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WEB EXCLUSIVE
Depository Trust & Clearing Corporation to create 500 jobs; invest millions in new center in Tampa, FL

The Depository Trust & Clearing Corporation (DTCC), the world's largest provider of technology infrastructure for financial transactions, has selected Hillsborough County, FL as the location for a major operations center. The new location is expected to create 500 new high-tech, high-wage jobs, and will result in DTCC investing $34 million in facilities, IT infrastructure, and equipment.

"DTCC's decision to locate their southeast facility in Hillsborough County is outstanding news and serves as a testament to Florida's growing reputation as a financial services sector hub," says Governor Jeb Bush, who was actively involved in recruiting DTCC to Florida. "Over the past 10 years, the financial services industry has helped to strengthen Florida's economy by creating thousands of high-wage, high-value jobs for our citizens. I welcome DTCC to the Sunshine State and look forward to nurturing the company's growth for many years to come."

The DTCC is the primary infrastructure in the U.S. for the clearance and settlement of securities transactions, including equities, corporate and municipal bonds, government and mortgage-backed securities, over-the-counter credit derivatives, and the processing of mutual fund and insurance transactions. In 2003, DTCC settled $923trillion in securities transactions. DTCC's customers include leading national and regional stock exchanges, electronic communications networks, and a diverse range of financial services firms worldwide. DTCC's depository holds in custody$24 trillion in securities and services these assets on behalf of financial services firms.

"The decision to create a new operating center away from the New York metropolitan region is an outgrowth of our business continuity efforts to decentralize and thereby safeguard the certainty and continuity of capital markets in the United States," says DTCC Chairman and CEO Jill M. Considine.

"We conducted an exhaustive search throughout the southeastern U.S. for the ideal location for this new facility. Florida quickly rose to the top of our list, with its highly skilled workforce, its quality of life, and the growing number of financial services companies already in Florida who rave about this business environment. However, the choice for Florida became even more compelling by the teamwork exhibited by state and local officials, from Governor Bush and his staff, to Enterprise Florida, Hillsborough County, mayor of Tampa, and the Tampa Chamber of Commerce Committee of100. We're extremely pleased to join with Governor Bush and local officials in announcing this decision, and our employees look forward to being active contributors in the Hillsborough County communities where they reside."

The Governor's Office of Tourism, Trade and Economic Development worked with Enterprise Florida, the Tampa Chamber of Commerce Committee of 100, Hillsborough County, and the City of Tampa to bring DTCC to Florida.