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OCC's 2002 "Basic Values" Annual Report Receives "AR100" Recognition

CHICAGO, June 24, 2003 - The Options Clearing Corporation announced today that its 2002 annual report, "Basic Values" has been selected by the 18th annual AR100 Show as one of the top 100 annual reports of U.S. companies.

OCC's annual report featured the theme "Basic Values" and focused on OCC's core values by using a design with simple graphic elements, four colors and a 7.5" by 9.5" format.

AR100 is the country's largest and most prestigious annual report competition. A panel of leading designers judges AR100's entries in categories covering nearly every aspect of a report's creative process including a tough evaluation of how well the report reflects its company's personality. This fall, OCC's annual report will be included in Black Book's AR100 Award Show Book.

"The annual report is an important and indispensable public source of information for a company," said Michael E. Cahill, OCC President and Chief Operating Officer. "We're proud that OCC's annual report is part of this prestigious competition and its quality has been acknowledged."

The report was written and edited by OCC's Corporate Communications department; designed by O'Connor Design in Glen Ellyn, IL; and printed by Lake County Press, Waukegan, IL.

The award-winning annual report can be viewed on OCC&'s Web site at: www.optionsclearing.com/about/ann_rep/ann_rep_pdf/annual_rep_02.pdf

About OCC

OCC, founded in 1973, is the largest clearing organization in the world for options and was the first clearing house to receive a 'AAA' credit rating from Standard & Poor's Corporation. OCC's average daily volume is 3.2 million contracts and average daily premiums settlements are $1.05 billion. As of first quarter 2002, total collateral value at OCC was $43.8 billion. Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC is jointly owned by the American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange and Philadelphia Stock Exchange. More information about OCC is available through its Web site at www.optionsclearing.com.