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Nasdaq Appoints New Internal Auditor And Administrator - Market Continues To Build Finance Department As It Moves Towards Independent, Investor-Owned Status

Date 23/04/2002

The Nasdaq Stock Market, Inc. (Nasdaq®), today announced two significant personnel additions to its internal audit and finance departments. Brian O'Malley was appointed Senior Vice President and Internal Auditor, reporting to the Audit Committee of Nasdaq's Board of Directors and Richard Ketchum, President of Nasdaq. He is responsible for auditing all Nasdaq entities, including The Nasdaq Stock Market, Inc., Nasdaq Europe S.A./N.V and Nasdaq Japan, Inc. Josephine Misyak was appointed Vice President of Administrative Services and is responsible for procurement, facilities management, real estate, and events and travel services. Misyak reports to David P. Warren, Chief Financial Officer.

"These appointments represent high-quality additions to our management team, as Nasdaq continues its evolution into an independent, investor-owned company," said Warren. "Brian's vast experience in systems, control and accounting will serve us extremely well. Josephine brings a new level of innovation and expertise to administrative services. We are fortunate to have these particularly qualified professionals come on board."

O'Malley comes to Nasdaq from First USA Bank, where he had been employed since 1998. He served as Senior Vice President in charge of the information security program. O'Malley holds a B.S. in Accounting from Saint Vincent College and an M.S. in Information Systems from George Mason University.

Before joining Nasdaq, Misyak was Vice President of Strategic Sourcing and Procurement for Genuity Solutions, Inc.; Vice President of Corporate Services for Sharp Electronics Corporation and Vice President of Purchasing/Contract Administration for Chase Manhattan Bank. She received her B.A. from Saint Peter's College and is an active member of the Greater Boston National Association of Purchasing Management.

Nasdaq is the world's largest stock market. With more than 4,000 companies, Nasdaq lists more companies and trades more shares per day than any other U.S. market. Over the past five years, Nasdaq has outpaced all other U.S. markets in listing IPOs. It is also home to category defining companies that are leaders across all areas of business including technology, retail, communications, transportation, media and healthcare industries. With operations on three continents, Nasdaq is a key driver of global capital formation. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.