Nasdaq Announces Two-For-One Stock Split On Nasdaq-100 Index Tracking Stock (QQQ)

The Nasdaq Stock Market® today announced that the Board of Directors of Nasdaq Investment Product Services, Inc., the sponsor of the Nasdaq-100 Index Tracking StockSM (Amex: QQQ), has approved a two-for-one stock split. The payment date for the stock split will be March 17, 2000, payable to stockholders of record on February 28, 2000. "We are very pleased with the performance of QQQ since its launch last year. The price doubled in less than one year, which is a tribute to the performance of the companies within the Nasdaq-100®. In addition, we believe splitting the stock will make it more accessible to retail investors, thus allowing more participants to join in the success", stated John L. Jacobs, Senior Vice President of Nasdaq® and Executive Vice President of Nasdaq Investment Product Services. The Nasdaq-100 Index Tracking Stock began trading on March 10, 1999, and rose 79 percent in 1999. The Nasdaq-100 Index Tracking Stock represents ownership in the Nasdaq-100 Trust, which holds a portfolio of equity securities that comprise the Nasdaq-100 Index. The Trust's objective is to provide investment results that generally correspond with the performance of the Index at a ratio of 1/20. The Nasdaq-100 Index, launched in January 1985, rose over 101 percent in 1999. Past performance, however, is not necessarily indicative of future performance and Index performance does not represent the performance of the Nasdaq-100 Index Tracking Stock . 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 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.