Interim report January-March 2006

Shares, mutual funds and pension products on the Internet

Profit and number of new accounts on record levels Financial development • Revenues increased by 94% to SEK 174.1 (89.7) million. • Profit after tax increased by 161% to SEK 66.6 (25.5) million • Profit per share (after tax) increased by 161% to SEK 0.40 (0.15) • Profit before tax increased by 172% to SEK 93.2 (34.3) million • The Swedish operations accounted for 54 (59)% of revenues and 54 (72)% of profit after tax Business development • Number of accounts increased by 10,400 to 127,700, a growth of 9% since year end (117,300) and annually of 22% (105,100)* • New savings amounted to appr. SEK 2.5 billion, equivalent to appr. 7% of Assets Under Management (AUM) at year end • AUM increased by 77% to SEK 42.8 (24.2)* billion • AUM for Nordnet Pension increased during the quarter by 78% to SEK 2.1 billion. The total AUM in insurance- and pension accounts amounted to SEK 3.1 billion • Number of trades per day increased by 69% to 33,700 (19,900)* • Cash deposits and managed client funds increased by 79% to SEK 5.4 (3.0)* billion • Margin lending increased by 61% to SEK 2.8 (1.8)* billion • The Pension Product offering became complete with the launch of the employment pension product Tjänstepension * Compared to the first quarter 2005 CEO Comment “The strategic winner in the industry for private savings” Our strong growth and very positive business development continues. The fact is that once again the newly passed quarter became the best one. What I am particularly pleased with this quarter is the strong account growth and that it has been good in basically all markets and within all client groups. We are also picking up speed in Germany. In Sweden our pension products are in strong demand. Number of accounts grew in total with no less than 10,400 to 127,700. This is an increase of 9% since year end and on an annual basis of 22%. We are now increasing our goal from at least 20% account growth during 2006 to 25%. The strong market climate helped us of course and at the same time we increased our marketing investments significantly, both to drive sales and to strengthen our brand recognition. TV is new since last autumn as one of our prime media channels in Sweden. Higher brand recognition is becoming more important because of our broader product savings Bromma 26 April 2006 Klas Danielsson CEO For further information please contact: Klas Danielsson, CEO, +46-8-506 33030, +46-708-744574, klas.danielsson@nordnet.se Jessica Gertun, CIO, +46-8-50633030, +46-70-9697424, jessica.gertun@nordnet.se