Tatsuyuki Saeki Retires as Nasdaq Japan Chairman and CEO, Appointed Special Advisor to The Nasdaq Stock Market

On May 31st, 2002, Nasdaq Japan today announced Tatsuyuki Saeki will retire as Chairman and CEO of Nasdaq Japan, and take up a new role as Special Advisor to The Nasdaq Stock Market. Saeki will advise Nasdaq on issues relating to international business development for the Japan market.

In his groundbreaking work as the founding CEO of Nasdaq Japan, Saeki brought widespread recognition to the new company, both within Japan and around the world. During his tenure, Nasdaq Japan grew from an idea in the eyes of its founding partners to a force for change in the Japanese financial markets, encompassing 95 listings and achieving the respect of major market participants.

Former chairman of The Nasdaq Stock Market, Frank Zarb, praised Saeki's contribution to the worldwide Nasdaq franchise, saying "Ted Saeki has played a key role in expanding Nasdaq's global footprint, and in the growth and achievement of Nasdaq Japan. He has made a unique and valuable contribution to broadening Nasdaq's perspective on international growth."

In January 2000, Saeki was appointed CEO of Nasdaq Japan Planning and after the launch of Nasdaq Japan in June, 2001, he continued as CEO, gathering listings and garnering a 25% market share among new IPOs in competitive marketplace.

Nasdaq Japan's President Yoshiro Katsuya thanked Saeki as follows: "I would like to extend my appreciation and the appreciation of all the employees of Nasdaq Japan for the excellent efforts of Ted Saeki to the growth of the Nasdaq Japan market. We look forward to Ted's continued contribution to Nasdaq Japan from a different perspective from his new vantage point as special advisor to our parent company, The Nasdaq Stock Market.

Nasdaq is the world’s largest stock market. With nearly 4,000 companies, Nasdaq lists more companies and trades more shares per day than any other U.S. market. Over the past five years, Nasdaq has outpaced all other U.S. markets in listing IPOs. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology industries. With operations on three continents, Nasdaq is a key driver of global capital formation. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom ^SM at www.nasdaq.com/newsroom.

Nasdaq Japan, Inc., which provides marketing and system development for the Nasdaq Japan Market, is a private, for-profit organization owned by The Nasdaq Stock Market, Softbank Corp., and thirteen leading securities firms. The Nasdaq Japan Market is an independent section of the Osaka Securities Exchange and celebrated its first day of trading on 19 June 2000. With 22 months elapsed since its inception, the market now has 95 companies listed. For more information, please visit www.nasdaq-japan.com.