Orc Software Appoints Anders Berg CFO

Stockholm, Sweden - 9 January 2007

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced the appointment of Anders Berg as Chief Financial Officer. Anders joins Orc from the largest listed industrial holding company in the Nordic region, Investor AB, where he held the position of Vice President, Head of Finance for the past 5 years.

Thomas Bill, Orc Software’s CEO, welcomes Anders Berg to Orc’s management team. “I am very pleased Anders has accepted the CFO position and joined the Orc team to play an important role in our business. His broad experience and valuable expertise in managing complex financial functions will be a great asset to both Orc and its investors.”

“I am delighted to be working with Orc Software to contribute to its further development, drawing on my management experience gained from many years working across a broad spectrum of financial and business development areas,” said Anders Berg. “I look forward to working with the leading provider of advanced technology for the world’s financial markets and its highly professional team.”

Prior to joining Investor AB, Anders held a number of key finance and management positions with firms including Investor Growth Capital Holding, Jahaya and Eldaco.

Anders commences his new appointment with Orc Software March 12.

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