Withdrawal of Indicative Offer for the London Stock Exchange Plc ("The London Stock Exchange" Or "The LSE")

Withdrawal of Indicative Offer for the London Stock Exchange plc ("the London Stock Exchange" or "the LSE")

NEW YORK, March 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- In connection with the announcement made on March 10, 2006 by The Nasdaq Stock Market, Inc. ("NASDAQ") that it had submitted an indicative offer proposal to the London Stock Exchange, NASDAQ announced today that it no longer intends to make an offer for the LSE. In its announcement, NASDAQ reserved the right, under certain circumstances, to announce an offer or possible offer or make and participate in an offer or possible offer for the LSE and/or take any other action which would otherwise be restricted under The City Code on Takeovers and Mergers.

Greenhill & Co. International LLP ("Greenhill & Co."), which is regulated by the Financial Services Authority, is acting for NASDAQ in connection with its potential acquisition of the LSE and for no one else and will not be responsible to anyone other than NASDAQ for providing the protections afforded to customers of Greenhill & Co. nor for providing advice in relation to this potential transaction.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. NASDAQ cautions 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, NASDAQ's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ's annual report on Form 10- K, and periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. NASDAQ undertakes no obligation to update these forward-looking statements.

SOURCE The Nasdaq Stock Market, Inc. ("NASDAQ")

Enquiries: NASDAQ corporate communications: Bethany Sherman, Tel: +1-(212)-401-8714; Gavin Anderson & Company, Richard Constant, Tel: +44-(0)20-7554-1403/1405; Greenhill & Co. International LLP, Simon Borrows, Tel: +44-(0)20-7440-0400 http://www.prnewswire.com