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American Stock Exchange Trades Magna Stock

7 April 2005

NEW YORK – (PRESS RELEASE) -- The American Stock Exchange (Amex) will launch trading in options on Thursday, April 7, 2005 on the following American Stock Exchange and Nasdaq Stock Market listed stocks of:

* Central European Distribution Corporation (Stock Symbol: CEDC/Option Symbol: CUV)

* Danielson Holding Corporation (Symbol: DHC)

* Magna Entertainment Corp, Class A (Stock Symbol: MECA/Option Symbol: QBC)

* Provident Energy Trust (Symbol: PVX)

Central European Distribution Corporation options will open with position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be Group One Trading L.P. Central European Distribution Corporation imports beer, wine and spirits and distributes domestic vodka on a nationwide basis in Poland.

Danielson Holding Corporation options will open with position limits of 5,000,000 shares. The options will trade on the March expiration cycle. The specialist will be Group One Trading L.P. Amex-listed Danielson Holding Corporation, a holding company, engages in the energy, financial services and specialty insurance business through its subsidiaries.

Magna Entertainment Corp., Class A options will open with position limits of 25,000,000 shares. The options will trade on the March expiration cycle. The specialist will be Susquehanna Investment Group. Magna Entertainment Corp. acquires, develops and operates horse racetracks and related pari-mutuel wagering operations.

Provident Energy Trust options will open with position limits of 25,000,000 shares. The options will trade on the March expiration cycle. The specialist will be AGS Specialists, LLC. Amex-listed Provident Energy Trust is an oil and gas trust that acquires, develops, produces and markets crude oil, natural gas and natural gas liquids.

The American Stock Exchange(R) (Amex(R)), a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that offers trading across a full range of equities, exchange traded funds (ETFs), including structured products and HOLDRS(SM) and options. In addition to its role as a national equities market, the Amex is the leader in ETF listings, listing 155 ETFs to date, and is the second largest options exchange in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.

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