London Stock Exchange Rejects Nasdaq's Offer

The Board of London Stock Exchange Group plc rejects Nasdaq's (Nasdaq: NDAQ) final offer to acquire the Company for 1243p per share in cash. The Board firmly believes that the proposal, which represents only a 2 per cent premium to the market price at the close of business on 17 November 2006, substantially undervalues the Company and fails to reflect its unique strategic position andthe powerful earnings and operational momentum of the business.