Meeting Of The Board Of Oslo Børs On 23 October 2002

At its meeting 23 October, the Board of Oslo Børs agreed to admit Timber Hill (Europe) AG as a member of Oslo Børs. Timber Hill will be entitled to participate in trading and price quotation for equity instruments for its own account and risk. The Board has authorised the management of Oslo Børs to agree the starting date and make the necessary practical arrangements for membership, including entering into the agreements required. The firm will operate as a remote member from Switzerland.

The addition of Timber Hill as a member brings the number of new remote members (foreign investment firms) so far this year to six. This is to a large extent a direct result of the NOREX collaboration, which has made it simpler for firms that are members of one or more NOREX exchanges to become members of the other NOREX exchanges.