Landsbanki has fulfilled its obligations to Neonet

Neonet’s unsettled transactions involving Landsbanki Islands Hf are now completely settled. Neonet has not suffered any financial damage as a result of the delayed settlement.

As communicated previously by Neonet in the Annual Report and quarterly reports, the collapse of Icelandic banks resulted in Neonet having a number of unsettled transactions in relation to Landsbanki Islands Hf. The transactions have now been completely settled and Neonet has not suffered any financial damage.

Settlement of the transactions has occurred via a structured process and in a spirit of healthy cooperation between Neonet and representatives of both Landsbanki and the Icelandic financial authorities.

Settlement of the outstanding transactions demonstrates that Neonet’s risk management and settlement procedures work effectively, even in the face of very turbulent market conditions.

This information is such that Neonet is required to disclose in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act.

For further information, please contact:

Ulrika Lilja
Head of Communications, Neonet
+46 8 454 15 82

Neonet is a global agency brokerage firm and technology provider, offering professional market participants neutral, high speed brokerage services and advanced trading software solutions. Neonet's in-house developed platform offers connectivity to the world's leading market places globally across the key regions of North America, Latin America, Europe, Asia and Australia. Neonet's cutting-edge technology solutions, Neonet XG, include an integrated product suite. It features high speed market connections, a comprehensive execution management system, market data services and advanced trading tools. Neonet is listed on the NASDAQ OMX Stockholm and has clients in over 20 countries globally. For more information, please visit www.neonet.com.

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Landsbanki has fulfilled its obligations to Neonet

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