Staffan Persson Appointed New Acting CEO of NeoNet After Torkel Segerstedt

10/10/2003 3:05 PM EST

Staffan Persson Appointed New Acting CEO of NeoNet After Torkel
Segerstedt

Torkel Segerstedt will with immediate effect leave his position as
acting CEO of NeoNet. Segerstedt who was appointed acting CEO Monday 6th
October leaves his position for personal reasons.

Torkel Segerstedt has also announced that he will leave his position as
a member of the Board of Directors of NeoNet.

"I am sorry for this development but during the past days I have
concluded that it is for personal reasons not possible for me to uphold
such a demanding position as CEO of a listed company," said Torkel
Segerstedt. "In this context it is also natural for me to leave my
position as a member of the Board."

New acting CEO of NeoNet is Staffan Persson, who at the same time leaves
his position as chairman of the Board of Directors of NeoNet. New
chairman of the Board is Hans Karlsson, member of the Board of NeoNet
since 1996.

"It is unfortunate that Torkel Segerstedt has decided to leave his
position, but I have respect for the personal reasons he has submitted,"
said Staffan Persson. "My mission will now be to lead NeoNet until we
have recruited a new CEO of NeoNet"

For further information, please contact:
Staffan Persson
Tel. +46 70 321 00 98

Since inception in 1996 NeoNet has focused on efficient and neutral
agency brokerage. NeoNet provides the institutional investor industry
with execution services offering a single point of access to leading
equity marketplaces worldwide. Clients can execute orders using
electronic direct market access or through NeoNet's international
trading desk. NeoNet has offices in New York, London, Frankfurt and
Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and
has clients in 14 countries globally.

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