NeoNet receives membership of the London Stock Exchange

11/29/2000 7:15 AM EST

STOCKHOLM, Sweden, Nov. 29 -- NeoNet AB, a leading provider of real time
equity trading services for institutional investors and broker-dealers,
today announced that it has received membership of the London Stock
Exchange (LSE). Access to the LSE is one of the cornerstones in NeoNet's
strategy of creating a transparent real-time access through its trading
system to the world's leading stock exchanges.

"Connecting to the London Stock Exchange represents another major step in
reaching NeoNet's objective of covering 80 percent of the European market
capitalization in 2001," said Torvald Bohlin, CEO of NeoNet AB.
"Together with our expected membership at the Euronext Paris Stock
Exchange and the already existing connections to Frankfurt and other
European stock exchanges, these will create a Pan-European Electronic
Execution Network for our European and, not the least, our American
clients."

"LSE welcomes NeoNet as the first Swedish overseas member," said Mr.
Martin Wheatley, Director of Business Development of The London Stock
Exchange. "We appreciate that NeoNet, as a high technology driven
company, in its ambitions to create a Pan-European equity trading service,
will give direct electronic access to SETS for its international client-
base of institutional investors and broker-dealers."

NeoNet will be electronically connected to SETS, which is the London Stock
Exchange's electronic trading platform for the FTSE 100 and the most
liquid stocks.

London Stock Exchange represents approximately 30 percent of Europe's
market capitalization and is by that the largest exchange by market cap in
Europe. NeoNet will offer its clients trading on the London Stock Exchange
beginning December 4, followed by full-scale direct electronic access in
January 2001.

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

With the addition of LSE NeoNet provides its clients with access to
currently over 50 percent of the equity market capitalization in Europe.
Through its Electronic Execution Network, NeoNet focuses on providing
single access to multiple securities markets worldwide. NeoNet has 63
employees and offices in Stockholm and New York.

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. New York
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