NASDAQ and Governor Bush Launch Educational Programs With First Serve at NASDAQ-100 Open Initiative Introduces Stock Market Game and Entrepreneurship Education to First Serve Inner-City After-School Effort

Miami, FL– The NASDAQ Educational Foundation, Governor Jeb Bush and NASDAQ-100 Open Tournament Chairman Butch Buchholz today announced a pilot program that will introduce inner-city youth to stock market investing and entrepreneurship during the NASDAQ-100 Open, which takes place at the Tennis Center at Crandon Park from March 19 to 30. Working with two of its premier grant recipients—the Securities Industry Foundation for Economic Education (SIFEE) and the National Foundation for Teaching Entrepreneurship (NFTE)—the NASDAQ Educational Foundation will bring "The Stock Market Game" and NFTE "BizTech" programs to First Serve. First Serve is a U.S. Tennis Association initiative designed to provide inner-city children with a safe and nurturing after-school environment that combines academics with tennis. The NASDAQ pilot program will be instituted with First Serve at the Ashe-Buchholz Tennis Center in Moore Park. "NASDAQ and the NASDAQ Educational Foundation strongly believe that the most important currency for our children is knowledge," said Edward Knight, Chief Public Policy Officer and General Counsel of The Nasdaq Stock Market, Inc. "Through First Serve in partnership with NFTE and SIFEE, we have created programs that combine athletics and education during the after school hours to help instill the fundamentals of business and investing in our nation's future leaders." "First Serve is a model program that not only teaches our youth how to play tennis, but also provides them with access to quality after-school programs," said Governor Jeb Bush. "The program is unique because, in addition to tennis lessons, it provides our youth an education in computers, academics and mentoring which are the basic components of the initiative. By teaming up with NASDAQ, the program will teach young minds the value of hard work, and the importance of saving and investing. These are valuable skills that will help our youth achieve success." "We are proud to bring NASDAQ and First Serve together for a special program that will benefit the kids first and foremost," said Butch Buchholz, Chairman of the NASDAQ-100 Open Tournament. "Arthur Ashe and I looked at the Ashe-Buchholz Tennis Center as a way to provide inner-city youth with a safe place to play tennis and learn. The NASDAQ Educational Foundation has enhanced that experience with this initiative." During the tournament, NFTE (pronounced "nifty") will offer First Serve participants a specialized curriculum through an interactive, computer-based learning tool called BizTech, which was originally co-developed by NFTE with Microsoft, a NASDAQ-100 company. BizTech teaches students how to create a business plan and start and operate a business. At the end of the tournament, the young future entrepreneurs will demonstrate what they have learned in a roundtable discussion with the CEOs of several NASDAQ-100 companies. Meanwhile, SIFEE (pronounced "si-fee") will conduct a session of "The Stock Market Game," which introduces student participants to stock market basics by allowing them to buy and sell stocks in hypothetical portfolios. During the two weeks of the NASDAQ-100 Open, students will compete based on the growth of their portfolios. Winners will receive prizes and be honored on court on Saturday, March 29th. Comcast, a NASDAQ-100 company, will provide high-speed Internet access for the computer room at the Ashe-Buchholz Center. In addition, representatives of the Court TV cable network will be on hand to introduce the network's science and social studies web-based curricula, Forensics in the Classroom and Choices and Consequences, which children can experience when visiting the Center.

Governor Bush, a major proponent of quality after-school programs and tennis enthusiast, announced the launch of First Serve in Tallahassee, Fla. last February. Joining Governor Bush, Mr. Knight and Mr. Buchholz for today's announcement were Michael J. Caslin, III, CEO and Executive Director of NFTE; Robert H. Strong, Executive Director of SIFEE; Laura Levine, Director of the NASDAQ Educational Foundation; Alan Schwartz, President, USTA; Tom Fetzer, Chief Executive, Community Tennis, USTA; Manny Diaz, Mayor of the City of Miami, Arthur Teele Jr., District Commissioner of the City of Miami; Dick Beahrs, President, Court TV; Tom Autry, Vice President and General Manager of Miami-Dade County & the Keys, COMCAST; and Christopher Clouser, Executive Vice President and Chief Global Marketing Officer/President, Burger King Brands, Inc. About the NASDAQ Educational Foundation The Nasdaq Stock Market Educational Foundation, Inc. is a non-profit organization that is engaged in promoting innovative thinking and learning about the role of capital formation and financial markets in a free enterprise system. Its goals are to further financial markets literacy, ensure new generations of well-informed investors and promote interest in financial careers. The Foundation is fully funded by The Nasdaq Stock Market, Inc. and awards approximately $2 million in grants annually to universities and educational non-profit organizations such as SIFEE and NFTE. About the Securities Industry Foundation for Economic Education SIFEE, an affiliate of the Securities Industry Association, has been educating students about the financial markets since 1977 through The Stock Market Game. SMG continues to teach young adults how to successfully save and invest their money and handle financial responsibilities. Since its inception, the program has helped to educate more than eight-million students about the American capital markets in grades four through 12. Each team is given a hypothetical $100,000 to "invest" over a 10-week period. Teachers are given supporting materials to assist them in incorporating the game into their curriculum.

About The National Foundation for Teaching Entrepreneurship NFTE's mission is to teach entrepreneurship to low-income young people, ages 11-18, so they can become economically productive members of society by improving their academic, business, technology, and life skills. It has gained recognition from leading educators throughout the country. Since its inception in 1987, NFTE has taught over 65,000 students how to start their own businesses. For more information about NFTE, please visit the website at www.nfte.com.

About The Nasdaq Stock Market, Inc. NASDAQ (OTCBB: NDAQ) is the world's largest electronic stock market. With approximately 3,600 companies, NASDAQ lists more companies and 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 industries. For more information about NASDAQ, visit the NASDAQ website at www.NASDAQ.com or the NASDAQ NewsroomSM at www.nasdaq.com/newsroom.

About the NASDAQ-100 Open The 19th NASDAQ-100 Open will be played March 19-30, 2003 at the Crandon Park Tennis Center. The tournament, founded by Butch Buchholz in 1985, is owned by IMG. The NASDAQ-100 Open, a Tennis Masters Series event on the ATP calendar and a top tier event on the WTA TOUR calendar, features the top men's and women's tennis players in the world. In 2002, Andre Agassi won his record-tying fifth NASDAQ-100 Open title by defeating Roger Federer in the final while Serena Williams defeated Jennifer Capriati in the women's final. Call (305) 442-3367 for tickets and more information or visit the website at www.NASDAQ-100open.com Media Contacts: Melissa Fox, NASDAQ (212) 858-5202 (917) 359-7834 Larry Koffler, Edleman (212) 704-8162 (917) 587-6888