NASDAQ Expands Activities In Russia

The Nasdaq Stock Market, Inc. (“NASDAQ®”; OTCBB: NDAQ) today announced the expansion of its international sales activities through the appointment of Paulina McGroarty as its Director for Russia. Ms. McGroarty, a native Russian, will be responsible for developing NASDAQ's business in Russia through the listing of Russian companies on NASDAQ and by servicing NASDAQ's existing client base. She reports to Charlotte Crosswell, who joined the company in March 2004 as Head of NASDAQ International. Ms. McGroarty has worked with Russian and EMEA companies for the past 8 years in various positions with Baring Asset Management and the Equity divisions of Lehman Brothers and Credit Lyonnais. She has a MSc. (Econ) from the London School of Economics and Bachelors Degree from Richmond College, an American University in London.

Commenting on the appointment, Charlotte Crosswell, who is currently meeting with companies in Moscow, said: “Russia is a market of great potential for NASDAQ. The appointment of a Russian-speaking Director, dedicated to the Russian market, is a key part of our strategy to broaden and deepen our relationship with Russian companies across all industry sectors. We are presently receiving increased levels of inquiries from Russian companies, which are interested in listing on NASDAQ. Paulina's appointment will enable us to maintain our high standards of support to our existing issuer base while 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 www.nasdaq.com or the NASDAQ NewsroomSM at www.nasdaq.com/newsroom.