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Friday 26 January, 2007

NASDAQ Stock Market

Extension of Final Offers

NASDAQ Stock Market, Inc. (The)
26 January 2007


                             FOR IMMEDIATE RELEASE


  THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
                              AUSTRALIA OR CANADA


                              FINAL CASH OFFERS *

                                     BY

                        NIGHTINGALE ACQUISITION LIMITED

          (A WHOLLY OWNED SUBSIDIARY OF THE NASDAQ STOCK MARKET, INC.)

            FOR THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF

                        LONDON STOCK EXCHANGE GROUP PLC


                        FINAL EXTENSION OF FINAL OFFERS


The Board of The Nasdaq Stock Market, Inc. ('NASDAQ') announces that its Final
Offers for London Stock Exchange Group plc ('LSE') have been extended and will
remain open for acceptance until 1.00 p.m. (London time) on Saturday 10 February
2007, being the last time and possible date allowed under the Code. No further
extension will be possible unless the Final Offers are unconditional as to
acceptances at that time *.

As at the date of this announcement Nightingale Acquisition Limited ('NAL'), a
wholly owned subsidiary of NASDAQ, owns 61,291,389 LSE Ordinary Shares,
representing approximately 28.75 per cent. of the existing issued ordinary share
capital of LSE.

As at 3.00 p.m. (London time) on 26 January 2007, being the second closing date,
valid acceptances have been received by NAL in respect of a total of 1,322,193
LSE Ordinary Shares, representing approximately 0.62 per cent. of the existing
issued ordinary share capital of LSE and 34,626, LSE B Shares, representing
approximately 0.44 per cent. of the existing issued B share capital of LSE.

Accordingly NAL owns, or has received valid acceptances in respect of, a total
of 62,613,582 LSE Ordinary Shares representing approximately 29.37 per cent. of
the existing issued ordinary share capital of LSE.

Save as disclosed in the Offer Document and above, neither NAL, NASDAQ, nor, so
far as NAL and NASDAQ are aware, any person acting in concert with either of
them, is interested in or has any rights to subscribe for any LSE Shares, nor
does any such person have any short position or any arrangement in relation to
LSE Shares **.

LSE Shareholders are urged to accept the Final Offers as you, rather than the
LSE Board, will determine whether the Final Offers will be implemented.

LSE Shareholders who have not yet accepted the Final Offers and who hold LSE
Shares in certificated form (that is, not through CREST) should complete, sign
and return the relevant Form(s) of Acceptance in accordance with the
instructions thereon and the instructions in the Offer Document as soon as
possible and, in any event, so as to be received no later than 1.00 p.m. (London
time) on Saturday 10 February 2007.

LSE Shareholders who have not yet accepted the Final Offers and who hold LSE
Shares in uncertificated form (that is, through CREST), should submit a TTE
instruction in accordance with the instructions in the Offer Document for
settlement as soon as possible and, in any event, by no later than 1.00 p.m.
(London time) on Saturday 10 February 2007.

Copies of the Offer Document, the First Response Document, the Second Response
Document and Forms of Acceptance are available for collection (during normal
business hours only) from Capita Registrars, The Registry, 34 Beckenham Road,
Beckenham, Kent BR3 4TU, United Kingdom and Greenhill & Co. International LLP at
Lansdowne House, 57 Berkeley Square, London W1J 6ER, United Kingdom. The Offer
Document, the First Response Document and the Second Response Document are also
available on www.nasdaq.com.

Save as defined above, capitalised terms used in this announcement have the same
meaning as in the Offer Document dated 12 December 2006, the First Response
Document dated 8 January 2007 and the Second Response Document dated 23 January
2007.

* The Final Offers will not be revised or extended except that NAL reserves the
right to revise or extend the Final Offers if a firm intention to make a
competing offer for LSE is announced, whether or not subject to any
preconditions, or to extend the Final Offers in circumstances permitted by the
Panel.

** For these purposes: 'arrangement' includes any agreement to sell or any
delivery obligation or right to require another person to purchase or take
delivery and borrowing and lending of LSE Shares. An 'arrangement' also includes
any indemnity or option arrangement, any agreement or any understanding, formal
or informal, of whatever nature, relating to LSE Shares which may be an
inducement to deal or refrain from dealing in such securities; and 'interest'
includes any long economic exposure, whether conditional or absolute, to changes
in the prices of securities and a person is treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

ENQUIRIES

The Nasdaq Stock Market, Inc.                   Tel: +1 (212) 401 8714
Bethany Sherman                                 +1 (917) 836 1724

Greenhill & Co. International LLP               Tel: +44 (0)20 7198 7400
(lead financial adviser to NASDAQ and NAL)
Simon Borrows
Richard Hoyle

Dresdner Kleinwort Securities Limited           Tel: +44 (0)20 7623 8000
(broker to NASDAQ and NAL)
Angus Kerr
Alex Reynolds

Gavin Anderson & Company                        Tel: +44 (0)20 7554 1403 / 1405
(PR adviser to NASDAQ and NAL)                                            
Richard Constant


Greenhill & Co. International LLP, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
NASDAQ and NAL and for no-one else in connection with the Final Offers and will
not be responsible to anyone other than NASDAQ and NAL for providing the
protections afforded to clients of Greenhill & Co. International LLP or for
giving advice in relation to the Final Offers.

Dresdner Kleinwort Securities Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
NASDAQ and NAL and for no-one else in connection with the Final Offers and will
not be responsible to anyone other than NASDAQ and NAL for providing the
protections afforded to clients of Dresdner Kleinwort Securities Limited or for
giving advice in relation to the Final Offers.

This announcement does not constitute an offer to sell or an invitation to
purchase any securities or the solicitation of an offer to buy any securities,
pursuant to the Final Offers or otherwise. The Final Offers are being made
solely by the Offer Document and, in respect of shares held in certificated form
(that is, not through CREST), the Forms of Acceptance accompanying the Offer
Document, which contain the full terms and conditions of the Final Offers,
including details of how the Final Offers may be accepted.

Unless otherwise determined by NAL, the Final Offers are not being, and will not
be, made, directly or indirectly, in or into or by the use of the mails of, or
by any means or instrumentality (including, without limitation, facsimile
transmission, telex, telephone or e-mail) of interstate or foreign commerce of,
or by any facilities of a national securities exchange of, Australia or Canada
or any jurisdiction where to do so would violate the laws of that jurisdiction
and will not be capable of acceptance by any such use, means, instrumentality or
facility or from within Australia or Canada or any such jurisdiction.
Accordingly copies of this announcement are not being, and must not be, directly
or indirectly, mailed or otherwise forwarded, distributed or sent in, into or
from Australia or Canada or any such jurisdiction, and persons receiving this
announcement (including, without limitation, custodians, nominees and trustees)
must not mail or otherwise distribute or send it in, into or from such
jurisdiction as doing so may invalidate any purported acceptance of the Final
Offers. Any person (including, without limitation, any custodian, nominee or
trustee) who would, or otherwise intends to, or who may have a contractual or
legal obligation to forward this announcement and/or the Offer Document and/or
any related document to any jurisdiction outside the United Kingdom and the
United States should inform himself of, and observe, any applicable legal or
regulatory requirements of that jurisdiction.

In accordance with the City Code, normal United Kingdom market practice, and
subject to applicable regulatory requirements and pursuant to exemptive relief
granted by the US Securities and Exchange Commission from Rule14e-5 under the US
Securities Exchange Act of 1934, (i) Dresdner Kleinwort Securities Limited and/
or its affiliates will continue to act as connected exempt principal traders in
LSE Shares on the London Stock Exchange and may from time to time make certain
purchases of, or arrangements to purchase, LSE Shares or futures contracts or
indices over LSE Shares outside the United States, other than pursuant to the
Final Offers, before or during the period in which the Final Offers remain open
for acceptance, and (ii) NAL, its affiliates, or their respective nominees or
brokers (acting as agents), may from time to time make certain purchases of, or
arrangements to purchase, LSE Shares outside the United States, other than
pursuant to the Final Offers, before or during the period in which the Final
Offers remain open for acceptance. These purchases may occur either in the open
market at prevailing prices or in private transactions at negotiated prices.
These purchases, or arrangements to purchase, shall comply with applicable rules
in the United Kingdom, including the City Code, the rules of the UK Listing
Authority and the rules of the London Stock Exchange and applicable US
securities laws (except to the extent of any exemptive relief granted by the US
Securities and Exchange Commission from Rule 14e-5). Any information about such
purchases will be disclosed as required in the United Kingdom pursuant to the
City Code and will be available from the Regulatory Information Service of the
UK Listing Authority and will be available in the United States at
www.nasdaq.com.

The NAL Directors and the NASDAQ Directors accept responsibility for the
information contained in this announcement, save that the only responsibility
accepted by them in respect of information in this announcement relating to LSE,
which has been compiled from public sources, is to ensure that such information
has been correctly and fairly reproduced and presented. Subject as aforesaid, to
the best of the knowledge and belief of the NAL Directors and the NASDAQ
Directors (each of whom has taken all reasonable care to ensure that such is the
case), the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.




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            The company news service from the London Stock Exchange
                                                      

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