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LIFFE Shareholders Vote to Support Board’s Strategic Vision

London, Monday 20 November 2000 – Today at an Extraordinary General Meeting (EGM) shareholders of LIFFE voted to support the Board’s plans to work with Cap Gemini Ernst & Young, Battery Ventures and The Blackstone Group to develop the existing exchange business and exploit technology opportunities associated with LIFFE CONNECT™, LIFFE’s electronic trading system. Shareholders approved a placing and open offer of 10 million new ordinary shares at £6 per share which will raise £57 million, net of expenses. LIFFE’s shareholders applied for 2.3 million (68%) of the 3.3 million new ordinary shares available in the open offer.

Blackstone Acquires Debt on 7 World Trade Center

New York, NY – October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial office complex controlled by real estate developer Larry Silverstein.

Transtar Reorganization

Monroeville, PA – October 4, 2000: Transtar, Inc. (“Transtar”) announced today that it has entered into a Reorganization and Exchange Agreement with its two voting shareholders, Transtar Holdings, L.P. (“Holdings”), an affiliate of Blackstone Capital Partners L.P., and USX Corporation (“USX”). In this reorganization, Holdings would exchange all of its shares in Transtar for 100% of the ownership of four direct Transtar subsidiaries – Bessemer and Lake Erie Railroad Company; the Duluth, Missabe and Iron Range Railway Company; The Pittsburgh & Conneaut Dock Company; and USS Great Lakes Fleet, Inc., and their subsidiaries. As a result of this transaction, USX would become the sole owner of Transtar and its remaining direct subsidiaries – the Birmingham Southern Railroad Company; the Elgin, Joliet and Eastern Railway Company; The Lake Terminal Railroad Company; the McKeesport Connecting Railroad Company; the Mobile River Terminal Company, Inc.; the Union Railroad Company; the Warrior & Gulf Navigation Company; and Tracks Traffic and Management Services, Inc. and their subsidiaries.

Frontline Capital Group Completes Placement of HG Global’s Senior Subordinated Notes for $125 Million

NEW YORK–August 21, 2000–FrontLine Capital Group (NASDAQ: FLCG), a leading developer of e-commerce and e-service companies that empower small to medium size enterprises (SMEs), entrepreneurs, and the mobile workforce, today announced the placement of $125 million of Senior Subordinated Notes by HQ Global Workplaces (“HQ”), a FrontLine Partner Company. These notes replace a $125 million senior subordinated bridge facility obtained from UBS Warburg in connection with the HQ/VANTAS merger completed on June 1, 2000. The Senior Subordinated Notes accrue interest at 13.5% and are due August 2007. A group of investors led by Blackstone Mezzanine Partners L.P. (an affiliate of The Blackstone Group), and Chase Capital Partners purchased the notes.

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