NYSE Welcomes Eaton Vance Tax-Managed Diversified Equity Income Fund.

- Largest NYSE Domestic IPO of 2006

- Largest Closed-End Fund IPO in the history of the U.S. equities markets

- 17(th) Closed-End fund to list in 2006

NEW YORK -- Today, the New York Stock Exchange, a subsidiary of NYSE Group, Inc., (NYSE: NYX) welcomed its largest initial public offering of 2006 when it listed the common shares of closed-end fund, Eaton Vance Tax-Managed Diversified Equity Income Fund. The fund issued 131 million shares at an initial price of $20 per share, resulting in gross proceeds of $2.62 billion (exclusive of the underwriters' overallotment shares) making it the largest closed-end fund initial public offering in history. The Fund began trading today on the New York Stock Exchange under the ticker symbol "ETY."

Chairman and CEO James B. Hawkes commented, "We are delighted with the overwhelming reception of the fund by investors and are proud to have our stock listed on the New York Stock Exchange."

"We are pleased to welcome the Eaton Vance Tax-Managed Diversified Equity Income Fund to our family of NYSE-listed companies," said NYSE Group, Inc. President and co-COO Catherine R. Kinney. "We look forward to a continued partnership with Eaton Vance Corp. and providing its shareholders with an efficient trading platform and superior market quality."

To celebrate this special occasion, Eaton Vance Corp. Chairman and CEO James B. Hawkes rang today's Opening Bell.

Other recent significant IPOs include: MasterCard Incorporated (NYSE: MA) which raised $2.399 billion, Douglas Emmett, Inc. (NYSE: DEI) which raised $1.386 million and Hertz Global Holdings, Inc. (NYSE HTZ) which raised $1.323 billion.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund seeks to earn high levels of tax-advantaged income and gain by investing in a diversified stock portfolio that emphasizes stocks paying qualified dividend income and by writing (selling) stock index call options with respect to a portion of its stock portfolio value.

About Eaton Vance Corp.

Eaton Vance Corp., a Boston-based investment management firm, is listed on the New York Stock Exchange under the symbol EV. Through its subsidiaries, Eaton Vance Corp. and its subsidiaries managed $128.9 billion in assets as of October 31, 2006. Eaton Vance is an adviser and distributor of investment companies and separate accounts for individual and institutional clients.

About NYSE Group, Inc.

NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the "NYSE") and NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx[R], and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.

The NYSE is the world's largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies' common stock and other securities. On September 30, 2006, the operating companies listed on the NYSE represented a total global market capitalization of $23.0 trillion.

NYSE Arca operates NYSE Arca, Inc., the first open, all-electronic stock exchange in the United States , and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca's trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.

NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.

For more information on NYSE Group, go to: www.nyse.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group's current expectations and involve risks and uncertainties that could cause NYSE Group's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group's results to differ materially from current expectations include, but are not limited to: NYSE Group's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group's Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct. NYSE Group undertakes no obligation to release any revisions to any forward-looking statements.