Citadel Expands Global Reach with Senior Hire in Asia

Capitalizing on opportunities to expand its global presence,
Citadel Investment Group, L.L.C. today announced that David Noh will
join the firm as Senior Managing Director and Head of Asian Merchant
Banking. Mr. Noh will join Citadel from Merrill Lynch in Asia, where
he was Head of Corporate Principal Investments for the Pacific Rim.

"We see tremendous opportunities to expand our business in Asia,"
said Kenneth Griffin, CEO and Founder of Citadel Investment Group.
"David Noh is a world-class investor, and adding his significant
experience to our firm is of great strategic importance."

Mr. Noh added, "Citadel has a tremendous global franchise, and I
am excited to have the opportunity to meaningfully extend the reach of
the firm across Asia."

Mr. Noh will be based in Hong Kong. He will report to Tim Throsby,
CEO of Citadel Asia.

Mr. Noh was with Merrill Lynch since 2000. He led corporate
investment opportunities for the firm in the Pacific Rim and
co-founded Merrill Lynch´s Distressed Debt Group in Hong Kong. He also
served with Goldman Sachs and Morgan Stanley in Hong Kong and Korea,
respectively. He started his career with Ernst & Young as a CPA. Mr.
Noh graduated from the University of Washington.

Mr. Noh is the most recent in a series of senior-level
appointments at Citadel. Last month the firm announced that Patrik
Edsparr will join as CEO for Citadel Europe and Head of Global Fixed
Income. He joins from JPMorgan Chase. Additionally, Kaveh Alamouti
will join Citadel from Moore Capital, and will be Head of Global Macro
Investments.

About Citadel Investment Group, L.L.C.

Citadel is a leading global financial institution focused on
alternative investment strategies and services. The Citadel group of
companies employs 1,200 professionals worldwide in Chicago, New York
City, San Francisco, Bermuda, London, Hong Kong and Tokyo.