NeoNet’s Interim Report 1 January – 31 March 2006

The First Quarter in Summary: · Operating revenues increased by 53% to SEK 89.0 m (58.1). · Earnings after tax increased by 79% to SEK 7.5 m (4.2). · Earnings per share before dilution were SEK 0.15 (0.08). · Operating earnings before depreciation and net financial items (EBITDA) increased by 51% to SEK 19.5 m (12.9). · Underlying cash flow was strengthened and amounted to SEK 14.6 m (8.5). Significant Events: · The offering has been expanded to include trading on the Vienna Stock Exchange and the SWX Swiss Exchange. NeoNet now offers trading on 20 of the world’s leading exchanges. · The Board of Directors proposes to the Annual General Meeting that a mandate be issued to buy back shares and warrants in NeoNet AB (publ) for a maximum value of SEK 22 m. · A further client agreement has been signed regarding the new system and software services NeoNet XG. NeoNet in the first quarter of 2006 The year has started well, with revenues increasing by 53% compared with the first quarter of 2005. .EBITDA and earnings before tax increasing by 51% and 160% respectively in the first quarter. The operating margin is 22%. There is evidence that more institutional clients are valuing NeoNet’s strengths.. Clients appreciate the very fast and stable trading platform, offering access to many marketplaces. Another appreciated aspect is the security of knowing that NeoNet does not engage in proprietary trading, which eliminates the risk of conflicts of interest. As a result, NeoNet’s market share increases on several exchanges. During the first quarter, both the Vienna Stock Exchange and the SWX Swiss Exchange have been added to NeoNet’s client offering. The number of accessible exchanges has been expanded at a fast rate and the two latest additions mean that professional investors can trade via NeoNet on 20 leading exchanges in Europe and North America. There is strong interest in the new marketplaces, and a number of clients are already using NeoNet for trading on these exchanges. The next step is to add the Eurex exchange that will provide clients with access to futures trading. Products which will be accessible via NeoNet include the highly liquid Euro Stoxx and DAX futures, which for many is an important complement to share trading. There is clear interest from clients in the system and software services launched in 2005 under the name NeoNet XG (NeoNet eXchange Gateway). During the quarter, a further client agreement has been signed. The potential for this product is very good. More banks and brokers are demanding systems which are secure and proven, and which have short implementation times. The opportunity for clients to combine trading on exchanges where they are members with trading via NeoNet in one and the same system is proving attractive to clients. NeoNet’s diversification becomes more evident as trading volumes grow on more marketplaces, an increasing number of clients in many countries, and new revenue flows from NeoNet XG. In the long term, this is altogether expected to generate more stable revenues which are less susceptible to short-term fluctuations on the stock market than previously. For further information, please contact: Simon Nathanson CEO of NeoNet +46 8 454 15 51 simon.nathanson@neonet.biz