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NeoNet Appoints Per Andersson as Global Head of Sales

Stockholm, 7 July 2006

NeoNet is pleased to announce that Per Andersson has been appointed to the new position of Global Head of Sales as a reinforcement of NeoNet’s expansion strategy.

Mr. Andersson joins NeoNet from Orc Software where he has held leading sales positions, as Head of Business Development & Strategic Alliances and Global Head of Sales. Mr. Andersson, who will assume his new role in the autumn, will report directly to Simon Nathanson, CEO of NeoNet.

Per Andersson brings a broad international experience and was in addition to his recent positions also given responsibility for establishing and growing Orc Software’s North American business. Prior to Orc, Mr. Andersson held management positions within OMX Technology, where he established the London sales and support business for member applications. Before joining OMX Technology, Mr. Andersson was Customer Service Manager at Front Capital Systems.

“The creation of the Global Head of Sales position and Per’s appointment are clear steps toward reinforcing our organization and enabling us to leverage the continued growth of direct market access and electronic trading,” said Simon Nathanson. “Per’s dedicated leadership style and extensive international sales experience, gained through growing global and cost efficient sales organizations, will be an important asset in support of our strategy for continued expansion.”