NEW YORK, N.Y.—The NASDAQ Stock Market, Inc. today announced changes to its representation on the NASDAQ Deutschland Supervisory Board. At a meeting of shareholders held on 17th July, David Warren, Executive Vice President and Chief Financial Officer, joined the Board and replaced John Hilley, who has decided to leave NASDAQ at the end of July to pursue other professional opportunities.

Christopher Concannon, Executive Vice President, also joined the Board, following Rick Ketchum's departure in June.

At a meeting of the NASDAQ Deutschland Supervisory Board on 21st July, David Warren was appointed Chairman

Notes to Editors:

NASDAQ Deutschland offers an efficient, high quality execution platform for German retail order flow. Market participants benefit from an open architecture model, NASDAQ SuperMontage Europe, which provides competitive pricing and improved liquidity for both German and international stocks. Further information on NASDAQ Deutschland is available on www.nasdaqdeutschland.de