Neonet consolidates operations to Stockholm

Neonet consolidates operations to Stockholm

Neonet, which is part of Orc Group AB, has initiated a reorganization of
its U.S. operations and will close down the New York based trading desk.
The closure of the U.S. trading desk will not impact customers' ability
to trade European and North American markets. All clients will be
offered continued full execution and settlement services from the
Stockholm office.

”By consolidating all of our operations to Stockholm we will be able to
serve our clients even better. This is one of many ongoing initiatives
to solidify our position as the premier execution service provider in
Europe” says Joacim Wiklander, CEO of Neonet Securities.

The reorganization will give rise to restructuring costs of 5 MSEK in
the third quarter 2011. The restructuring is expected to cut operating
expenses with 13 MSEK on an annual basis which will take full effect no
later than the first quarter 2012.

For further information please contact:
Joacim Wiklander, CEO, Neonet Securities AB, Tel + 46 8 506 478 35

About Orc Group
Orc Group is a leading provider of technology and services for the
global financial industry. Orc Group delivers trading and market access
solutions that are used by proprietary trading and market making firms,
investment banks, hedge funds and brokerage houses worldwide.

The Orc Group serves customers through three business units, each with
distinctive offerings:

  · Orc develops and provides the tools needed to run profitable trading
and brokerage businesses.
  · Neonet is a global agency broker that offers professional market
participants independent, high-speed execution services.
  · CameronTec is the financial industry's leading provider of FIX
infrastructure and connectivity solutions.

With market presence in all global financial centers, Orc Group provides
sales and support services from its offices across the EMEA, Americas
and Asia-Pacific regions.

Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).

For additional information visit www.orc-group.com