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EO now the No.1 pan-European new issues distribution platform

London 13 December 2000 - EO, the online share distribution
for retail investors, announced today that it has entered into an
to acquire for an undisclosed sum, in an all share transaction
valuing EO shares at £1.50 each.

Key features of the combined business include:

* Pan-European presence: distribution into
UK, Sweden, Germany, France, Italy and Finland.

* Increased registered user base: over 175,000
registered on-line members

* Increased retail investor reach: over 16m users
across Europe through distribution partnerships
with key players in the retail investment

Online brokers: Charles Schwab Europe,
Barclays Stockbrokers, Sharepeople, Stockacademy, Stocktrade, E*trade.

Portals: Yahoo!,,
Tiscali and Ciaoweb

Retail investment sites: ADVFN,

Other: OM Stockholm Stock Exchange

* Proven transaction expertise: the combined
entity has distributed over 50 new issue deals
online in the last 12 months including
Deutsche Post, Carphone Warehouse,, Oasis healthcare and
several issues on behalf of the Swedish national debt office.

* Combined transaction flow: EO's existing
partnerships with UBS Warburg, NewMedia SPARK and Noble & Co together
with's strong relationships with European issuers creates a valuable
single pipeline of future dealflow for retail investors

* Strong financial position: the combined entity
benefit from EO's recent fundraisings of £10m as part of NewMedia
SPARK's acquisition of Internet Indirect and £6.6m from a Friends and
Family round in July. EO will also benefit from increased revenue
opportunities and cost savings from creating an integrated on-line

Ola Lauritzson, currently CEO of, has been asked to join
Board of EO plc as Marketing Director. This further strengthens the EO
Board following the recent appointments of Sir Michael Jenkins, Vice
Chairman of Dresdner Kleinwort Benson, Ronald Freeman, ex-Vice Chairman of
Schroders Salomon Smith Barney and Lynn Dukes, former Managing Director at
UBS as non-executive directors.

Commenting on the acquisition, John St.John, CEO of EO plc said:

"This deal is a milestone in EO's development. The acquisition is
beneficial to both our customers and our partners in terms of increased
product and broader distribution. The synergies between the two
will both increase revenue and minimise costs, allowing us to consolidate
our position as Europe's number one player in this rapidly evolving

Ola Lauritzon, CEO of said:

" was founded in 1998, the market has grown rapidly and the
time is right for the emergence of one clear leader. This deal makes our
combined business that market leader and I look forward to working with
team to further grow the business to take advantage of the ever increasing
demand for new issue investment opportunities from the retail market."

The Offer is subject to the approval of the UK and Swedish financial
services regulators. Agreement to the conditional terms of the offer has
been received from shareholders accounting for over approximately 60% of's shares.


John St.John/Jakob Kinde

207 725 4900


Ola Lauritzson
+44 771

Peter Pender-Cudlip

207 251 3801


EO plc

* EO plc, which is regulated by the SFA, is an on-line share
distribution platform for IPOs and private placements. EO works in
partnership with investment banks and venture capital firms to distribute
equity product to retail investors on a pan-European basis.

* EO benefits from a partnership,
Europe's largest financial information portal, with investment sites in
US, UK, France, Italy, Netherlands, Spain, Germany and Denmark. EO also
partnerships with leading retail investment sites including ADVFN,
hemscott.NET and

* EO has partnerships with online brokers including Charles
Schwab Europe, Sharepeople, Stockacademy and Stocktrade to provide users
with direct access to investment opportunities at

* EO has established partnerships with UBS Warburg and
Under the terms of these partnerships, the investment banks will make
appropriate equity product offerings available to retail investors via

* EO also benefits from exclusive deal flow from its
shareholder NewMedia SPARK, Europe's leading quoted early stage technology

* EO has existing partnerships with Continental European
online IPO providers, in Germany and in France.

* Through its existing combined networks and partnership
arrangements, EO now reaches an audience of over 16 million online users
throughout the UK and Europe.

* Investors should register free and without obligation at, founded in Sweden in 1998, has its headquarters in London.
has participated, to date, in more than 40 transactions, including stock
market listings in Sweden and in the UK. It has over 85,000 registered
members in Europe and is based in Sweden, Finland, France, Italy and the
By using the internet, opens up the previously restricted market
primary equity capital to a new group of retail investors, enabling
individuals to participate directly in stock market listings.
allocation and payment for new shares are all carried out online. Among
shareholders of are French Internet bank Zebank, Banc Boston,
Catalyst Fund Management & Research and the Swedish internet venture
firm, Catella IT.

This press release was distributed by ResponseSource Press Release Wire on behalf of Finsbury Group in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit