NASDAQ Announces Review Of Alternatives To Divest Its Stake In The London Stock Exchange Group plc

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) announced today that its Board of Directors has authorized the company to explore alternatives to divest its approximately 31% stake (61.3 million shares) in the London Stock Exchange Group plc (LSE). NASDAQ has retained J.P. Morgan Securities Inc. and UBS Investment Bank to assist in its review of sale alternatives.

In making the announcement, NASDAQ stated its belief that its current stock price does not adequately reflect the value of its stake in the LSE. NASDAQ will use approximately $1 billion of proceeds from any sale to retire senior term debt and intends to use the remainder to repurchase shares. NASDAQ estimates that selling the stake would increase its stand-alone earnings per share for 2008 by approximately $0.30 to $0.35.

There can be no assurance that the exploration of sale alternatives for the stake will result in any transaction. NASDAQ undertakes no obligation to make any further announcements regarding the exploration of sale alternatives. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire any shares in the capital of London Stock Exchange Group plc or NASDAQ.