Chicago Mercantile Exchange Holdings Inc. Board Unanimously Re-Elects Chairman Terrence A. Duffy
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Exchange Also Confirms the Re-Election of Other Officers and Special Advisors

CHICAGO, April 28 /PRNewswire-FirstCall/ -- The Board of Directors of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME) today re-elected the company's current Chairman Terrence A. Duffy to serve another two-year term. Duffy has been Chairman of CME since April 2002. The Board also re-elected the following officers who will hold their positions on the Boards of Chicago Mercantile Exchange Holdings and Chicago Mercantile Exchange for another one-year term (through the April 2005 election):

     Vice Chairman: James E. Oliff
     Second Vice Chairman: William R. Shepard
     Secretary: Martin J. Gepsman
     Treasurer: Patrick B. Lynch
In addition, the Board confirmed the re-election of Leo Melamed, Chairman Emeritus & Senior Policy Advisor, and John F. (Jack) Sandner, Special Policy Advisor & Former Chairman, to one-year terms.

"I am very honored to be re-elected by the members of our Board to serve another term as Chairman of CME," said Duffy. "It is a very exciting time to be part of this dynamic organization. During the past few years, we have transformed CME into a public company while enhancing our competitive positioning. The strategic plan we put in place is not only well underway, it also is beginning to drive growth and create value for our customers and shareholders."

Terrence A. Duffy has served as Chairman of the Board of Chicago Mercantile Exchange Holdings Inc. (CME Holdings) and Chairman of the Board of Chicago Mercantile Exchange Inc. (CME) since April 2002. He was Vice Chairman of the Board of CME Holdings Inc. from its formation in August 2001 and of the Board of CME from 1998 to April 2002. He has been President of TDA Trading, Inc. since 1981. He has been a CME member since 1981 and a Board member since 1995. As the company's Vice Chairman, Duffy served on the executive, compensation, nominating, strategic planning and regulatory oversight committees. In 2002, he was appointed by President Bush to serve on a National Saver Summit on Retirement Savings. Duffy also was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB). The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees that currently has more than 3 million participants and $132 billion under management.

James E. Oliff has served as Vice Chairman of CME Holdings' and CME's Boards since April 2002 and as a director of CME since 1994. A member of the exchange for more than 25 years, Oliff served as Second Vice Chairman of CME Holdings' Board from its formation on August 2, 2001, until April 2002 and of CME's Board from 1998 until April 2002. He previously served on CME's Board from 1982 to 1992. Oliff has served as President and Chief Executive Officer of FFast Trade U.S., LLC, since December 2001, as Chief Operating Officer of FFastFill Inc., an organization that provides trading and risk management software solutions, since December 2001, as Executive Director of International Futures and Options Associates since 1996 and as President of FILO Corp., a floor brokerage business, since 1982. He also served as President of LST Commodities, LLC (an introducing broker), now known as FFast Trade U.S., LLC, from 1999 until January 2002. He currently serves on the Board of Directors of OneChicago, LLC and is a visiting lecturer in financial market ethics at the Lemberg School of International Finance and Economics at Brandeis University, Waltham, Massachusetts.

William R. Shepard has served as Second Vice Chairman of CME Holdings' and CME's Boards since April 2002 and as a director of CME Holdings' Board since its formation on August 2, 2001, and of CME's Board since 1997. A member of the exchange for more than 29 years, Shepard is founder and President of Shepard International, Inc., a futures commission merchant.

Martin J. Gepsman has served as Secretary of CME Holdings' Board since its formation on August 2, 2001, and of CME's Board since 1998. He has served as a director of CME since 1994 and has been a member of the exchange for more than 19 years. Gepsman has also been an independent floor broker and trader since 1985.

Patrick B. Lynch has served as Treasurer of CME Holdings' and CME's Boards since April 2002 and as a director of CME Holdings' Board since its formation on August 2, 2001, and of CME's Board since 2000. He has been a member of the exchange since 1990 and has been an independent floor trader for more than 13 years.

Leo Melamed has served as an elected director of CME Holdings' and CME's boards since April 2002. Mr. Melamed previously served as a non-voting director and Senior Policy Advisor of CME Holdings' board since its formation on August 2, 2001, and as Chairman Emeritus, Senior Policy Advisor and a non-voting director of CME. Mr. Melamed previously served as an elected and appointed board member for 26 years. He served as Chairman of CME from 1969 until 1972 and founding Chairman of the International Monetary Market from 1972 until its merger with our exchange in 1977. Mr. Melamed served as Special Counsel to CME's board from 1977 until 1991 and Chairman of our exchange's Executive Committee from 1985 until 1991. He has been a member of our exchange for more than 46 years. From 1993 to 2001, he served as Chairman and Chief Executive Officer of Sakura Dellsher, Inc., a former clearing firm of our exchange, and he currently serves as Chairman and Chief Executive Officer of Melamed & Associates, a global consulting group. He is also a member of the CFTC's Global Markets Advisory Committee and currently serves on the board of directors of OneChicago, LLC. Mr. Melamed's terms on the CME Holdings and CME boards expire in April 2006.

John F. Sandner has served as Special Policy Advisor and as a director of CME Holdings' board since its formation on August 2, 2001. Mr. Sandner has been Special Policy Advisor to CME since 1998, a member of CME's board since 1978 and a member of our exchange for more than 31 years. Previously, he served as Chairman of CME's board for 13 years. Mr. Sandner has served as President and Chief Executive Officer of RB&H Financial Services, L.P., a futures commission merchant and one of our clearing firms, since 1985. Mr. Sandner currently serves on the board of directors of Click Commerce, Inc. and as a member of that company's audit committee. He also currently serves on the board of directors of the National Futures Association. Mr. Sandner's terms on the CME Holdings and CME boards expire in April 2005.

Chicago Mercantile Exchange Holdings Inc. became the first publicly traded U.S. financial exchange on Dec. 6, 2002. The company was added to the Russell 1000® Index on July 1, 2003. It is the parent company of Chicago Mercantile Exchange Inc. ( www.cme.com ), the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in the first quarter of 2004 and managed $38.6 billion in collateral deposits at March 31, 2004.

Chicago Mercantile Exchange, CME, the globe logo and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc. Further information about Chicago Mercantile Exchange Holdings Inc. and Chicago Mercantile Exchange Inc. is available on the CME Web site at www.cme.com .

SOURCE Chicago Mercantile Exchange Holdings Inc.

CONTACT: media, Anita S. Liskey, +1-312-466-4613, or Allan L. Schoenberg, +1-312-930-8189, or news@cme.com , or investors, John Peschier, +1-312-930-8491, all of Chicago Mercantile Exchange Holdings Inc. Web site: http://www.cme.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Chicago Mercantile Exchange's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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