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NASDAQ Expands Activities In Israel

Date 09/06/2004

The NASDAQ Stock Market, Inc. (“NASDAQ ®”; OTCBB: NDAQ) today announced the expansion of its international activities through the appointment of Amira Bardichev as its Director for Israel. Ms. Bardichev will be responsible for supporting the 70 Israeli companies listed on NASDAQ. In addition, she will work with companies seeking to list on NASDAQ. She reports to Charlotte Crosswell, who joined the company in March 2004 as Head of NASDAQ International. Previously, Ms. Bardichev served as Director for Emerging Markets at The London Stock Exchange.

Commenting on the appointment, Charlotte Crosswell, who is currently meeting with companies in Israel, said: “Israel is NASDAQ’s largest market in terms of listings outside North America. The appointment of a Hebrew-speaking Director, dedicated to the Israeli market, is a key part of our strategy to broaden and deepen our relationship with Israeli companies across all industry sectors. We are presently receiving increased levels of enquiries from Israeli companies, which are interested in listing on NASDAQ. Amira’s appointment will enable us to maintain our high standards of support to our existing listed companies whilst responding effectively to these new opportunities.

NASDAQ is the largest U.S. electronic stock market. 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 category-defining 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. Approximately 51% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom SM at http://www.nasdaqnews.com/.