Nasdaq Europe Connects Four New Members

Nasdaq Europe S.A/N.V SM announces that four major financial institutions have become operational members of the Nasdaq Europe market. They are Bear Stearns International, Dubus S.A., Madoff Securities International Ltd and Schroder Salomon Smith Barney. Madoff and Schroder Salomon Smith Barney are committed to making markets in Nasdaq Europe securities while Dubus and Bear Stearns are active brokers. Both Schroder Salomon Smith Barney and Madoff are strategic investors in Nasdaq Europe.

Nasdaq's unique structure in Europe provides members with access to a growing community of investment firms and banks while supporting members' efforts to profit from growing sectoral and cross-border investment opportunities.

Michael Sanderson, CEO of Nasdaq Europe said: "The involvement of these companies represents a significant step in the development of Nasdaq Europe as it works to build liquidity and market share in order to help realise Nasdaq's objective of building its presence in Europe. We look forward to welcoming more members to Nasdaq Europe in 2002."

Claude Dubus, Chairman and CEO of Dubus, S.A.,added, "We're expecting a great deal from Nasdaq Europe which we hope will act as a catalyst to consolidation between national bourses and encourage them to be truly European. We expect Nasdaq Europe to have a significant impact on the IPO market."