Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Sly_ who wrote (9142)	11/1/1999 9:42:00 PM
From: LABMAN	Read Replies (1) \| Respond to of 13953

Knight/Trimark Group (ticker: NITE, exchange: Nasdaq) News Release - Monday, November 01, 1999 EASDAQ Raises Additional EUR 3.2 Million and Announces Major New Shareholders EASDAQ the pan-European stock market for international growth and technology companies today announced an extension to its recent private placement round, raising an additional EUR 3.2 million from a combination of existing and new shareholders including ETRADE Group Inc. (Nasdaq: EGRP) and Susquehanna Partners of the United States. On 29 July 1999, EASDAQ announced a capital increase of EUR 22.8 million against a target of EUR 12 million, bringing the commitment of major new shareholders such as Knight/Trimark, Morgan Stanley Dean Witter, Crea Invest, Tradepoint and Goldman Sachs. Due to the success of this financing round and the strength of EASDAQ's strategic positioning, three existing shareholders wished to increase their investment, and two significant new shareholders expressed a desire to participate. As a result of this latest capital increase, EASDAQ's shareholding structure has changed as follows: Shareholder or Shareholder Country Percentage Group Shareholding (post- increase) Knight/Trimark Group USA 19.49% Equitable Life Assurance UK 7.56% Society ING Group Netherlands 7.34% KBC Securities Belgium 6.47% Aros Securities (Unibank) Denmark 4.63% Apax Partners UK 4.60% Groupe Banques Populaires France 4.35% Standard Life Assurance Company UK 3.51% BancBoston Robertson Stephens USA 3.48% Deutsche Bank Germany 2.39% Morgan Stanley Dean Witter USA 2.26% ETRADE Group USA 2.26% Crea Invest Denmark 2.26% Tradepoint UK 2.26% Herzog Heine Geduld USA 1.19% Goldman Sachs USA 1.13% Susquehanna Partners USA 1.13% Sub Total 76.31% Other Shareholders 23.69% Total 100.00% new shareholders increased commitment (existing shareholders) SHAREHOLDING CHANGES The two new shareholders participating in EASDAQ's capital for the first time are: ETRADE Group (2.26%) ETRADE Group Inc., a global leader in online personal financial services, is the world's most visited online investing site, offering value-added investing and research features. In addition to its strategic investment in EASDAQ, ETRADE has previously made investments in EOFFERING, a full- service online investment bank, and Archipelago, a leading Electronic Communications Network (ECN). E*TRADE plans to expand its global presence by launching branded web sites in the top 20 financial markets worldwide, and presently has operational web sites in the US, UK, France, Sweden, Japan, Australia and Canada. Susquehanna Partners (1.13%) Susquehanna Partners, GP, is one of the largest independent proprietary trading firms in the world with expertise in trading derivative products and other securities. The firm participates in approximately 2% of the NYSE volume annually, accounts for approximately 5% of the Options Clearing Corporation annual trading volume, ranks among the global market leaders in index arbitrage on a proprietary basis, is an acknowledged leader in trading listed and OTC currency derivatives, manages over 30 NYSE equity specialist books, and trades in the financial markets of approximately 20 countries. In addition, Knight/Trimark Group of the US consolidated its position as EASDAQ's largest shareholder, increasing its stake from 18.92% to 19.49%. Equitable Life Assurance Society of the UK moved to become EASDAQ's second largest shareholder at 7.56% (previously third largest at 7.23%). Herzog Heine Geduld of the US, a long-time shareholder and one of EASDAQ's most active market makers, increased its stake substantially to 1.19%. Commenting on this announcement, Stanislas Yassukovich, EASDAQ Chairman, said: This represents a further major endorsement for EASDAQ as we move forwards with the implementation of our strategy to become the leading trading platform in Europe for international growth and technology stocks. The involvement of such significant new shareholders is extremely valuable, and will undoubtedly be instrumental in encouraging other major international financial institutions to join us. We are increasingly well-positioned to capitalise on EASDAQ's unique strengths and are confident of the growth prospects which lie ahead for us at a time of accelerating change in the restructuring of European stock markets. For further information, please contact: EASDAQ Lauren Ptito Vice President, Corporate Communications Tel: +44 20 7786 6400 / +44 7979 751642 E-mail: lauren.ptito@easdaq.com "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Knight/Trimark Group's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.