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NASDAQ Announces Resignation Of Steve Randich

Date 30/11/2005

The Nasdaq Stock Market, Inc. (“NASDAQ”; NASDAQ: NDAQ) announced today that it has been informed by Steve Randich, Executive Vice President Operations and Technology and Chief Information Officer, of his decision to leave the company effective December 9. Mr. Randich has accepted the position of Chief Information Officer, Corporate and Investment Banking, at Citigroup. NASDAQ Senior Vice President Anna M. Ewing will take on Mr. Randich’s responsibilities.

“Steve has made many significant contributions to NASDAQ over the last five years,” said Bob Greifeld, president and chief executive officer of The Nasdaq Stock Market. “I am particularly grateful for Steve’s work over the course of my tenure, which has included the development of NASDAQ’s aggressive technology roadmap; the retirement of legacy systems; the quick and smooth integration of the Brut ECN; the rollout of our Opening and Closing Crosses; work on the INET transaction, and most importantly, significantly improving the efficiency, speed and quality of our market.”

Randich joined NASDAQ in 2000 as chief technology officer and in 2001 was appointed chief information officer, responsible for all technology development and data center and network operations.