HEX  Integrated  Markets,  Copenhagen  Stock  Exchange,  Oslo  Børs and

Iceland  Stock  Exchange  have  agreed  on  a  new  NOREX  Co-operation

agreement.  According  to  the  agreement,  HEX Integrated Markets Ltd,

representing  Stockholmsbörsen,  who  is  already  a  member  of NOREX,

Helsinki  Exchanges,  Tallinn  Stock  Exchange and Riga Stock Exchange,

enters into the existing NOREX co-operation.



Including  HEX  Integrated  Markets,  the NOREX alliance now covers the

whole Nordic region and two thirds of the Baltic area, comprising seven

exchanges and four clearinghouses.



The NOREX objective is to create a joint, fully integrated market place

for financial instruments, generating benefits for customers, including

increased  liquidity,  more  efficient  member  access, broader service

range and lower costs when connecting to Nordic markets.



The NOREX alliance is based on co-operation between independent parties

and  builds  on  the  principles  of a common trading system and common

regulatory  framework.  The implementation of the common SAXESS trading

platform  at  the  Helsinki, Tallinn and Riga exchanges is estimated to

take  place  by  the  end  of  September,  after  which  easy access to

securities  from  seven  markets  will be available through one trading

system.  In  conjunction with the implementation of the trading system,

the common NOREX Member Rules will be implemented at Helsinki Exchanges

and introduced as amendments to the rulebooks of Tallinn Stock Exchange

and Riga Stock Exchange, respectively.



For more information or comments, please contact:

Jukka  Ruuska,  President  of  HEX Integrated Markets, tel. +358 9 6166

7200

Hans  Ole  Jochumsen,  President  and CEO of Copenhagen Stock Exchange,

tel. + 45 33 93 33 66

Tor  Arne  Olsen,  Press  Spokesman  of  Oslo  Børs, tel. + 47 22 34 17

46Thordur  Fridjonsson,  President  and  CEO of Iceland Stock Exchange,

tel. +354 5252800



About HEX Integrated Markets

HEX Integrated Markets, division of OMHEX, is northern Europe's largest

securities    market.    Through   its   exchange   operations   within

Stockholmsbörsen,  HEX  Helsinki,  HEX  Tallinn  and HEX Riga it offers

investors  access to 80 percent of the Nordic and Baltic equity market.

HEX  Integrated  Markets  also  operates  CSDs  in Finland, Estonia and

Latvia. In March 2004, OMHEX was chosen as the strategic partner in the

privatisation  of  the  National  Stock Exchange and Central Securities

Depository of Lithuania.



About NOREX

NOREX is the strategic alliance between the Nordic stock exchanges. The

NOREX  Alliance is unique by being the first stock exchange alliance to

implement  a  joint  system  for equity trading and harmonise rules and

requirements   between  the  exchanges  with  respect  to  trading  and

membership.  The  Alliance  consists  of the Copenhagen Stock Exchange,

Iceland  Stock  Exchange,  Oslo  Børs,  and  the HEX Integrated Markets

marketplaces   Stockholmsbörsen,   Helsinki  Exchanges,  Tallinn  Stock

Exchange and Riga Stock Exchange.