Nordnet Bank AB acquires eQ Bank (eQ) and strengthen its market leading position

Nordnet Bank AB acquires eQ Bank (eQ) and strengthen its market leading position

Nordnet Bank AB has signed an agreement to acquire 100 per cent of the shares in
the Finnish company eQ for cash payment of about sek 400 million, from Straumur
Burdaras Investment Bank hf. 

eQ, the largest online-broker in Finland, has about 57 000 customer and the
group specializes in investment services through three business areas;
Securities Brokerage, Asset Management and Corporate Finance. The acquisition
will complement Nordnet's business, strengthen the Nordic position and increase
the customer base in Finland.

- Nordnet's vision is to become the leading bank in the Nordic region for
savings and investments, this is a proof of our determination. I strongly
believe in the potential of the Finnish savings market and through the
acquisition we considerably strengthen Nordnet's position in this growing
market, as well as in the Nordics, says Nordnet CEO Carl-Viggo Östlund. 

eQ's turnover during 2008 amounted to euro 27,2 million and the operating profit
was euro -6 million. The number of employees amounts to 154 persons. 

- eQ has a strong offer, good growth and highly skilled personnel. I believe
that we through the acquisition over time can reach sizable synergies and
further refine the high competence of the eQ personnel, says Nordnet CEO
Carl-Viggo Östlund.

The deal is conditioned by the permission of the Swedish and the Finnish
Financial Supervisory Authority. Possession of the shares will take place in
conjunction with this permission which is expected in the near future. 

The deal is expected to have a positive effect on Nordnet's profit per share
during 2010.   

Nordnet CEO Carl-Viggo Östlund and CFO Fredrik Svederman will, due to the
acquisition, hold a Conference Call today at 14:00, Swedish time. To participate
from Sweden call +46 (0)8 5051 3786 and from other countries call +44 (0)20 7136
2051. The presentation will also be available by webcast,
www.financialhearings.com, choose Nordnet. 





For further information, please contact: 
Carl-Viggo Östlund, CEO Nordnet, +46 (0)70-609 58 81
carl-viggo.ostlund@nordnet.se 


The Nordnet Group provides user-friendly and cost efficient services to private
investors and companies within share trading, mutual fund investments and
pension savings plans. The holding company, Nordnet AB (plc), is listed on the
Stockholm Stock Exchange. Nordnet Bank AB is the leading Internet broker in the
Nordic region with about 240,000 accounts in Sweden, Norway, Denmark, Finland,
Germany and Luxembourg. Visit us at www.nordnet.se, www.nordnet.no,
www.nordnet.dk, www.nordnet.fi, www.nordnetbank.de and www.nordnet.lu.