Pyramis Global Advisors, Fidelity's institutional money management unit, has named five new members to its equity trading and operations team. Ian Baker has joined the team as vice president, derivatives and risk management; Scott Lysko as senior trader; Eric Yi as senior trader; Nichole Theroux as vice president, trading operations manager; and Roseann McDermott as trader.

Pyramis Global Advisors, a Fidelity Investments company, has named five industry professionals to its equity trading and operations team. Ian Baker, vice president, Derivatives and Risk Management; Scott Lysko, senior trader; Eric Yi, senior trader; Nichole Theroux, vice president, Trading Operations manager; and Roseann McDermott, trader; join Michael McCauley, head of trading. Mike joined Pyramis in December 2005 to build the trading operations in support of Pyramis�s investment activities. The new team members join Pyramis as the institutional investment manager enhances its own trading capabilities, while continuing to develop and introduce new investment strategies.

�These talented and experienced professionals will be critical to the success of Pyramis�s institutional investment platform and trading operations as we continue to execute the phased migration of portfolios to our trading desk over the next several months,� said Young Chin, chief investment officer, Pyramis Global Advisors. �The breath of knowledge that Ian, Scott, Eric, Nichole and Roseann possess adds a key dimension to our plans as we develop and launch new long/short strategies and other products for the institutional investment marketplace.�

Pyramis Adds to Equity Trading Desk/2

As vice president of Derivatives and Risk Management, Baker oversees development and implementation of derivatives trading capabilities, in addition to risk management and compliance practices and procedures. Reporting to Thomas Sipp, Head of Investment Operations, Baker most recently served as vice president and portfolio manager at Wellington Management Company in Boston, where he focused on derivative-based portfolios and strategies as well as related infrastructure. Baker has nearly 20 years of industry experience including various roles at Schooner Asset Management, Scudder Kemper Investments and The Boston Company.

Lysko will serve as a senior trader, reporting to McCauley. He complements the existing experience on the Pyramis desk by bringing more than 15 years of investment industry experience, predominantly with an international focus. Lysko joins the firm from MFS Investment Management in Boston, where he was vice president, International Equities, and managed an international team of five equity traders since 2005. Yi, also a senior trader, joins Pyramis from Barclays Global Investors in San Francisco, where he served as a principal in the Equity Trading operation for the last six years. Also reporting to McCauley, Yi has 16 years of investment industry experience with an emphasis on quantitative program trading and developing technology platforms, trading analytics and automated execution capabilities. Prior to joining Barclays, Yi served as a derivatives trader in the Fixed Income Division of JP Morgan Chase.

Pyramis Adds to Equity Trading Desk

Theroux, vice president and Trading Operations Manager, joins McCauley�s team after having served at Pyramis since 2005 as a director, Investment Strategy. She has 15 years of industry experience and, prior to joining Fidelity in 2001, was an assistant vice president at Scudder Kemper Investments working within the International/Emerging Markets Fixed-Income Trade Support and Regulatory Oversight divisions. McDermott joins the team as a trader from CIBC World Markets, Inc. in Boston where she served as sales trader and sales trading assistant for the past three years. About Pyramis Global Advisors Pyramis Global Advisors, a Fidelity Investments Company, is an investment management company focused on serving corporate and public retirement funds, endowments, foundations, other institutions, and non-U.S. investors. The company offers active and risk-controlled domestic equity, international equity, fixed-income and alternative disciplines. As of September 30, 2007, assets under management totaled more than $162 billion. About Fidelity Investments Fidelity Investments is one of the world�s largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of September 30, 2007. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 23 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

Pyramis Global Advisors 82 Devonshire Street, Boston, MA 02109

The business unit of Pyramis Global Advisors (Pyramis) consists of Pyramis Global Advisors Holdings Corp, a Delaware corporation, Pyramis Global Advisors, LLC, a registered investment adviser (PGA LLC), Pyramis Global Advisors Trust Company, a New Hampshire chartered trust company (PGATC), Fidelity Management Trust Company, a Massachusetts chartered trust company (FMTC), and Fidelity Investments Canada ULC, a non‐US company (FIC). Investment services are provided by PGA LLC, PGATC and/or FMTC.

Edited by: Erin Kello

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