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Postponement Of Saxess Release 3.1 To March 2002

Date 04/12/2001

To Danish members at Copenhagen Stock Exchange and 3. party developers

As Oslo Stock Exchange soon will be joining the Norex alliance and that Stockholmsbörsen has experienced an increase in the activities in the Warrant submarket, Norex has decided to increase capacity in the Saxess system. In the enclosed letters from Stockholmsborsen you can read all about the new configuration of Saxess.

Saxess will be configured with 3 instead of 2 partitions from March 4th. 2002. Equities will still be traded in partition 1, fixed income in partition 2 and Swedish warrants in partition 3 (new).

The new Saxess configuration will have no influence on Danish participants trading on Copenhagen Stock Exchange. You will, as today, only recieve informations from partition 1 and 2, where the Danish submarkets are configured. Would you in the future want to trade Swedish warrants, please adopt the changes to your own application, so you by no later than March 4th. 2002 can handle the new Saxess configuration.

The new Saxess system will postpone the production launch of release 3.1 to Monday March 4th. 2002 (first production day with 3 partitions). Planned Full scale tests on January 19th and 26th 2002 (back up)will instead be on February 9th and 16th. 2002 (back up). Please make reservations for both Full scale tests February 9th. and 16th. And the production launch weekend March 2th and 3th. Moore information about the production launch of release 3.1 will be send out later.

Stockholmsbörsen invites you to participate in an information meeting on December 20th. in Stockholm. The invitation is enclosed. If needed, we can arrange a similar information meeting in Copenhagen. Please contact Vibeke Bonde Nielsen, CSE on vbn@xcse.dk or + 45 33 77 0305.
Bent Axel Andersen, BA@xcse.dk, +45 33 77 0304

Developer 3 partitions:

http://briefing.xcse.dk/uk/b190Developer_uk.pdf.

Member 3 partitions:

http://briefing.xcse.dk/uk/b190Member_uk.pdf.

Exhibit 1:

http://briefing.xcse.dk/uk/b190ExhibitI_uk.pdf .