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Instinet Announces Stock Migration Schedule

Date 09/01/2004

Instinet Group Incorporated (NASDAQ: INGP) today announced the implementation schedule for the rollout of securities that will complete the on-going consolidation of Instinet ECN and Island ECN books into a single liquidity pool branded INET. As a result, customers of Instinet, the Institutional Broker, will have the ability to trade these securities on the company's Continuous Block Crossing (CBX) and Proactive SmartRouter Technology.

"After much hard work, we are very excited about the positive benefits this migration will bring to our customers," said Edward J. Nicoll, chief executive officer, Instinet Group Incorporated. "INET subscribers will realize the advantage of two electronic marketplaces combined into one deep pool of liquidity, and Instinet, the Institutional Broker, will be able to offer its customers higher quality products and services."

The below schedule represents the dates that specific stock symbols will be migrated onto the INET platform and traded on Instinet CBX and Proactive SmartRouter.

As of Tuesday, January 20, 2004 - All stocks with symbols beginning with W-Z

As of Monday, January 26, 2004 - All stocks with symbols beginning with T-Z

As of Monday, February 2, 2004 - All stocks with symbols beginning with R-Z

As of Thursday, February 5, 2004 - All stocks with symbols beginning with L-Z

As of Monday, February 9, 2004 - All stocks with symbols beginning with A-Z