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Danske Bank Joins BondVision as 25th Dealer

Milan, August 19, 2003 – BondVision today announced Danske Bank as the 25th Dealer to join the platform, further advancing its position in the Dealer-to-Client market. The increasing number of Dealers continues to enhance the depth and quality of prices available to BondVision clients.

Danske Bank, a leading financial institution in Scandinavia, is the first Nordic Dealer on the system, and signals the strategy of BondVision and the MTS Group to expand into the Nordic markets and to introduce the trading of non-euro denominated securities.

“Steen Blaafalk, Executive Vice President of Danske Bank said: "We are pleased to join BondVision and we are confident to further contribute to the expansion of the platform in Scandinavia. BondVision represents a strategic and cost effective e-trading tool for our clients, improving their trading and post-trading activity.”

Lorenzo Pelizzola, Market Director of BondVision said: "The joining of Danske Bank reinforces our commitment to offer BondVision clients with the widest pool of liquidity providers across Europe, complementing our continuing drive to address the needs of the buy side community, not only in accessing depth and liquidity, but in trading efficiently and transparently. By providing ever-improving functionalities, additional products and Dealers, we have seen our client base grow by 110% in the past year

BondVision offers investors the unique opportunity to access the exceptional concentration of bond market liquidity on MTS, the leading electronic market for European fixed income. In addition to offering the widest pool of fixed income products, BondVision supports FIX and allows for full Straight-Through-Processing (STP). Clients access and trade on BondVision free of charge.

1. BondVision
   The Internet-based multi-Dealer to Client Market powered by MTS, the leading fixed-income wholesale market in Europe and Japan. BondVision is the only regulated Internet-based multi Dealer to Client Market with an ISD European passport. Institutional Clients connect via the Internet and request for quotes from a number of Dealers prior to trading the best incoming price. BondVision Dealers are amongst those currently participating on the wholesale trading platform of the MTS Markets. Listed securities include euro Government bonds, Agencies, Asset backed securities and corporate bonds. Cash and Switch trading are supported.
   
   For more information, please go to www.bondvision.com
   
   
2. List of BondVision Dealers
   ABN Amro
   Banca IMI
   Banc of America Securities
   Barclays Capital
   Banco Bilbao Viscaya Argentaria
   BNP Paribas
   Caboto SIM
   Capitalia
   CDC Ixis CM
   Commerzbank
   Crédit Agricole Indosuez
   Credit Suisse First Boston
   Danske Bank
   Dresdner Bank
   Deutsche Bank AG
   Fortis Bank
   Goldman Sachs
   ING Bank NV
   JP Morgan Securities
   Lehman Brothers
   Merrill Lynch
   Morgan Stanley
   Société Générale
   UBM
   UBS
   
   
3. Danske Bank
   Danske Bank is the leading commercial bank in Scandinavia with a market capitalisation of more than 12 billion euros. Danske Bank has a strong presence in retail and wholesale banking as well as in Life & Pension, Asset Management, Mortgage issuance and Financial Market Trading throughout the Nordic countries. Danske Bank is dedicated to meet clients in any place they choose.
   
   
4. Contacts
   Allan Malvar
   Corporate Communications
   Tel. +44 20 7786 6049
   Email. malvar_allan@mtsgroup.org