Gemstar International Group Limited To Join The Nasdaq-100 Index Beginning January 3, 2000

Gemstar International Group Limited (Nasdaq:GMST), of the British Virgin Islands, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Monday, January 3, 2000. Gemstar will be the third non-U.S. company to be included in the Nasdaq-100 Index, joining LM Ericsson Telephone Company (Nasdaq:ERICY) and Global Crossing Ltd. (Nasdaq:GBLX). Shares of Gemstar will also be included in the Nasdaq-100 Index Tracking StockSM (Amex:QQQ). Gemstar will replace Qwest Communications International Inc., which is delisting from The Nasdaq Stock Market®. With a market capitalization of $13.1 billion, Gemstar develops, markets and licenses proprietary technologies and systems aimed at making technology user-friendly for consumers. Gemstar is a leading provider of electronic program guide services, which allow users to view a television program guide on screen, obtain details about a show, sort shows by themes or categories, and select shows for tuning or recording, all through the remote control. The Nasdaq-100 Index, launched in January 1985, has risen over 90 percent in 1999 alone, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of the Nasdaq-100 Index Tracking Stock . The Nasdaq-100 Index Tracking Stock is securities that represent ownership in the Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that compose the Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance. The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Current market capitalization is more than $5 trillion. Nasdaq is a subsidiary of the NASD, the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.