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Copenhagen Stock Exchange Announces SAXESS Release 3.0 Delayed

Date 18/05/2001

We regret to inform you that due to performance problems in the central Saxess system the Norex Exchanges have decided NOT to continue with the Final Rehearsal on Saturday 19 May, and therefore to postpone the production launch of SAXESS release 3.0 probably until after summer.

The Norex Exchanges have for some time now noticed serious performance problems in the central SAXESS TEST system, which we have informed you about, latest in the status rapport after the Full Scale Test (FST1) of Wednesday 9 May.

A new release of our central SAXESS TEST system, which should have solved the difficulties with performance, was installed on 14 May and was up and running on 15 May. Unfortunately, the performance problems were not solved with the new release. Consequently, the problems were present in the system also during the Full Scale Test that was performed on 16 May.

In the current situation and due to the fact that OM Technology cannot guarantee that the performance problems will be solved before the launch of release 3.0, the Norex Exchanges have decided to postpone the release.

We will return with detailed information about the production launch of SAXESS 3.0 and new dates for Full Scale tests on 30 May at the latest. At that time we will also know whether this postponement will have an effect on the launch of other projects.

We are sorry for any inconvenience this may have caused.