TSX Group marks next milestone in Montreal Exchange deal



    TORONTO, Jan. 14 /CNW/ - TSX Group Inc. today marks the next milestone
towards approval of its agreement to combine with Montreal Exchange Inc. to
create the new TMX Group Inc., as announced December 10, 2007.
    MX today has mailed to its shareholders and filed with regulatory
authorities its Notice of a special general meeting of MX shareholders and
accompanying Management Proxy Circular. The Circular gives notice of the
shareholder meeting to be held in Montréal on February 13, 2008, for the
purpose of considering and voting on the combination. The transaction must be
approved by 66 2/3% of the votes cast by shareholders at the February 13, 2008
meeting to be implemented. In addition, the completion of the transaction is
subject to regulatory approval including from Quebec's AMF.
    The Circular outlines in detail the reasons why the Board of Directors of
MX unanimously recommends that shareholders vote in favour of the transaction.
    "We believe the combination will provide great benefits for shareholders,
Quebec and Canadian capital markets, said Michael Ptasznik, Interim Co-CEO,
TSX Group Inc. "We are pleased the transaction is progressing along our
anticipated timelines and we are continuing to target completion of the
transaction in Q1 of this year."
    Copies of the Notice and the Circular are available on www.sedar.com and
www.sec.gov as well as on www.m-x.ca.

    About TSX Group Inc. (TSX-X)
    ----------------------------
    TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading
provider of investor relations and related corporate communication services in
Canada. TSX Group is headquartered in Toronto and maintains offices in
Montreal, Calgary and Vancouver.

    TSX Group and Montréal Exchange Inc. (MX) previously announced that they
have agreed to combine their organizations to create TMX Group Inc., a leading
integrated exchange group, by means of an amalgamation. This news release does
not constitute an offer to sell or the solicitation of an offer to buy any
securities of TSX Group. Such an offer may only be made pursuant to a
management information circular filed with or furnished to the securities
regulatory authorities in Canada and the United States in connection with the
proposed amalgamation. MX plans to file a management information circular with
Canadian provincial securities regulators and TSX Group intends to file a
registration statement with the United States Securities and Exchange
Commission ("SEC") which will include the management information circular or
to furnish the management information circular to the SEC pursuant to an
exemption from registration. Investors and security holders are urged to read
the management information circular regarding the proposed business
combination when this document becomes available because it will contain
important information in respect of the proposed transaction. Investors may
obtain a free copy of the management information circular when it becomes
available on SEDAR at www.sedar.com and a free copy of the registration
statement and/or the management information circular when it becomes available
on the SEC's website at www.sec.gov. The management information circular may
also be obtained for free, once it has been mailed to MX shareholders, on MX's
website www.m-x.ca or by directing a request to MX.





For further information:

For further information: Steve Kee, Director, Corporate Communications,
TSX Group Inc., Toronto Office, (416) 947-4682, Toll Free 1-888-873-8392,
Cellular (416) 358-3714, Vancouver Office (604) 602-6902, Calgary Office (403)
218-2892, steve.kee@tsx.com.


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