NeoNet’s Interim Report 1 January – 30 June 2005

Second Quarter in Summary: · The operating revenues increased by 28% and amounted to SEK 58.5 m (45.7). · The earnings after tax improved and amounted to SEK 0.1 m (-10.6). · The earnings per share before dilution amounted to SEK 0.00 (-0.21). · The operating earnings before depreciation and net financial items (EBITDA) improved and amounted to SEK 7.9 m (0.0). · The underlying cash flow strengthened and amounted to SEK 3.7 m (-4.8). Six Months in Summary: · The operating revenues increased by 6% and amounted to SEK 116.7 m (109.6). · The earnings after tax improved and amounted to SEK 4.3 m (-5.9). · The earnings per share before dilution amounted to SEK 0.08 (-0.12). · The operating earnings before depreciation and net financial items (EBITDA) improved and amounted to SEK 20.7 m (13.0), an increase of 59%. · The underlying cash flow amounted to SEK 12.7 m (3.4). NeoNet in the First Half of 2005 Revenues increased during the first six months of the year and were distributed more evenly over the period than in previous years. Trading intensity was high during the second quarter. Revenues were up 28% for the second quarter and 6% for the six-month period compared to the same periods last year. Both the earnings after tax and operating earnings before depreciation and net financial items (EBITDA) improved for the quarter and the six-month period compared to the same periods in 2004. The EBITDA for the first half of 2005 amounted to SEK 20.7 m (13.0), an improvement of 59%. The underlying cash flow was strengthened due to the improvement in the EBITDA and a lower rate of investment. There was a good inflow of new clients over the six-month period. Clients’ trading patterns are becoming increasingly advanced and they can therefore take greater advantage of the benefits of NeoNet’s very fast and efficient trading platform. More and more clients take advantage of the opportunity to trade efficiently on many different exchanges through NeoNet. This ties in with the trend whereby clients are increasing the percentage of their trading activity on the European exchanges excluding Stockholm and Helsinki. One area that has experienced growth is trading with baskets of shares, so-called program trading, through NeoNet. NeoNet’s offering enables program trading on all 16 exchanges and is a highly efficient solution for the company’s clients. Steps taken to reduce transaction and interest expenses had an effect during the six-month period. However, a change in trading patterns whereby the average size of transactions is smaller has resulted in increased transaction expenses during the second quarter. Investments for the six-month period amounted to SEK 8.1 m (10.0) and were, among other things, focused on enhancing the functionality for electronic program trading. The new functionality was developed to meet an increasing demand for program trading and supplements the program trading offered via the trading desk. The next stage will be to develop trading tools for so-called algorithmic trading and to further increase the number of market places. For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51 simon.nathanson@neonet.biz

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: www.neonet.com

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