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National Stock Exchange Names Michael A. Watkins Senior Vice President, General Counsel And Secretary

Date 23/03/2006

Stock Exchange (NSX(SM)) today announced the appointment of Michael A. Watkins as Senior Vice President, General Counsel and Secretary of the Exchange. In this capacity, he will be responsible for providing strategic legal counsel and support to the management, board of directors and committees of NSX.

Mr. Watkins holds a J.D. degree from Columbia University School of Law and an A.B. from Princeton University. He began his career in 1980 in Washington, DC as a staff lawyer at the Securities and Exchange Commission, Division of Market Regulation, and later at the Commodity Futures Trading Commission, Division of Trading and Markets.

Prior to joining NSX, Mr. Watkins served as Senior Vice President and Deputy General Counsel for Wachovia Corporation. His career history also includes positions as Vice President and Senior Counsel at Fleet Financial Group, Inc., and as a corporate attorney for the New England law firm, Day, Berry & Howard, LLP.

"NSX is fortunate to have found someone of Michael Watkins' caliber," said NSX CEO and President David Colker. "Michael brings a comprehensive depth of knowledge about the securities industry. His legal and industry expertise will be invaluable to NSX as we move forward."

National Stock Exchange, the nation's first all-electronic stock exchange, is the low-cost provider of exchange services. Having replaced its physical trading floor with a completely automated market in 1980, NSX has been a model of exchange efficiency and a driving force for change in the world of securities exchanges. Founded in 1885, NSX continues to lead the way in exchange innovation. For more information, visit NSX's website at http://www.nsx.com .