The NCSD Group (VPC & APK) continues to make fee reductions

The NCSD Group is pleased to announce the second significant price reduction for this year and thereby sharing efficiency gains, increased volumes and cost synergies with our customers. Although our prices are already highly competitive we will further reduce fees with effect from December 1st in the following areas:

- Selected services to issuers
- Selected Cross-border services
- Selected services relating to matching, clearing and settlement

With this second price cut during 2006, customer fees will be reduced in total by 50m SEK on an annual basis. New fees are published on the NCSD Group website (www.ncsdgroup.com).

NCSD’s long-term strategy is to establish itself as one of the most effective and competitive infrastructure suppliers in Europe. NCSD will continue to develop its core services and systems, thus extending the integration work within the Group and further developing the ongoing co-operation between Nordic and European CSDs, in close collaboration with market participants.

For further information, please contact:
NCSD Group Communication, + 46 8 402 91 41, +358 20 770 6200
NCSD Group Control, Karl Johansson, +46 73 684 92 78
E-mail: info@ncsdgroup.com