Important Update To Gemstar International Group Limited's Inclusion In The Nasdaq-100 Index

Due to Y2K preparedness efforts, The Nasdaq Stock Market® will accelerate the component change to the Nasdaq-100 Index® sooner than planned. Gemstar International Group Limited (Nasdaq:GMST) will become a component of the Nasdaq-100 Index, effective at the beginning of trading Thursday, December 30, 1999. 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 Nasdaq® . The previous announcement indicated that Gemstar would be included in the Nasdaq-100 Index effective January 3, 2000. 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 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.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.