Increased Market Shares and Improved Earnings for Third Quarter

NeoNet’s third quarter interim report 2005 shows increased market shares and continued improvements in earnings.

The operating revenues increased by 37 percent and amounted to SEK 62.6 m (SEK 45.5 m) for the third quarter and SEK 179.3 m (SEK 155.2 m) for the first nine months of 2005. The operating earnings before depreciation and net financial items, EBITDA, improved and amounted to SEK 10.5 m (SEK 5.9 m) for the third quarter and SEK 31.3 m (SEK 18.9 m) for the first nine months. Underlying cash flow improved and amounted to SEK 5.3 m (SEK 2.8 m) for the third quarter and SEK 17.6 m (SEK 6.2 m) for the first nine months. The earnings after tax amounted to SEK 24.1 m (SEK -3.9 m) for the third quarter and SEK 28.3 m (SEK -9.8 m) for the first nine months of 2005. Of this amount, SEK 22.6 m consists of the one-off effect of a reported deferred tax asset relating to tax-loss carry-forwards. “NeoNet’s stabile growth in revenues and earnings are factors indicating that we will post good earnings – factors supported by increased activity among existing clients, the inflow of new clients and an enhanced product offering,” said Simon Nathanson, CEO of NeoNet. “That is why we post the one-off effect of deferred tax assets relating to tax-loss carry-forwards.” “Our continued improvements in earnings are mainly a result of intensified activity among our clients. The increase in trading volumes through NeoNet is greater than the general growth on the world’s exchanges. As a consequence, our market shares on several European exchanges have increased,” concluded Simon Nathanson. For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51 simon.nathanson@neonet.biz

About Us

Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers. Neonet Securities is an Orc Group company. Orc Group is owned by Nordic Capital Fund VII. For more information, please visit: www.neonet.com

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