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NASDAQ STOCKHOLM WELCOMES GARO TO THE MAIN MARKET

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Stockholm, March 16, 2016 — Nasdaq (Nasdaq: NDAQ) announced that GARO AB (short name: GARO), a small cap company within the industrial sector, has started trading of its shares on the main market of Nasdaq Stockholm. GARO is the 7th company to list at Nasdaq’s Nordic markets* in 2016.

Founded in 1939, GARO is a manufacturing company offering a wide range of products for the electrical installations market. Operations are conducted in Sweden, Norway, Finland, Ireland and Poland, and the Group is organized in two business units: GARO Sweden and GARO other markets. Headquartered in Gnosjö, Sweden, GARO and its subsidiaries currently employ around 260 people. For more information, please visit www.garo.se.

“We welcome our new shareholders and are very positive about the growth opportunities that the listing of the company will enable,” said Stefan Jonsson, CEO of GARO AB. “Members of the management team and the Board of directors look forward to continue our journey as a listed company and continue to create value for both existing and new shareholders.”

“We welcome GARO to the Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “GARO joins our strong and vibrant industrial sector, and we look forward to supporting them in their continued journey as a publicly traded company.”

*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of over $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Media Relations Contact
Erik Granström
+46 73 449 78 07
erik.granstrom@nasdaq.com

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