End of year financial report 2004

Strong growth and strengthened market leading position in the Nordic region On 1 October 2004 Nordnet took over the ownership of Stocknet. As a result revenues, costs, the number of accounts, market shares etc. have increased during the further quarter.

Financial development •Profit after tax increased by 168% to SEK 77.4 (28.9) million •Profit after tax per share increased by 158% to SEK 0.49 (0.19) •Revenues increased by 47% to SEK 280.5 (190.7) million •No dividend suggested for the year 2004 •Profit before goodwill amortization increased to SEK 115.5 (54.8) million •Profit before tax increased to SEK 100.9 (41.2) million Business Development •Market shares have strengthened on the exchanges in Sweden, Norway, Denmark and Germany •The number of trades per day amounted to 12,300 for the year and 16,100 for the fourth quarter •The number of active accounts compared to the previous year increased by 39,200 or 63% to 101,400 (62,200). The acquisition of Stocknet added 26,200 active accounts •The total assets under management compared to the previous year increased by SEK 9.9 billion or 90% to SEK 20.9 (11.0) billion. The acquisition of Stocknet added SEK 3.4 billion •Cash deposits and managed client funds compared to the previous year increased by 53% to SEK 2.64 (1.72) billion. The acquisition of Stocknet added SEK 520 million •Margin lending compared to the previous year increased by 139% to SEK 1.49 (0.62) billion For further information please contact Klas Danielsson at +46 8 506 33030, +46708-744574, klas.danielsson@nordnet.se