End of year financial report for 2003 Nordnet AB (publ)

STOCKHOLM, Sweden, Feb. 10, 2004 (PRIMEZONE) -- Nordnet AB:

The year


 -- Profit after tax for the year increased to SEK 28.9 (-18.2) 
    million
 -- Profit after tax per share for the year increased to SEK 0.19
    (-0.12)
 -- Revenues for the year increased by 12% to SEK 190.7 (171.0) 
    million
 -- Operating expenses for the year decreased by 18% to SEK -135.9
    (-166.0) million
 -- Profit before items affecting comparability*, goodwill 
    amortisation and tax for the year increased to SEK 54.8 (5.0*)
    million
 -- Profit before tax increased to SEK 41.2 (-18.7) million
 -- No dividend suggested for the year 2003

The fourth quarter


 -- The result for the fourth quarter was the strongest so far. 
    Profit for the fourth quarter before goodwill amortisation and 
    tax increased to SEK 21.3 (18.1) million
 -- Strong development for Nordnet Norway, Nordnet Denmark and
    Aktiedirekt
 -- The number of trades made by clients outside of Sweden continued 
    to increase during the fourth quarter and amounted to 25 (10) % of
    all trades
 -- A high level of activity during the fourth quarter with 9,400
    trades per day, increased margin lending and strengthened client
    inflow

*Items affecting comparability include one-off write-downs; merger and restructuring costs and other items affecting comparability.

Future report releases

The general annual meeting will take place on Wednesday 21 April 2004 at 18.00 at Salen Konferens, auditorium Forum, Norrlandsgatan 15, Stockholm. Prior to the general meeting a demonstration of the realtime trading application WinTrade will take place between 16.00-17.30.

The annual report for 2003 is issued in March/April 2004 Interim report for January-March is published 21 April 2004 The annual general meeting is held 21 April 2004 Interim report for January-June 2004 is published 16 June 2004 Interim report for January-September 2004 is published 15 October 2004

Bromma, Sweden 10 February 2004

Klas Danielsson Chief Executive Officer

Pictures available at:

http://www.newsonline.nu/imgway/index.asp?pmid=34586

Nordnet AB (publ) P.O. Box 14077 S-167 14 Bromma Sweden

Company registration number 556249-1687

This is a translation from the Swedish original and when in doubt the original shall always hold before the translated version.

This report has not been subject to a general review by the company's auditors.

This information was brought to you by Waymaker http://www.waymaker.net

The full report is available for download:

http://www.waymaker.net/bitonline/2004/02/10/20040210BIT00080/wkr0001.doc

http://www.waymaker.net/bitonline/2004/02/10/20040210BIT00080/wkr0002.pdf