New York and London — The Nasdaq Stock Market, Inc. ("NASDAQ"; OTCBB:NDAQ), the world's largest electronic stock market, announced today that it will reclassify its nearly 3,400 listed companies according to the FTSE Global Classification System (GCS) in all NASDAQ indices and associated data products. Working with global index provider FTSE Group, each NASDAQ-listed company will be analysed and reclassified according to the globally recognised FTSE system. This move will enable easier analysis of NASDAQ stocks by investors worldwide, and will simplify sector analysis.

Comprising 10 economic groups, 36 industrial sectors and 102 subsectors, the FTSE Global Classification System is used as a tool to create a detailed and comprehensive structure for sector analysis and investment globally. It is already the choice of a number of exchanges, investment houses and consultants in Europe, Africa and Asia.

Mark Makepeace, Chief Executive of FTSE Group said "The FTSE Global Classification System is fast becoming the definitive way to classify companies by the global investment community."

John Jacobs, Executive Vice President, Worldwide Marketing and Financial Products, said "NASDAQ is a truly global stock market, with 346 international security listings representing 36 nations. NASDAQ companies are innovative and diverse, with leaders in all business sectors, including retail, financial and technology. By adopting the FTSE Classification System, we align our stocks to the same classification guide as investors here and abroad. This is a positive step for our companies, our market makers and investors everywhere."

The FTSE Global Classification System is already used by the Athens, Cyprus, Egypt, Euronext, London and Madrid Stock Exchanges, the JSE Securities Exchange in South Africa, as well as Goldman Sachs, Hang Seng, HSBC, ING Barings, Merrill Lynch, Reuters and US-based investment consultants Frank Russell.

Full details of the FTSE Global Classification System can be found at www.ftse.com.

Notes to Editors

About NASDAQ

NASDAQ is the world's largest electronic stock market. With approximately 3,400 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ Newsroom^SM at www.nasdaq.com/newsroom

About FTSE

FTSE Group is a world-leader in the creation and management of indices. With offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco and Tokyo, FTSE Group services clients in 77 countries worldwide. It manages and develops globally recognised indices ranging from the FTSE All-World Index to the FTSE 100, the FTSE4Good indices and the recently launched FTSEurofirst Index Series. The company has collaborative arrangements with the Athens, Cyprus, Euronext, Johannesburg, London, Luxembourg, and Madrid exchanges, as well as with Nikkei of Japan (Nihon Keizai Shimbun, Inc) and Xinhua Financial Network of China.

FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indices to ensure that they are made objectively and without bias. Real-time FTSE indices are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.