IntercontinentalExchange Announces New Board Members.

Business Editors

ATLANTA--(BUSINESS WIRE)--April 28, 2004

IntercontinentalExchange ("ICE") announced the election of two new members to its Board of Directors at its April 14 annual shareholder meeting. One director replaces Euan Baird who recently resigned from the

Vincent Tese currently serves as Chairman of Wireless Cable International, Inc. Previously, he served as New York State Superintendent of Banks from 1983 to 1985, Chairman and Chief Executive Officer of the Urban Development Corporation from 1985 to 1994, Director of Economic Development for New York State from 1987 to 1994, and Commissioner and Vice Chairman of the Port Authority of New York and New Jersey from 1991 to 1995. Mr. Tese also served as a Partner in the law firm of Tese & Tese. He was a Partner in the Sinclair Group, a commodities trading and investment management company, where he traded on the COMEX. He was also a co-founder of Cross Country Cable TV.

Mr. Tese is a member of the Board of Directors of The Bear Stearns Companies, Inc., Bowne & Company, Inc., Cablevision, Inc., Lynch Interactive Corp., and National Wireless Holdings, Inc., and as a trustee of New York University School of Law and New York Presbyterian Hospital.

Judith A. Sprieser is Chief Executive Officer of Transora, Inc., a standards-based, B2B e-commerce software and services company, which she helped found in 2000. Transora specializes in data synchronization and collaborative commerce technologies that facilitate trade efficiencies to reduce the cost of commerce and streamline trading relationships between manufacturers and retailers. Transora's shareholders represent global and regional consumer products manufacturers. Ms. Sprieser was previously Executive Vice President of Sara Lee Corporation, serving as Chief Executive of Sara Lee's Food and Foodservice operations. Prior to assuming that post, she served as Chief Financial Officer for Sara Lee Corporation, and in various other financial and operating positions.

Ms. Sprieser currently is a member of the Board of Directors of Transora, Allstate Insurance Company, USG Corporation, Kohl's Corporation, Reckitt Benckiser, and is a member of the American Institute of CPAs and Northwestern University's Board of Trustees.

About IntercontinentalExchange

IntercontinentalExchange operates global OTC marketplaces for the trading of commodities on its Internet-based Interchange trading platform. Its subsidiary, the International Petroleum Exchange of London (IPE) is Europe's leading energy futures and options exchange, providing regulated open-outcry and electronic marketplaces where participants use futures and options to manage their price risk exposure in the physical energy markets.

The Interchange platform is accessed daily by thousands of traders and trading operations professionals to trade hundreds of commodity and derivative contracts including crude oil and refined products, natural gas, power and precious metals. In addition to its electronic trading platform, the company's innovations support the broader trading and risk management infrastructure, including OTC cleared products and credit management tools, the eConfirm trade confirmation hub, and enhanced market data through The 10x Group. ICE is based in Atlanta, with offices in Chicago, Houston, London, New York and Singapore. For more information, please see www.theinterchange.com.