Chairman of the Board becomes new COO

Chairman of the Board becomes new COO

- Markus Gerdien to take on an operating role at Orc Software

Orc Software - quoted on NASDAQ OMX Stockholm - Chairman Markus Gerdien
will take up the newly established post of Chief Operating Officer (COO)
of the company, and will thus leave the company's board of directors
with immediate effect. 

“I am very pleased that Markus Gerdien is willing to assume an operating
role again. We have worked together earlier and I know what an asset he
will be when it comes to capturing the major business opportunities for
Orc's services and solutions,” says Thomas Bill, CEO of Orc Software.

Markus Gerdien has considerable operative experience of technology
solutions for the financial market. Aside from being Chairman of Orc
Software since 2007, he has held the post of President at OMX Market
Technology. In the capacity of CEO, he has also worked together with
Thomas Bill at Front Capital Systems. He left NASDAQ OMX Stockholm in
2008 to focus on his board duties.

“For some time I have been eager to return to a more operating role. In
my discussions with Thomas Bill about how Orc Software can best exploit
its strong market potential, it became clear that I would fit into the
role of COO. Being able to both work in an operating capacity and
continue at Orc Software is ideal,” says Markus Gerdien.

The decision to appoint Markus Gerdien as COO of Orc Software means that
he will leave his seat on the company's board with immediate effect and
resign as a member of the nominating committee. Patrik Enblad has been
appointed as the new Chairman, until the Annual General Meeting. Patrik
Enblad, CEO of Newsec, has served on Orc's board since 2005.

Markus Gerdien will assume his position as COO in mid-March.

The information in this press release has been made public by Orc
Software AB in accordance with the Securities Market Act and/or the
Financial Instruments Trading Act. The information was submitted for
publication on February 10, 2011 at 9.40 a.m. (CET).

About Orc Software

Orc is a leading provider of technology and services for the global
financial industry. Orc delivers trading and market access solutions
that are used by proprietary trading and market making firms, investment
banks, hedge funds and brokerage houses worldwide.

Available as deployed software or as managed services, Orc develops and
provides the tools needed for running profitable trading or brokerage
businesses in today's competitive and ever-changing markets.

Built on Orc's in-depth of knowledge of the trading world, Orc Trading
and Orc Brokerage solutions offer strong analytics, unmatched market
access, high-frequency trading capabilities, automated trading
strategies and execution, ultra-low latency and effective risk
management.

Complementing the Orc Group's trading technology solutions, our Neonet
business unit offers low-latency brokerage services to professional
market participants, with clients in over 25 countries globally.
CameronTec, an Orc group company, is the market leader in FIX
infrastructure and connectivity solutions.

With market presence in all major global financial centers, Orc provides
sales and support services from its offices across EMEA, the Americas
and the Asia-Pacific regions.

Orc Software is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).

www.orcsoftware.com

For further information:

Thomas Bill, CEO, Orc Software, +46 8 506 477 35

N.B. The English text is a translation of the Swedish text. In case of
discrepancy between the Swedish and the English text the Swedish version
shall prevail.