Copenhagen Stock Exchange Announces Changes In Information Feed In Connection With The Transfer Of Bonds And Derivatives To SAXESS/CLICK

On 21 June 1999, Danish equities were transferred to the SAXESS trading system as an element of the realisation of the NOREX Alliance between the Copenhagen Stock Exchange and the OM Stockholm Exchange. The migration of the Danish equities to SAXESS has been a success. Please see the press release of 24 January 2000, which is available at the Exchange's web site www.xcse.dk. Carsten Tanggaard's report corroborates the Exchange's and the exchange members' positive reception of the new trading system and trading rules.

On 25 September 2000, bonds will also be transferred to SAXESS. Derivatives are expected to be transferred to SAXESS (interest rate derivatives) and CLICK (share derivatives) not earlier than one month after the transfer of bonds. At present we cannot rule out the possibility of the adopted strategy resulting in a change of the interface for derivatives. The Exchange is analysing the situation and will return with more information as soon as possible.