New York, NY, October 8th, 2004 — The NASDAQ Stock Market, Inc. ("NASDAQ^® "; OTCBB: NDAQ), today announced that it will take part in the Global Summit of Stock Exchanges on October 13th 2004, as well as other discussion forums at the 2004 China Hi-Tech Fair in Shenzhen, China.

“NASDAQ has attended the China Hi-Tech Fair for the past four years and we are pleased to be back again this year,” said Mr.Stuart Patterson, NASDAQ’s Senior Managing Director for Asia Pacific. “A NASDAQ listing provides Chinese companies with access to what we believe is the fairest, fastest and most transparent market in the world. NASDAQ is proud of its unrivalled pedigree with the technology sector. We are delighted to share our experience and expertise with participants of the China Hi-Tech Fair.”

Mr. Patterson noted that five new Chinese companies have listed on NASDAQ this year alone, making a total of 11 Chinese companies listed on NASDAQ. Further listings are expected during the remainder of the year.

Mr. Patterson’s participation at this year’s China Hi-Tech Fair marks NASDAQ’s second visit to China in recent weeks, following speaking engagements in September at the China International Fair for Investment and Trade (CIFIT) in Xiamen and at the World Economic Forum’s China Business Summit in Beijing.

NASDAQ is the largest U.S. electronic stock market. With approximately 3,300 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, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom^SM at www.nasdaq.com/newsroom.