• 25.05.2011, 16:17:02
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  • OTE0005

New CEO in Euroinvestor.com A/S

Hellerup, Denmark (ots/PRNewswire) -

- In a Board Meeting Held Today the Board of Directors in
Euroinvestor.com A/S Decided to Strengthen the Management of the
Company by Appointing a New CEO of Euroinvestor.com

- Strengthening the Management in Euroinvestor.com A/S

In a Board meeting today the Board of Directors in Euroinvestor
decided to strengthen the management of the company by appointing
Jeff Saul as new CEO in Euroinvestor.com A/S. Jeff Saul will take up
this new position on 15 June 2011.

Since February 2009, Jeff Saul has been Head of Group Equities in
Saxo Bank A/S and in March 2009 became a member of the Board of
Directors in Euroinvestor.com A/S, and thus has a thorough knowledge
of both Euroinvestor and Saxo Bank. Amongst others, Jeff has been
responsible for Saxo Bank's investment in Euroinvestor.com A/S and
for the development of Saxo Bank's recently launched and strongly
improved platform for equity trading and equity analysis. He also
drove the development of "MSN Trader powered by Saxo Bank" in
association with Microsoft. Jeff Saul has worked in the financial
sector since 1986 focusing on equities, thereof seven years in
London.

The Board of Directors expects that the appointment of Jeff Saul
will strengthen the Company's international strategy by building a
global network of investors and growing the possibilities for
expanding Euroinvestor's activities on a global level, through
partnerships as well as through independent outlets.

It is the goal to both sustain and expand Euroinvestor's position
as the leading investor portal in the Danish market. This will be
realized through a strong cooperation with the users who focus on
operational reliability, tools and services.

The Board of Directors is convinced that a closer cooperation with
Saxo Bank will accelerate Euroinvestor's completion of its
international growth strategy as well as faster product development.
With the new appointment, Euroinvestor will benefit from Saxo Bank's
experience with an international growth strategy as well as from its
international platform, offering clients the possibility of trading
equities and other asset classes on 23 exchanges in the world,
serving clients in more than 160 countries.

The current CEO Jens Alminde will continue his engagement in the
Company and will focus on further developing the Danish business,
including the Company's 50.2% stake in subsidiary Boliga A/S.

It is expected that within the next few days the company will
summon an extraordinary general meeting where the new majority
shareholder of the company, Saxo Bank will nominate new candidates
strengthening the Board of Directors of the Company.

Saxo Bank announced on 4 April that they had increased their
ownership in Euroinvestor from 40% to 69% and they have therefore
presented a takeover offer for the remaining part of the share
capital at a price of DKK 15 per share. The offer expires on 30 May
2011. Reference is made to "Tilbudsdokument af 2. maj" for further
details about the takeover offer as well as Saxo Banks intentions
with Euroinvestor.com A/S.

Chairman of the Board Soren Alminde says; "I view the appointment
of Jeff Saul as the right move in terms of strengthening the
implementation of the company's international strategy. There are
significant synergies in the collaboration between the Company and
Saxo Bank on a global level and with Jeff Saul as new CEO we expect
to be able to maximize and accelerate the cooperation and the growth
of the company benefitting all shareholders. That we have been able
to attract Saxo Bank's global Head of Group Equities shows that Saxo
Bank are serious when they say they will transform Euroinvestor.com
to a global leading investor portal. As founders of Euroinvestor this
has always been dream of both me and my brother and that is why we
continue to own 22% of the Company."

Jeff Saul says; "I am looking forward to take on the role as CEO
of Euroinvestor.com A/S as I see significant global opportunities for
growth in the company. In my present position at Saxo Bank I have
contact with other media companies and financial corporations in the
world. This is at the core of Saxo Bank's business model and I expect
Euroinvestor.com to benefit from this network."

About Euroinvestor

Euroinvestor is among the leading investor portals in Scandinavia.
Euroinvestor owns and run investor portals in Denmark, Norway,
Sweden, France, the Netherlands, Italy, Spain and the UK.
Additionally Euroinvestor owns 50.2% of Boliga which is the largest
portal for real estate in Scandinavia.

Rückfragehinweis:
Further Information: Euroinvestor.com A/S, Soren Alminde,Chairman of
the Board, [email protected], +45-26-37-27-70, New CEO, JeffSaul
+45-20-20-10-32

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | PRN

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