NASDAQ To Host Its 14th Investor Program On February 23rd In Tokyo, In Association With Morgan Stanley

The Nasdaq Stock Market, Inc. (“NASDAQ^®”; NASDAQ: NDAQ) has announced that it will host its 14th Investor Program on February 23, 2005 in Tokyo. The program is held in association with Morgan Stanley. This continues the long-running program to bring important NASDAQ-listed companies to the attention of Japan’s institutional investors.

The planned line-up of companies for the conference includes:

Celgene Corporation (CELG)
Check Point Software Technologies Ltd. (CHKP)
Cisco Systems, Inc. (CSCO)
Intel Corporation (INTC)
Juniper Networks, Inc. (JNPR)
Millicom International Cellular S.A. (MICC)

NASDAQ has hosted investor programs in Asia and Europe for its listed companies since 1995, reflecting the importance of Japanese investors in the global investment community and the strong interest amongst Japanese institutional investors in US-listed companies.

The conference will be webcast live on the NASDAQ Investor Centre (http://investors.nasdaq.com)from 0900 – 1500 local time. Members of the media wishing to attend the conference should register by completing and returning the attached fax reply form.

NASDAQ^® is the largest electronic screen-based equity securities market in the United States. 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 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. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.