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National Stock Exchange Names Andrew B. Bernard And Dennis C. Cuneo To Board Of Directors

Date 17/01/2007

National Stock Exchange(R), Inc. (NSX(SM)) today announced the appointment of Andrew B. Bernard, Jack Byrne Professor of International Economics at the Tuck School of Business at Dartmouth College, and Dennis C. Cuneo, former Senior Vice President of Toyota Motor North America, as Independent Directors on NSX's Board of Directors.

Professor Bernard has been on the faculty at Tuck School of Business since 1999. He is Senior Associate Director of the Center for International Business at Tuck. In addition, he is a Research Associate for the National Bureau of Economic Research, as well as for the Institute for Fiscal Studies in London, the Centre for Economic Performance at the London School of Economics, and the Industrial Performance Center at MIT. His research has been published in top academic journals and featured extensively in major broadcast and print media. Before joining the faculty at Tuck, he taught at the Yale School of Management and MIT. He holds an AB from Harvard University and a PhD in Economics from Stanford University.

Mr. Cuneo was the second highest-ranking executive of Toyota's Holding Company for its North American operations. He was one of Toyota's first American executives and played a key role in the launch of its manufacturing operations in North America. As Senior Vice President, he was in charge of Administration, Corporate Communications, Industry and Government Relations, Legal, Planning, Research and the Latin American Group. He also served as Chief Environmental Officer and Corporate Secretary. He is currently a Partner with the Washington D.C. law firm of Arent Fox, where he worked as an Associate prior to his 22-year career with Toyota. Before that, he was an attorney with the Antitrust Division of the U.S. Department of Justice. He holds an MBA from Kent State University and a JD from Loyola University, New Orleans.

Joseph Rizzello, NSX CEO and Chairman of the Board of NSX Holdings, Inc., said, "We are at a significant juncture in this Exchange's history, amid a backdrop of a dramatically changing industry. The addition of these distinguished Directors to NSX's Board is a tremendous asset as we enter this new era."

Donald L. Calvin, NSX Chairman of the Board, said, "NSX welcomes these two accomplished individuals to our Board of Directors. We value their depth of experience and their insights as we continue to execute our business strategy and grow our business."