares are now freely tradable. Urbana's current intention, however, is to maintain its NYX position as a long-term holding.

Urbana also announces that, for financial reporting purposes, and with the approval of its auditors, it will record the value of any restricted NYX common shares at a discount rate of prime plus 1% up to the date when Urbana expects such shares to become freely tradable. This will result in an adjustment of less than 2% to Urbana's previously published weekly net asset value calculations.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying seats and shares in private and public securities exchanges in North America and around the world.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that Urbana will retain its NYX position or that such shares will be a profitable investment for Urbana. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

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