NeoNet’s Interim Report 1 January – 30 September 2005

Third Quarter in Summary: · The operating revenues increased by 37% and amounted to SEK 62.6 m (45.5). · The earnings after tax improved and amounted to SEK 24.1 m (-3.9). SEK 22.6 m of this amount consists of the one-off effect of a reported deferred tax asset relating to tax-loss carry-forwards. · The earnings per share before dilution amounted to SEK 0.48 (-0.08). · The operating earnings before depreciation and net financial items, EBITDA, improved and amounted to SEK 10.5 m (5.9), an increase of 79%. · The underlying cash flow was strengthened and amounted to SEK 5.3 m (2.8). Nine Months in Summary: · The operating revenues increased by 16% amounting to SEK 179.3 m (155.2). · The earnings after tax improved and amounted to SEK 28.3 m (-9.8). SEK 22.6 m of this amount consists of the one-off effect of a reported deferred tax asset relating to tax-loss carry-forwards. · The earnings per share before dilution amounted to SEK 0.56 (-0.19). · The operating earnings before depreciation and net financial items, EBITDA, improved and amounted to SEK 31.3 m (18.9), an increase of 66%. · The underlying cash flow amounted to SEK 17.6 m (6.2). Subsequent events: · A smaller portion of the trading through NeoNet is executed by sales traders on behalf of clients. NeoNet was in October affected by a larger error trade resulting in a loss of SEK 5.3 m. The amount will burden the fourth quarter. Corrective actions have been taken in the form of changed procedures and control functions to minimize the risk of similar future events. · The offering was in October enhanced with trading on the Dublin exchange (the Irish Stock Exchange) and clients can now trade on 18 European and North American exchanges through NeoNet. NeoNet in the First Nine Months of 2005 NeoNet’s focus on providing advanced and yet user-friendly trading solutions on leading exchanges is appreciated by our clients. The volumes traded by NeoNet’s clients through NeoNet have increased significantly this year. This increased revenues by 37% in the third quarter and by 16% for the first nine months. The increase is partly explained by a general growth in volumes on the world’s exchanges, but the main reason is intensified activity among NeoNet’s clients. NeoNet has expanded its product offering further to include trading on the exchanges in Toronto and Dublin. More exchanges will be added gradually, beginning with the addition of the Swiss Exchange SWX and the Vienna Stock Exchange. NeoNet has continued to develop functionality for so-called algorithmic trading. This is an area where demand from institutional investors and hedge funds has increased over the past year. The demand is driven by clients’ increasingly advanced trading strategies and the fact that they are using direct market access for an increasing portion of their trading activity. A new product area – NeoNet Exchange Gateway – was launched in the third quarter to further strengthen NeoNet’s offering. The new product is a cost efficient alternative for banks and broker-dealers to trade using their own exchange membership through NeoNet’s system and infrastructure. The product complements NeoNet’s trading services and allows the company to further leverage its existing system investments. An agreement has been signed with the first client. The fast pace of NeoNet’s product development indicates good leverage on the investments. During the year NeoNet has launched many new trading functions and a new product area, while keeping investments at a lower level than the previous year. The operating earnings before depreciation and net financial items, as well as the earnings after tax, were higher for the quarter and year compared to the corresponding periods in 2004. The earnings after tax increased by SEK 22.6 due to the recognition of a deferred tax asset. 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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