New distribution of tasks between the Danish Financial Supervisory Authority and OMX Nordic Exchange Copenhagen - disclosure requirements


Press release, October 16, 2007

New distribution of tasks between the Danish Financial Supervisory Authority
and OMX Nordic Exchange Copenhagen - disclosure requirements 

As of November 1, 2007, the Danish Financial Supervisory Authority will decide
cases regarding the disclosure requirements of the Danish Securities Trading
Act. Among other things, this is a consequence of the new rules of law in
connection with the implementation of the Directive on markets in financial
instruments (MiFID). OMX Nordic Exchange Copenhagen will still be checking
whether the issuers meet the disclosure requirements pursuant to the act and
the Exchange's own marketplace rules. 

The delegation agreement between the Danish Financial Supervisory Authority and
OMX Nordic Exchange Copenhagen will be amended with effect from November 1,
2007, so that the competence to decide cases on violation of the disclosure
requirements of the Danish Securities Trading Act will rest with the Danish
Financial Supervisory Authority as of that date. The Nordic Exchange and the
Danish Financial Supervisory Authority agree that this is an operational
solution for the future consideration of cases regarding the disclosure
requirements applicable to issuers under the Danish Securities Trading Act. 
 
The Danish Financial Supervisory Authority is responsible for ensuring
observance of the disclosure requirements of the Danish Securities Trading Act
as an authority and will, therefore, supervise the companies. The Nordic
Exchange will continue to have an active obligation to check that the listed
companies and other issuers meet the disclosure requirements of both the act
and the Exchange's own rules. In future, the Danish Financial Supervisory
Authority will make decisions and impose sanctions in cases relating to the
disclosure requirements of the Danish Securities Trading Act, and, like today,
the Nordic Exchange will make decisions and impose sanctions in cases relating
to the disclosure requirements of the stock exchange rules. 

Thus, the Nordic Exchange will continue to check whether the issuers meet all
the disclosure requirements and, therefore, the Exchange will often make the
initial contact to the listed company in case of suspected violation of the
disclosure requirements. Subsequently, if there is still suspicion of violation
of the disclosure requirements of the act, the Nordic Exchange will refer the
case to the Danish Financial Supervisory Authority, which will then make a
decision. 

In future, the listed companies and other issuers may continue to contact the
Nordic Exchange for guidance on the interpretation of the disclosure
requirements of the Danish Securities Trading Act. 

It is a common goal of the Danish Financial Supervisory Authority and the
Nordic Exchange to arrange the future work so as to consolidate the foundation
of a smooth market. In this connection it is still important with prompt
reactions in the market and that the listed companies, other issuers and market
participants continue to see smooth and efficient administrative case handling. 

For further information, please contact:

Ellen-Margrethe Soelberg, OMX Nordic Exchange		Tel.: +45 33 77 04 30

About OMX | OMX is a leading expert in the exchange industry. The OMX Nordic
Exchange comprises over 800 companies including its alternative market First
North. OMX provides technology to over 60 exchanges, clearing organizations and
central securities depositories in over 50 countries. The Nordic Exchange is
not a legal entity but describes the common offering from OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a
Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange.
For more information, please visit www.omxgroup.com.

Attachments

2007_10_16_dfsa_ omx_disclosure_eng.pdf