STOCKHOLM, Sweden, March 27, 2003 (PRIMEZONE) -- NeoNet, an international agency broker providing efficient electronic equity execution services for the institutional investor industry, today announced Kari Lotsberg and Torkel Segerstedt to be nominated as members of the Board of Directors of NeoNet AB. They will be nominated as members of the board together with the current board members at the Annual General Meeting 7 May.
Kari Lotsberg has held leading positions within the Norwegian and the Swedish Ministry of Finance as well as the Central Bank of Sweden. She was State Secretary with the Swedish Ministry of Finance 1997-1999, responsible for international economic issues and financial market affairs. Kari Lotsberg is currently active as a consultant.
Torkel Segerstedt has extensive experience from leading positions within the asset management area as Head of Swedish Equities at Handelsbanken and as Asset Manager at Skandia Liv.
"I am pleased to present two new nominees for the Board of Directors with extensive experience from the financial industry," said Staffan Persson, Chairman of the Board of Directors of NeoNet. "The market environment undergoes rapid changes and a broad industry experience at the board is important."
"The focused business concept of NeoNet offering institutional investors a consolidated and cost efficient direct market access to the world's leading stock exchanges is very attractive," said Torkel Segerstedt.
"I look forward to contributing to the development of NeoNet," said Kari Lotsberg. "Of special interest is the ongoing integration in the international financial markets and the regulatory environment. This international dimension is vital for the growth potential of NeoNet."
The other board members: Staffan Persson, Torvald Bohlin, Hans Karlsson, Thord Wilkne and Mats Sundstrom; will all be proposed for re-election.
Shareholders representing 53.5% of the votes and share capital support the nominations.
For further information, please contact: Torvald Bohlin CEO of NeoNet Tel. +46 8 454 15 39 torvald.bohlin@neonet.se Staffan Persson Chairman of the Board of NeoNet Tel. +46 70 321 00 98 staffan.persson@itp-invest.se
Since the 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 electronic access to multiple equity marketplaces worldwide. Clients have direct market access to one third of the world's equity market capitalization. Trading is also available over NeoNet's international trading desk. NeoNet has offices in Stockholm, New York and London, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in twelve countries globally.
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