Global Communications Player Marconi plc Lists Shares On Nasdaq

The Nasdaq Stock Market, Inc., announced that shares of U.K.-based Marconi plc, a leading global communications and information technology (IT) company, began trading on Nasdaq® today under the symbol Nasdaq:MONI. The company, whose shares are also listed on the London Stock Exchange and whose American Depositary Receipts were previously traded on the Over-the-Counter Market (OTC), has the largest market capitalization (as of October 11, 2000) of all the U.K. companies listed on The Nasdaq Stock Market®. Marconi is the 54th U.K. company to list.

"We are pleased today to welcome Marconi plc to our family of innovative and exciting companies that compose the Nasdaq market," said Frank Zarb, Chairman and CEO, Nasdaq. "Marconi is a leader in the field of global communications and information technology and is a prime example of the type of companies on Nasdaq that are having a remarkable impact in the new economy." This year, The Nasdaq Stock Market has added over 100 non-U.S. companies to its roster. To date, it has over 484 international listings, more than any other stock market in the U.S.

Commenting on the listing, George Simpson, Chief Executive of Marconi plc, said, "Today's listing on Nasdaq is an important milestone for Marconi's employees, customers and investors. Marconi's U.S. operations already contribute over 40 percent of group revenues and are central to our ambitions. Today's listing simply underlines our commitment to the U.S. market and the great opportunities it represents."

Marconi plc is a global communications and IT company with around 49,000 employees world-wide and sales in over 100 countries. It supplies advanced communications solutions and key technologies and services for the Internet.

The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other market in the world. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (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.comSM or the Nasdaq NewsroomSM at www.nasdaqnews.com.