October 2007

ONE MARKET, INFINITE POSSIBILITIES.SM

NYSE Euronext: Building a Global Platform

Asia

Tokyo Stock ExchangeStrategic alliance

National Stock Exchange of India

5% equity stake

NYSE Euronext: Global Leadership

NYSECash EquitiesFixed IncomeETFsDRs

NYSE Arca

Cash Equities

Equity Options

ETFs

DRs

EuronextCash EquitiesBondsETFsCertificatesWarrantsDRs

AlternextCash EquitiesDRs

Euronext.liffe

Derivatives

Gateway to the Eurozone

Americas Europe

Strategic RelationshipsNYSE Euronext

The world’s largest equity market

5

Only Transatlantic Marketplace

Listing venue of choice: 3,977 issuers from 55 countriesAccess to the world’s largest liquidity pools

Financial Strength: $20bn market capitalization; AA rated

NYSE Euronext is the World’s Largest Cash Equities Marketplace

0

5

10

15

20

25

30

35

NYSE Euronext London Tokyo Nasdaq SWX DeutscheBörse

Domestic Foreign

$30.3

$10.7

$6.5$5.1 $5.1 $4.1

Market Capitalization$Trillions

Note: Figures denote total worldwide market capitalization for listed operating companies. NYSE Euronextfigure adjusted to exclude double-counting of listed issuers dually-listed on NYSE and Euronext. LSE figure includes Main Market listings only. Source: World Federation of Exchanges, Reuters, Bloomberg and NYSE Euronext as of September 30, 2007

…the World’s Largest Cash Equities Trading Marketplace…

$17.8$26.8

$44.8

$57.5

$138.8

0.0

20.0

40.0

60.0

80.0

100.0

$120.0

140.0

NYSEEuronext

Nasdaq London StockExchange

Tokyo StockExchange

Shanghai

Source: World Federation of Exchanges. 2007 YTD as of September 30, 2007

Average Daily Trading Value ($bn)

One Third Of The World’s Cash Trading Takes Place On NYSE Euronext’s Exchanges

Note: Value of trading for 2007 YTD as of June 30, 2007Source: World Federation of Exchanges

Nasdaq 14.1%

London Stock Exchange

11.5%

Tokyo Stock Exchange

6.3%

Deutsche Borse 4.3%

BME Spanish Exchanges3.1%

Shanghai Stock Exchange

5.6%Borsa Italiana

2.8%

OMX 1.9%

All Other Exchanges16.9%

National Stock Exchange

India0.6%

NYSE Euronext Strategic Partners

NYSE Euronext 32.9%

One Third Of The World’s Cash Trading Takes Place On NYSE Euronext’s Exchanges

NYSEDestination for

Non-US

Companies

25%

35%

40%

Large Mid Small

NYSE MARKET CAPITALIZATION(Segmented by Size)

NYSE LISTED COMPANIES (Sector Breakdown)

Global Listings Market of Choice

NYSE domestic and international companies (excluding funds, derivatives, warrants and preferred stock). For the purpose of this analysis: large cap greater than $5B, mid cap $1B to $5B, small cap <$1B. Average Market Capitalization of NYSE-listed companies: $12B.Period: As of June 30, 2007.Source: FactSet Systems, Inc.

Energy/Utilities20%

Materials7%Tech, Media &

Telecom17%

Industrials8%

Consumer Discretionary

8%

Financials25%

Consumer Staples7%

Healthcare8%

The NYSE is home to more than 2,700 issuers

NYSE: Global Listings Market of Choice

NYSE: Strong Global Franchise

Average Daily Volume: 205.91 million shares representing 11.63% of the NYSE volume Average Daily Trading Value: $7.9 billion

The NYSE is home to 428 non-US companies from 45 countries – the largest of any US market.

# ListedRegion CompaniesEurope 124Latin American 88Canada 80Asia 88Other* 38Middle East/Africa 10

Asia/Pacific 17%

Latin America 21%

Other* 10%

Europe 27%

Canada 22%

Middle East/Africa 3%

2006 TRADING VOLUME

Source: NYSE Research*Other includes companies from The Netherland Antilles, Bermuda and the Cayman Islands.Data as of August 2007.

Non-U.S. Companies Are Returning to the U.S. Markets

Company Sym Type Date Market Cap $ billions Raised $ millions

Yamana Gold AUY T-Canada 1/12/07 $3.5 N/A

Cellcom Israel CEL IPO-Israel 2/6/07 $2.0 $400.0

Navios Maritime NMH T-Greece 2/22/07 $0.5 N/A

Domtar Corporation UFS O-Canada 3/7/07 $3.9 N/A

Tongjitang TCM IPO-China 3/16/07 $0.3 $98.7

Gafisa SA GFA IPO-Brazil 3/16/07 $1.6 $493.6

Flagstone Re FSR IPO-Berm 3/30/07 $1.1 $175.5

Simcere Pharma SCR IPO-China 4/20/07 $1.0 $226.6

EDENOR EDN IPO-Arg 4/26/07 $0.8 $257.8

Acorn International ATV IPO-China 5/3/07 $0.5 $119.4

Qiao Xing Mobile QXM IPO-China 5/3/07 $0.6 $160.0

LDK Solar LDK IPO-China 6/1/07 $2.8 $469.4

Yingli Green Energy YGE IPO-China 6/8/07 $1.4 $319.0

KHD Humboldt Wedag KHD Ndq-HK 6/18/07 $0.9 N/A

Sterlite Industries SRL IPO-India 6/19/07 $9.2 1,753.1

MF Global Ltd. MF IPO-Berm 7/19/07 $3.6 $2,921.4

Validus Holdings VR IPO-Berm 7/25/07 $1.6 $335.4

Genpact Limited G IPO-India 8/2/07 $2.9 $494.1

E-House (China) EJ IPO-China 8/8/07 $1.0 $201.5

WuXi PharmaTech WX IPO-China 8/9/07 $0.8 $184.6

Cosan Limited CZZ IPO-Brazil 8/16/07 $2.1 $1,050.0

Lundin Mining LMC Amx-Can 8/20/07 $3.0 N/A

Babcock & Brown Air FLY IPO-Ireland 9/27/07 $0.8 $430.0$45.9 $10,090.0TOTAL

Source: NYSE ResearchData as of September 2007.

The NYSE is the Destination for non-US Companies Outside their Home Market

Foreign Stocks Listed on NYSE, London and Nasdaq

0

100

200

300

400

500

600

1983

1985

1987

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007*

NYSE London Nasdaq

2000 2006 2007*NYSE 434 451 419London 501 343 337Nasdaq 488 321 316

*as of September 30Sources: Exchanges, WFE

Company NameCosan Ltd.*Banco Macro Bansud S.A.*Copa Holdings, S.A.*CorpbancaCPFL Energia S.A.*Desarrolladora Homex, S.A. de C.V.*Empresa Distribuidora y Comercializadora Norte S.A.*Gafisa S.A.*GOL Linhas Aereas Inteligentes S.A.*Grupo Aeroportuario del Pacifico, S.A. de C.V.*MasisaTAM, S.A.*Ternium S.A.*

*IPOs

Since 2004, thirteen new listings from Latin America, including nine IPOs raising over $5 billion

Vibrant NYSE/Latin American Partnership

2004 - 2007 Latin America ListingsLatin American Companies by Country

Chile (15)

Colombia (1)

Mexico (16)

Panama (3)

Peru (2)

Argentina (14)

Brazil (32)

Puerto Rico (5)

Source: NYSE ResearchNumbers in parentheses denote number of companies in each region/country.Data as of August 2007.

Nasdaq

Vibrant NYSE/Latin American Partnership

Source: FactSet Systems, Inc.; NYSE Research through June 2007Includes Cosan’s announced intention to list on the NYSE.*2 UK incorporated, Latin American-based companies (Hochschild Mining, PLC, Antofogasta, PLC) not accounted for in this figure; Mirgor (0 shares/day), Banco de Chile (51 shares/day) are the companies that have been included.

Number of Latin American Companies

The NYSE is the Destination for Latin American Companies Outside their Home Market

88 6

Number of Latin American IPOs Since 2004

Average Daily Trading Value in Latin American Companies

NYSE

9 1

$2.2 billion $35.8 million

Latin American IPO Proceeds Since 2004 More than $4 billion Less than $500 million

Number of Latin American listings Since 2004 13* 1

LSE

2

0

Less than $1m

0

0

NYSEValue

Proposition

Value Proposition

Enhanced Liquidity

Global Brand Awareness

Valuable Shareholder Management Tools / Service Portfolio

The NYSE Group’s value proposition for listing on the NYSE is founded on superior market quality, global brand visibility, and a rich portfolio of services.

Maximizes Valuation

0

500

1000

1500

2000

2500

3000

3500

4000

4500

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Q22007

2%

7%

12%

17%

22%

27%

U.S. Holdings of non-U.S. Equities (left scale)

% of all equity holdings (right scale)

U.S. Investor Holdings of Non-U.S. Equities 1990 –Q2 2007

Source: Federal Reserve Flow of Funds

$billions percent

$0

$500,000,000

$1,000,000,000

$1,500,000,000

$2,000,000,000

$2,500,000,000

$3,000,000,000

2002 2003 2004 2005 2006 1H07Average Daily Value NYSE Average Daily Value HOME MARKET

Source: NYSE Research

A NYSE Listing Boosts Global Liquidity

NYSE listing for Brazilian companies is a “win-win” – providing liquidity and a broader shareholder base

Source: NYSE Research

C

Global Visibility

March 30, 2006

Banco Macro Bansud, S.A. (NYSE-listed BMA) visits the

NYSE to celebrate the company's initial public offering on March 24, 2006. In honor of

the occasion, Banco Macro Chairman and CEO, Jorge

Horacio Brito, rings The Opening Bell.

Banco Macro Bansud, S.A. Ternium S.A.

February 1, 2006

Ternium S.A. (NYSE-Listed TX) visits the NYSE to

celebrate its initial public offering. In honor of the

occasion, Chairman Paolo Rocca rings The Opening Bell.

March 13, 2007

Gafisa S.A. (NYSE-Listed GFA) visits the NYSE to celebrate its initial public offering. In honor of the

occasion, CEO Wilson Amaralde Oliveira rings The Opening

BellSM.

Gafisa S.A.

April 27, 2007

Empresa Distribuidora y Comercializadora Norte, S.A. “Edenor” (NYSE-Listed EDN)

visits the NYSE to celebrate the company's April 26, 2007 initial public offering. In honor of the occasion, Chairman and CEO

Alejandro Macfarlane rings The Opening BellSM.

Empresa Distribuidora y Comercializadora Norte S.A.Cosan Ltd.

August 17, 2007

Cosan Limited (NYSE-Listed CZZ) visits the NYSE to

celebrate its initial public offering. In honor of the occasion, CEO Rubens

Ometto Silveira Mello rings The Closing BellSM.