Pride International, Inc. (“PDE/PDE1C/PDE2C)
Anticipated Merger with
AMB Property Corporation (AMB)

Attached, for your information is an important memo from the Options Clearing Corporation.

We urge you to read this (see link) and distribute to others within your organization you deem appropriate.

http://www.theocc.com/components/docs/market-data/infomemos/2011/may/28925.pdf
If clicking on the link above does not work, then copy and paste into your browser.

Key Information:
PDE1C changes to PDE2C Anticipated on 6/1/11??
PDE2C OCX Code PDE2
PDE1D changes to PDE2D Anticipated on 6/1/11??
PDE2D OCX Code PDED2
PLD1C and PDE1D Standard (100 Shares) Will not be reintroduced
GTC Order Handling* Handled by Firm

* Member firms must determine and make adjustments to GTC orders terms to meet their clients’ objectives and cancel or cancel/replace orders as appropriate.