NeoNet receives membership of the London Stock Exchange

NeoNet receives membership of the London Stock Exchange STOCKHOLM, Sweden, Nov. 29 -- NeoNet AB, a leading provider of real time equity trading services for institutional investors and broker-dealers, today announced that it has received membership of the London Stock Exchange (LSE). Access to the LSE is one of the cornerstones in NeoNet's strategy of creating a transparent real-time access through its trading system to the world's leading stock exchanges. "Connecting to the London Stock Exchange represents another major step in reaching NeoNet's objective of covering 80 percent of the European market capitalization in 2001," said Torvald Bohlin, CEO of NeoNet AB. "Together with our expected membership at the Euronext Paris Stock Exchange and the already existing connections to Frankfurt and other European stock exchanges, these will create a Pan-European Electronic Execution Network for our European and, not the least, our American clients." "LSE welcomes NeoNet as the first Swedish overseas member," said Mr. Martin Wheatley, Director of Business Development of The London Stock Exchange. "We appreciate that NeoNet, as a high technology driven company, in its ambitions to create a Pan-European equity trading service, will give direct electronic access to SETS for its international client- base of institutional investors and broker-dealers." NeoNet will be electronically connected to SETS, which is the London Stock Exchange's electronic trading platform for the FTSE 100 and the most liquid stocks. London Stock Exchange represents approximately 30 percent of Europe's market capitalization and is by that the largest exchange by market cap in Europe. NeoNet will offer its clients trading on the London Stock Exchange beginning December 4, followed by full-scale direct electronic access in January 2001. NeoNet's Electronic Execution Network is currently connected to the stock exchanges in Frankfurt, Stockholm, Helsinki and Copenhagen. NeoNet has over 120 clients, institutional investors and broker-dealers, in 10 countries including the U.S. and U.K. With the addition of LSE NeoNet provides its clients with access to currently over 50 percent of the equity market capitalization in Europe. Through its Electronic Execution Network, NeoNet focuses on providing single access to multiple securities markets worldwide. NeoNet has 63 employees and offices in Stockholm and New York. For further information, please contact: Torvald Bohlin, CEO of NeoNet AB (publ) Tel. + 46 8 454 15 39 torvald.bohlin@neonet.se U.S. Contact: Sharon Salamon, NeoNet Securities, Inc. New York 212.980.7600 sharon.salamon@nnsec.com 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/2000/11/29/20001129BIT00710/bit0001.doc http://www.bit.se/bitonline/2000/11/29/20001129BIT00710/bit0002.pdf