NeoNet’s Year-End Report 1 January - 31 December 2003

NeoNet’s Year-End Report 1 January - 31 December 2003 NeoNet’s transaction revenues during 2003 amounted to SEK 147.6 m (184.7 m). The operating earnings before depreciation and net financial items were SEK -17.0 m (SEK 0.4 m). For the fourth quarter transaction revenues amounted to SEK 42.2 m (SEK 42.0 m). EBITDA amounted to SEK -6.7 m (SEK -0.9 m), which was impacted by non-recurring costs amounting to SEK 4.2 m. "2004 clearly looks more positively than 2003," said Staffan Persson, acting President and CEO of NeoNet. Several aspects supports this: -Our revenues decreased in 2003 compared to the previous year, however increased during both third and fourth quarter. -We have reached our established goals in terms of accessible stock markets and our new organization should deliver a larger inflow of new clients. -Our operating expenses have been reduced by SEK 23.7 m to SEK 140 m during the year and this amount should not be exceeded during 2004 despite the addition of Lexit’s operating expenses. -We have a negative cash flow for 2003 but it is realistic to achieve a positive cash-flow during 2004. "The positive turnaround of the market indicates that 2004 will be a better year for NeoNet than 2003," said Staffan Persson. "Our new trading platform will be set into production, an organization which is more focused on clients and sales has been implemented and during the first half of 2004, we plan to integrate new exchanges such as NYSE via BRUT, Virt-x, Lisbon and Madrid within our trading system. The improved market is a good base for organic growth during the year." See attached interim report. For more information contact: Staffan Persson Acting President and CEO of NeoNet Tel. +46 8 454 15 51 staffan.persson@neonet.biz ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=250002&fn=wkr0001.pdf The full year-end report

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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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