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NASDAQ Names New Head Of Government Relations

Date 09/12/2003

The Nasdaq Stock Market, Inc. ("NASDAQ"; OTCBB: NDAQ), today announced the appointment of James L. Johnson as Vice President and Head of the Office of Government Relations. Mr. Johnson joins NASDAQ from AT&T and will be based in NASDAQ's Washington, D.C. office reporting to Edward Knight, Executive Vice President and General Counsel, The NASDAQ Stock Market.

Mr. Johnson will be responsible for the day-to-day operation of NASDAQ's government affairs department and for leading legislative affairs and lobbying efforts on Capital Hill. Mr. Johnson replaces Dan Crowley.

"J.J. Johnson joins NASDAQ's Office Of Government Relations during a critical time for the capital markets and market structure reform. J.J's background as a strategic leader and congressional affairs expert will ensure that NASDAQ's voice is heard in Washington public policy debates," commented Ed Knight, Executive Vice President.

Before joining NASDAQ, Mr. Johnson was Vice President, Congressional Affairs, and Director, Federal Legislative Strategy at AT&T, where he represented AT&T before U.S. Congress, Executive Branch, and other policy makers. He also worked closely with trade associations, major think tanks, and interest groups as part of his advocacy for public policy positions.

Previously, Mr. Johnson practiced law at the law firm of Akin, Gump, Strauss, Hauer and Feld in the Washington, D.C., Public Law and Policy Section. He also served as the Deputy Director of Congressional Affairs at the Dole for President Committee in 1996.

Mr. Johnson received a Bachelor of Arts from Duke University and a J.D. from the Georgetown University Law Center.

With nearly 3,400 companies, NASDAQ (OTCBB; NDAQ) 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, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ NewsroomSM at www.NASDAQnews.com.