Marika Philipson CFO and Vice president

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MARIKA PHILIPSON CFO AND VICE PRESIDENT Marika Philipson has been appointed CFO and Vice President of Effnet Group AB. Marika Philipson has been acting CFO of Effnet since October. Marika Philipson comes most recently from Skyways where she held the post of Vice President of Finance and Administration. Previously she was the CFO of Solitair Kapital AB and controller of Inter Forward GmbH in Germany. "We are very pleased with the appointment of Marika as Vice-President and CFO. Marika's experience from established, international companies provides Effnet's management with a substantial reinforcement," says Effnet's chairman Norman Rasmussen. Marika will be stationed at Effnet's offices in Stockholm. About Effnet Effnet innovates and licenses award-winning key technologies that resolve data speed, efficiency and security challenges in Internet Protocol (IP) networking and IT security. Effnet's modular IP packet processing technology -- the EffnetEdgetm Toolkit -- as well as its complete firewall and router technology for hardware manufacturers, enable optimized performance. The wholly owned subsidiary, Wkit Security, offers data encryption and copy protection technologies, and security audit services for public and private sector companies. With more than 75 employees, the company operates in Stockholm, Luleå and Håverud, Sweden, and in Silicon Valley, California. Effnet Group AB shares are traded on Sweden's Nya Marknaden (symbol: EFFN). Read more about Effnet at www.effnet.com. Read about Wkit at www.wkit.com. Effnet, the Effnet logo, EffnetEdge and Wkit are trademarks or registered trademarks of Effnet AB and Effnet, Inc. Other brand names may be the trademarks of their respective owners. For additional information contact: Norman Rasmussen, Chairman tel: +46 706 73 15 24 Tony Svensson, CEO tel: +46 708 33 89 40 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/23/20010223BIT00660/bit0002.doc http://www.bit.se/bitonline/2001/02/23/20010223BIT00660/bit0002.pdf