Press release

London and Copenhagen, 14 November 2007:

Saxo Bank has been awarded FX Week’s Best Bank for FX for Investors for the second year in a row. The Copenhagen-based online investment bank was again voted into the top spot by readers of the industry’s flagship publication, consisting of FX market professionals.

GENEVA, October 2, 2007
As part of its rapid global expansion, Saxo Bank has hired Edward Voorhees as its new Global Head of Options. Voorhees assumes his new position on November 1.

An experienced trader, who for the past five years has managed his own financial portfolio, Edward Voorhees has worked for Commerzbank AG in London and Deutsche Bank in Frankfurt, London and New York. An American by birth, Voorhees earned his BA in Economics from University of Chicago.

Copenhagen/Geneva, September 13, 2007
Saxo Bank is making the acquisition of Synthesis Bank in an agreed transaction together with the board and the shareholders of Synthesis Bank. The acquisition is a new milestone for Saxo Bank in its rapid global expansion. A pioneer and a global market leader in online investment, Saxo Bank offers the award-winning SaxoTrader platform to a growing worldwide community of investors.

Strong growth for Synthesis Bank, the most competitive Swiss online trading bank

(soon to offer real private banking online)

"The first half-year of 2007 has seen a further acceleration for our bank, which bodes very well for the rest of the year", notes Charles-Henri Sabet, founder and CEO of Synthesis Bank, the most competitive Swiss online bank.

Synthesis Bank opens in Zurich

Offering competitively priced share brokerage

Thierry Thévenaz, partner in Synthesis Bank, today announced the opening of a Zurich branch at a press conference in the city’s Swiss stock exchange (SWX).

The new Zurich premises in Förrlibuckstrasse will be operational in mid-March with seven professionals, who should increase to around 30 at the end of the year, according to Thévenaz.

Record year for Synthesis Bank,

which has:
• tripled its number of clients
• doubled its transaction volume
• doubled its turnover

In a press conference in Geneva this morning, Charles-Henri Sabet, the founder and CEO of Synthesis Bank, a major player in online banking, announced that “2006 was a year of many records” and that “the strong growth of Synthesis confirms his
conviction that he has picked the right strategy.”

Synthesis Bank, already the most competitive on-line bank

• offers even more attractive terms for access to the stock market by abolishing minimum amounts and fees on CFDs
• increases gearing on foreign currency trading (margin reduced from 2% to 1%)
• launches a new version of its multi-product platform

Synthesis Bank announces agreement with Chicago Mercantile Exchange

Synthesis Bank, the Swiss leader in online investment banking, has entered into a marketing agreement with Chicago Mercantile Exchange (CME), the largest futures exchange in the United States with the broadest global distribution for trading futures electronically. This makes the electronic trading platform, Synthesis TradingFloor (www.tradingfloor.com), CME’s only partner in Switzerland.

Brokerage service at competitive prices for accounts starting from USD 2,000

Synthesis Bank launches its Easy TradingFloor

Synthesis Bank, the leading Swiss online investment bank, has recently launched the most complete, effective and profitable trading floor on the market: Synthesis TradingFloor (www.tradingfloor.com).

Synthesis Bank takes the lead on-line

At a press conference in Geneva, Charles-Henri Sabet, CEO and majority shareholder of Synthesis Bank, declared that his bank