Report from NeoNet AB's Annual General Meeting

5/7/2004 3:37 AM EST

CEO statement
Simon Nathanson, CEO of NeoNet, stated at yesterday's Annual General
Meeting that the first quarter 2004, was very positive with an increase
in revenue with 75% compared with the same period the previous year, as
well as positive net earnings. In the statement Nathanson also noted
that the financial performance of NeoNet during 2003 was weak, mainly
due to low trading intensity.

A number of measures where implemented during 2003 forming a foundation
for growth and expansion. A new generation of the trading system was
developed and will be launched gradually during 2004. The acquisition of
Lexit Financial Group, Inc. was concluded during 2003, which further
strengthens the client base of NeoNet and adds knowledge within U.S.
equity trading.

Distribution of earnings
The general meeting resolved that the parent company's non-restricted
equity of SEK 10,921,653 be distributed such that the entire amount be
carried forward.

Board of Directors
The general meeting resolved that, until the close of the next annual
general meeting, the Board of Directors shall consist of five members.
Hans Karlsson, Staffan Persson, Mats Sundström, Thord Wilkne and Kari
Lotsberg were re-elected as board members. Torvald Bohlin had declined
re-election. Nicolas de Champs is the employees' co-opted representative
on the Board of Directors. The general meeting resolved that SEK 660,000
be paid as remuneration to the Board of Directors for the period until
the expiry of the next Annual General Meeting, the aforesaid amount to
be allocated among the members of the Board of Directors as the Board
deems appropriate.

At the Board meeting following the Annual General Meeting, Staffan
Persson was elected Chairman of the Board.

For further information contact:
Simon Nathanson
CEO of NeoNet
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