OM To Introduce Sweden’s First Exchange Traded Fund - XACTOMX - On October 30

Everything is in place for trading to commence in Sweden’s first exchange traded fund - XACTOMX - on Monday, October 30, 2000, through a listing on the OM Stockholm Exchange’s Fund list.

We are delighted to be able to offer a new financial instrument that in many ways will revolutionise the Swedish capital market. XACTOMX will provide both retail and institutional investors with simple and inexpensive access to the most popular stocks in Sweden, and for the first time it will be possible to trade fund units priced in real time, explains Stefhan Klang, President for XACT Fonder.

XACTOMX will be the first listing on our new Fund list and complements our existing range of equities and derivative instruments. Expanding our product range is a very positive move and is also an important step in OM’s commitment to the area of exchange traded funds, continues Carl Johan Högbom, President of the OM Stockholm Exchange.

XACTOMX is an index based equity fund, tracking the OMX index. With effect from the start of trading on October 30, fund units will be available for anyone to buy and sell in the same way as exchange traded equities. The fund is already open to investors who, in exchange for a replica OMX portfolio, can purchase fund units in minimum lots of the OMX value (currently around 1230) in multiples of 5,000.

On September 29, 2000, the Swedish Financial Supervisory Authority granted authorisation to OM’s subsidiary XACT Fonder AB to carry out fund and other commercial operations.