Information About Error Trade

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 2005. The error trade occurred at the trading desk where sales traders execute trades on behalf of clients. This operation represents a smaller portion of the total trading through NeoNet. Corrective actions have been taken in the form of changed procedures and control functions to minimize the risk of similar future events. For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51

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:

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