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Oslo Børs Holding ASA First Quarter Report

Date 25/04/2002

Oslo Børs Holding ASA had a first-quarter 2002 operating profit of NOK 15.1 million (1Q 2001: NOK 9.1 million). After-tax profit for the first quarter 2002 reporting period was NOK 13.1 million (NOK 11.1 million).

See the report: http://www.ose.no/investor_relations/

Revenues were somewhat higher in the first quarter of 2002 than in the same period in 2001. The increase is attributable to higher stock trading revenues and increased revenues from listing fees in the bond market.

Oslo Børs efforts in implementing the new trading system have not had major effects on first quarter earnings.

We expect to see positive effects of the Norex alliance arising from enhanced interest for the Norwegian market.

Despite uncertainty as to the activity levels and volatility in Oslo Børs markets, pre-tax profit for 2002 is expected to be in line with 2001 profit or somewhat better.