In accordance with Rule 76, Paragraphs 1 and 5 of its business rules, Japan Securities Clearing Corporation (JSCC), has taken steps to suspend debt assumption related to trades in which Lehman Brothers, Inc. (Lehman Brothers) is a counterparty. In response to this, Tokyo Stock Exchange, Inc. (TSE) has suspended trading of Lehman Brothers, and is now announcing the following decision on the handling of margins and outstanding positions for Lehman Brothers' futures and options contracts.

Tokyo Stock Exchange Inc. (TSE) notifies that, in accordance with Rules 39 and 39-2 item 1 of the Trading Participants Regulations, it imposed the following trading suspension toward Lehman Brothers Japan, Inc., a general trading participant.

Northern Trust Global Investments (NTGI), the asset management arm of Northern Trust Bank, today announced the launch of the first dedicated ETF to be based on the Tokyo Stock Exchange REIT Index. NETS Tokyo Stock Exchange REIT Index Fund (Japan) commenced trading on the NYSE Arca Exchange today under the ticker symbol JRE, granting U.S. investors the opportunity to invest in the Japanese real estate market via an ETF.

In recent years, OTC derivatives markets such as the interest rate and credit derivatives markets have continued to expand both domestically and internationally.

Tokyo Stock Exchange, Inc. (TSE) made an announcement today regarding calculation of TOPIX and its sub-indices concerning the following shares to be de-listed on September 25, 2008 and shares to be listed on October 1, 2008 due to stock-swap.

Tokyo Stock Exchange, Inc. (TSE) would like to offer its sincere apologies to investors and the many others involved in its markets for the inconvenience caused by the Derivatives Trading System malfunction that occurred on July 22, 2008.

On April 16, 2008, the first and only Exchange Traded Fund (ETF) in the US based on TOPIX (Tokyo Stock Price Index) was listed in the US on the largest ETF marketplace in the world - NYSE Arca. The new ETF is developed and managed by Northern Trust Global Investments (NTGI), a subsidiary of Chicago-based Northern Trust Corporation, and is traded in US dollars under the name "NETS TOPIX Index Fund (Japan)", ticker "TYI".

ETFs are funds listed and traded on stock exchanges, which are commonly referred to as "listed investment trusts" in Japanese. Like stocks, investors can trade ETFs on stock exchanges through securities companies.

Tokyo Stock Exchange, Inc. (TSE), World Gold Trust Services, LLC, a wholly-owned subsidiary of the World Gold Council; and State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) today announced that the SPDR Gold Shares, began trading on the TSE market on Monday, June 30th. This product is the very first physically backed commodity ETF listed on the TSE, and is also the first of its kind in Japan.

The TSE censured SBI E*TRADE SECURITIES Co., Ltd. for violating　the Cabinet Office Ordinance on the Financial Instruments Business Item 5 Article 123 based upon the Financial Instruments and Exchange Act Item 2 Article 40.

The TSE has decided to increase the number of strike price for Options on JGB Futures. New strike price setting policy is as follows:

Tokyo Stock Exchange, Inc. (TSE) is pleased to announce that it has designated kabu.com Securities Co., Ltd. as an "Index Futures Supporter" as of June 16th, 2008.