The Icelandic Stock Exchange Signs Agreement With OM And NOREX

The Iceland Stock Exchange has entered into an agreement of intent with the OM Stockholm Exchange and the Copenhagen Stock Exchange relating to its participation in the NOREX exchange alliance. Under the terms of the agreement OM Technology's exchange system SAXESS, which is currently in use at both the OM Stockholm Exchange and the Copenhagen Stock Exchange, shall also be used by the Iceland Stock Exchange. The parties to the agreement intend to finalise negotiations during the second quarter of 2000.