NeoNet opens London Office

8/14/2002 8:00 AM EST

NeoNet Opens London Office

NeoNet, a leading provider of real-time equity trading services for
institutional investors and broker-dealers, today announced that it is
establishing a sales and representation office in London. NeoNet has
already offices in Stockholm and New York.

"Our office in London will mean a clearer presence and awareness among
our U.K. clients," said Torvald Bohlin CEO of NeoNet. "UK is NeoNet's
third largest market and London is the financial center of Europe and to
have a local office is important to create confidence and also to
further explore the potential of the U.K. market"

Clients can today access one third of the world's equity market
capitalization over NeoNets global exchange network, enabling clients to
reduce the cost of execution and market impact by reaching several major
liquidity sources and consolidating European and U.S. trading
strategies. This eliminates the need for several different systems and
brokers for trading at different exchanges. NeoNet offers electronic
trading access to the NASDAQ, London, Frankfurt, Paris, Amsterdam,
Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock
exchange. NeoNet also plans to connect to the Virt-x Stock Exchanges and
the New York Stock Exchange by 2003.

NeoNet's global stock exchange network provides secure, real-time access
to equity liquidity on leading stock exchanges for institutional
investors and broker-dealers. NeoNet avoids any conflict of interest
with clients' trading by acting only as an agency brokerage.

Contact details for the NeoNet's UK office:
No. 1 Poultry, 2nd Floor
London EC2R 8JR, United Kingdom
Tel. +44 20 7643 1675
Fax: +44 20 7643 2201

For further information, please contact:
Company contacts:
Torvald Bohlin Magnus Karlsson
CEO of NeoNet Communications, NeoNet
Tel. + 46 8 454 15 39 +46 8 454 15 46
   

U.S. PR-agency contact:
Damon Leavell
Spring O'Brien
+1 973 267 8800
 


NeoNet provides institutional investors and broker-dealers with an
exchange network for electronic trading on the world's leading stock
exchanges. The NeoNet system gives clients an efficient tool for real-
time equity execution on the connected stock exchanges. Through NeoNet,
clients experience trading access to one third of the world's equity
market capitalization. Focused on providing a single point of access to
multiple equity markets worldwide, NeoNet has 78 employees with offices
in Stockholm and New York, is listed on the Stockholm Stock Exchange
(ticker NEO), and has clients in eleven countries including the U.S. and
U.K.

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