NASDAQ Announces New Ownership Structure For NASDAQ Insurance Agency

The Nasdaq Stock Market, Inc. (“NASDAQ®”; OTCBB: NDAQ) today announced it has completed the acquisition of a 50 percent ownership interest in The NASDAQ Insurance Agency from a wholly-owned subsidiary of American International Group, Inc., making The NASDAQ Insurance Agency a wholly owned subsidiary of The NASDAQ Stock Market. The transaction was effective on January 1, 2005. Purchase price and terms of the agreement were not disclosed.

The NASDAQ Insurance Agency, LLC is a full-service corporate insurance broker specializing in Directors and Officers liability insurance. Formed in 2000, the agency works with current and future NASDAQ-listed companies.

NASDAQ® is the largest electronic screen-based equity securities market in the United States. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.