TSX Delisting of Algo Group Inc. (AO, AO.PR.A, AO.PR.B)

    TORONTO, July 7 /CNW/ - TSX has determined to delist the Common Shares of
Algo Group Inc. (Symbol: AO), as well as the Convertible Redeemable
Retractable Third Preferred Shares Series I (Symbol: AO.PR.A) and 6%
Cumulative Redeemable Convertible Second Preferred Shares Series I (Symbol:
AO.PR.B) at the close of market on August 6, 2008 for failure to meet the
continued listing requirements of TSX. The Securities of the Company are
currently halted due to the imposition of a Cease Trade Order. In addition,
the Securities have been suspended from trading by TSX effective immediately.
The Company will now be subject to the requirements of Section 501 of The TSX
Company Manual.

    About TMX Group (TSX-X)
    TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy products.
Toronto Stock Exchange (TSX), TSX Venture Exchange, Montreal Exchange (MX),
Natural Gas Exchange (NGX), Shorcan and other TMX Group companies provide
trading markets, clearing facilities, data products and other services to the
global financial community who access Canada's capital market. From its home
base in Canada TMX Group reaches internationally, as its equity markets are
the 7th largest in the world by market capitalization and list more resource
companies than any other exchange group. TMX Group is headquartered in Toronto
and maintains offices in Montreal, Calgary and Vancouver. For more information
on TMX Group, visit our website at http://www.tsx.com.

For further information:

For further information: Corporate Communications, TMX Group Inc., Toll
Free 1-888-873-8392, info@tsx.com

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