Jukka Ruuska Elected Chairman Of NOREX

Following the signing of the new NOREX Co-operation Agreement on 7 April 2004, HEX Integrated Markets has now become a shareholder in Nordic Exchanges A/S.

Oslo Børs and Copenhagen Stock Exchange have both sold 9% of their shareholding to HEX Integrated Markets, and the share distribution in the company is the following:

HEX Integrated Markets: 50% (including the shares formerly owned by Stockholmsbörsen)
Oslo Børs: 23%
Copenhagen Stock Exchange: 23%
Iceland Stock Exchange: 4%

At an extraordinary general meeting of Nordic Exchanges A/S today, Jukka Ruuska was elected to the Board of Nordic Exchanges A/S (NOREX) together with Jouni Torasvirta, Managing director of Helsinki Exchanges, Henrik Paulsson, Acting President of Stockholmsbörsen and Gert Tiivas, Head of Baltic Operations.

Apart from the above mentioned, the Board consists of the following persons:

Thordur Fridjonsson, President & CEO of Iceland Stock Exchange, Vice Chairman
Sven Arild Andersen, President & CEO of Oslo Børs
Hans-Ole Jochumsen, President & CEO of Copenhagen Stock Exchange
Anders Brodin, Deputy CEO of Oslo Børs
Poul Erik Skaanning-Jørgensen, Senior Vice President of Copenhagen Stock Exchange

The Management of NOREX consists of the following persons:

Anders Brodin, President & CEO
Poul Erik Skaanning-Jørgensen
Jouni Torasvirta
Henrik Paulsson

For further information, please contact:
Jukka Ruuska, President of HEX Integrated Markets, tel. +358 9 6166 7200
Hans Ole Jochumsen, President and CEO of Copenhagen Stock Exchange, tel. + 45 3393 3366
Sven Arild Andersen, President and CEO of Oslo Børs, tel. + 47 9064 8071
Thordur Fridjonsson, President and CEO of Iceland Stock Exchange, tel. +354 525 2800

About NOREX

NOREX is the strategic alliance between the Nordic stock exchanges. The NOREX Alliance is unique by being the first stock exchange alliance to implement a joint system for equity trading and harmonise rules and requirements between the exchanges with respect to trading and membership. The Alliance consists of the Copenhagen Stock Exchange, Iceland Stock Exchange, Oslo Børs, and the HEX Integrated Markets marketplaces Stockholmsbörsen, Helsinki Exchanges, Tallinn Stock Exchange and Riga Stock Exchange.