NeoNet AB - Lower Tax and Stronger Net Earnings for 2000

NeoNet AB - Lower Tax and Stronger Net Earnings for 2000 NeoNet's tax paid for 2000 will be significantly lower than that published in the Financial Statement on 31 January, and accordingly, earnings after tax increase to SEK 15.8 m, or SEK 0.48 per share. The Financial Statement indicated earnings after tax of SEK 10.0 m, or SEK 0.31 per share, against the corresponding figures of SEK 6.5 m and SEK 0.25 in 1999. The change results from further tax deductions relating to expenses for NeoNet's IPO and the associated new issue. These expenses were posted directly to shareholders' equity. These deductions should be considered non-recurring. Future normalized tax levels for consolidated earnings are estimated at approximately 28%. These changes do not affect operating earnings before tax which, as published in the Financial Statement, amounted to SEK 15.9 m. For further information, please contact: Per Lindberg, Chief Financial Officer of NeoNet AB (publ) Tel. +46 8 454 15 44 per.lindberg@neonet.se NeoNet is a leading provider of real time equity execution services for institutional investors and broker-dealers. Through its Electronic Execution Network NeoNet provides its clients with efficient, secure and anonymous access to currently more than 50 % of the equity market capitalization in Europe. NeoNet focuses on providing single access to multiple securities markets worldwide. NeoNet has 62 employees with offices in Stockholm and New York and is listed on OM Stockholm Exchange's O-list. NeoNet AB (publ), P.O. Box 7545, SE-103 93 Stockholm, Sweden Tel: +46 8 454 15 00, Fax: +46 8 10 40 84 www.neonetsecurities.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/27/20010227BIT00200/bit0001.doc http://www.bit.se/bitonline/2001/02/27/20010227BIT00200/bit0002.pdf