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Key Nasdaq-Europe appointment announced

Date 03/04/2000

The Nasdaq Stock MarketĀ® today announces the promotion of Charles Balfour to Senior Managing Director for Global Sales. In his new capacity Balfour will take on the responsibilities for Nasdaq-Europe in addition to his current role for Nasdaq International. Nasdaq-Europe, the new pan-European stock market is scheduled to begin operating in early 2001.

Balfour will report to John Hilley, Chairman and Chief Executive of Nasdaq International "Charles has done tremendous work for Nasdaq International as we have built our presence, profile and influence beyond the US market. It is critical that Nasdaq-Europe launches with the right people in the key positions and I have no doubt that Charles will play a leading role in the success of Nasdaq-Europe." said Hilley, announcing the appointment.

Charles Balfour is currently a Senior Vice President of The Nasdaq Stock Market, Inc., and Managing Director of Nasdaq International, Ltd, assisting non-U.S. companies listing on The Nasdaq Stock Market and providing international investor relations services to Nasdaq's US Issuers. Before joining Nasdaq in 1993, Balfour was an Director of Banque Paribas, responsible for a broad range of corporate finance activities. Balfour started his career in the City at Hoare Govett the London brokers now ABN AMRO, followed by positions with Hill Samuel capital markets division and Dillon Read.