Jonas Lindström to take over as CEO of Orc Software as of December 1, 2004

Jonas Lindström to take over as CEO of Orc Software as of December 1, 2004 Orc Software previously announced that Jonas Lindström would take over as Chief Executive Officer no later than September 2005. The date has now been set for December 1, 2004. Lindström most recently comes from Front Capital Systems where he has been CEO. Nils Nilsson comments, "It feels positive for both myself and for the company that Jonas is able to start his new position before the yearend. I will now have the opportunity to more quickly focus fully on the development and sales of our most advanced technology, Orc Liquidator". Jonas Lindström comments, "I am thankful that the negotiations with my former employer resulted in my being able to start my new position so soon, and I look forward to leading Orc Software through the next phase of the company's development". For more information: Magnus Böcker, Chairman +46 8 405 60 00 Anders Fogel, Head of Communications, +44 20 7942 0949 Susanne Holmlund, Investor Relations, +46 8 407 38 50 Orc Software provides technology for advanced market making, trading and brokerage. Orc Software's technology is used in 20 countries and allows users to access more than 80 exchanges. The company is listed at Stockholmsbörsen and has operations in Chicago, Frankfurt, Hong Kong, London, Milan, Moscow, New York, Stockholm, St Petersburg, Sydney, Tokyo, Toronto, Vienna and Zurich. In 2003, the company's total revenue amounted to SEK 249 million with an operating income of SEK 74 million. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/27/20041026BIT21440/wkr0001.pdf Pdf

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Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII. www.orc-group.com

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