NeoNet Applies for Membership of Paris Bourse

11/20/2000 8:36 AM EST

STOCKHOLM, Sweden, Nov. 20 -- NeoNet AB, a leading provider of real time
equity trading services for institutional investors and broker-dealers,
announced that it has applied for membership as a remote member of Paris
Bourse. Access to the Paris Stock Exchange is one of the milestones of
NeoNet's strategy of creating a direct electronic access through its
trading system to the world's leading stock exchanges.

"Connecting to the Paris Stock Exchange and by that to Euronext is an
important step in reaching NeoNet's objective of covering 80 percent of
the European market capitalization during 2001", said Torvald Bohlin, CEO
of NeoNet AB. "Together with our expected membership at the London Stock
Exchange and the already existing connection to the Frankfurt Stock
Exchange, these will be the cornerstones in creating a Pan-European
trading platform for our European and, not the least, our American
clients."

Paris Bourse represents approximately 16 percent of Europe's market
capitalization. NeoNet expects to offer its clients trading on the Paris
Stock Exchange in the first quarter of 2001 and full-scale direct
electronic access in the third quarter of 2001.

Paris, together with the stock exchanges of Amsterdam and Brussels, will
create Euronext, a common exchange. It has been announced that Euronext
will use Paris Stock Exchange's trading platform. NeoNet plans to offer
all its clients trading access to these markets through the Paris
connection in the second half of 2001. Euronext represents approximately
26 percent of Europe's market capitalization.

NeoNet's trading system and network is currently connected to the stock
exchanges in Stockholm, Helsinki, Copenhagen and Frankfurt. NeoNet has
over 120 clients, institutional investors and broker-dealers, in 10
countries including the U.S.

Through its Electronic Execution Network, NeoNet provides its clients with
efficient, secure and anonymous access to currently 25% of the equity
market capitalization in Europe. NeoNet focuses on providing single access
to multiple securities markets worldwide. NeoNet has 60 employees and
offices in Stockholm and New York.

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For further information, please contact:
Torvald Bohlin, CEO of NeoNet AB (publ)
Tel. + 46 8 454 15 39
 

U.S. Contact:
Sharon Salamon, NeoNet Securities, Inc.
212.980.7600
 

NeoNet AB (publ), P.O. Box 7545, SE-103 93 Stockholm, Sweden
Tel: +46 8 454 15 00, Fax: +46 8 10 40 84
www.neonetsecurities.com