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Wick Simmons, Chairman & CEO
Rick Ketchum, President & Deputy Chairman
Edward S. Knight, Executive Vice President & General Counsel
John Markese, President, American Association of Individual Investors and Nasdaq board member

The media is invited to participate in a telephone press conference led by Mr. Simmons, who will discuss corporate governance reform proposals approved by the Nasdaq Board of Directors.

Thursday, July 25, 2002 12 Noon U.S. Eastern Time


Phone: (888) 458-4796 (U.S.)
(773) 799-3248 (International)
Leader: Wick Simmons
Password: Reform

A press release outlining the reform proposals will be posted on the Nasdaq Newsroom Web site for reporters, www.nasdaq.com/newsroom, on Thursday morning at approximately 9:30 a.m.