NeoNet's New Issue Fully Subscribed

4/15/2004 11:07 AM EST

NeoNet's new issue of debentures with associated warrants, with
preferential rights to existing shareholders, was well received. The
interest resulted in a significant oversubscription.

97.3 percent of the new issue was subscribed with primary preferential
rights. The remainder (2.7 percent) has been allotted to subscribers who
have applied for subscription with subsidiary preferential rights. The
subsidiary distribution was done in relation to the number of unit
rights that each subscriber has exercised in the primary subscription.
The issue guarantee will not be utilized.

The debenture loan will provide NeoNet with approximately SEK 50.6 m
before issue and guarantee costs.

Exercise of the options can take place from September 2004 through March
2007. If all warrants are exercised, the number of shares will increase
by 15,174,612 shares to a maximum total of 65,756,655 shares and NeoNet
will receive approximately SEK 91.0 m.

For further information please contact:
Simon Nathanson
Chief Executive Officer
Tel. +46 8 454 15 51
 

Since inception in 1996 NeoNet has focused on efficient and neutral
agency brokerage. NeoNet provides professional investors with execution
services offering a single point of access to leading equity
marketplaces worldwide. Clients can execute orders using electronic
direct market access or via NeoNet's international trading desks. NeoNet
has offices in New York, London and Stockholm, is listed on the
Stockholm Stock Exchange (ticker NEO), and has clients in more than 15
countries globally.

www.neonet.biz