American Stock Exchange to Trade Options on Six Securities NEW YORK, April 8 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) will launch trading in options on Monday, April 12, 2004 on the following Nasdaq Stock Market and New York Stock Exchange listed stocks of: * British Airways plc, American Depositary Shares (NYSE:BAB) * Commercial Capital Bancorp, Inc. (Option Symbol: FVU/Nasdaq: CCBI) * Dr. Reddy's Laboratories Limited (NYSE:RDY) * Golden Telecom, Inc. (Option Symbol: QDV/Nasdaq: GLDN) * Nastech Pharmaceutical Company, Inc. (Option Symbol: QUH/Nasdaq: NSTK) * Selective Insurance Group, Inc. (Option Symbol: IVU/Nasdaq: SIGI) British Airways plc, American Depositary Shares options will open with strike prices of 50 - 55 - 60 and position limits of 1,350, 000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be Susquehanna Investment Group. British Airways plc provides international and domestic passenger and cargo airline services, which extend to over 165 destinations in over 85 countries. Commercial Capital Bancorp, Inc. options will open with strike prices of 17-1/2 - 20 - 22-1/2 and position limits of 2,250,000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be Bowery Specialist Group, LLC. Commercial Capital Bancorp, Inc. is a diversified financial institution holding company that provides a broad range of financial services including commercial banking, income property lending and fixed income brokerage and cash management services. Dr. Reddy's Laboratories Limited, American Depositary Shares options will open with strike prices of 20 - 22 1/2 - 25 and position limits of 2,250, 000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be AGS Specialists, LLC. Dr. Reddy's Laboratories Limited provides a complete range of pharmaceutical services. Golden Telecom, Inc. options will open with strike prices of 30 - 35 - 40 and position limits of 1,350, 000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be Tanstaafl Research & Trading, LLC. Golden Telecom, Inc. provides integrated telecommunications services to businesses and other high-usage customers and telecommunications operators throughout Russia and other countries of the Commonwealth of Independent States. Nastech Pharmaceutical Company, Inc. options will open with strike prices of 10 - 12-1/2 - 15 and position limits of 1,350, 000 shares.The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be Tanstaafl Research & Trading, LLC. Nastech Pharmaceutical Company Inc. researches, develops and manufactures nasally administered pharmaceuticals. Selective Insurance Group, Inc. options will open with strike prices of 30 - 35 - 40 and position limits of 1,350, 000 shares. The options will trade on the March expiration cycle with initial expirations in May, June, September and December. The specialist will be Tanstaafl Research & Trading, LLC. Selective Insurance Group, Inc., through its subsidiaries, offers a broad range of commercial insurance products, alternative risk management products and managed care and related services. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 138 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. DATASOURCE: The American Stock Exchange CONTACT: Lynn Duffy, American Stock Exchange, +1-212-306-1654, or Web site: http://www.amex.com/

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