NASDAQ OMX MAXIMUM ACCESS AND VISIBILITY TOWARDS GLOBAL AND LOCAL INVESTORS

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1 MAXIMUM ACCESS AND VISIBILITY TOWARDS GLOBAL AND LOCAL INVESTORS

2 JOIN THE WORLD S MOST RECOGNIZED BRANDS Listed Companies 2

3 OUR GLOBAL LISTINGS BUSINESS 8 LISTING OPPORTUNITIES U.S. NORDICS BALTICS LISTINGS ARE WORTH LISTS 3400 COMPANIES MORE THAN $ 520 BILLION IN MARKET CAP SWITCHED TO NASDAQ SINCE 2005 $6 TRILLION ONLY EXCHANGE IN MARKET CAP TO OWN CORPORATE SOLUTIONS 3

4 GLOBAL LISTING OPPORTUNITIES EUROPE MAIN MARKET COPENHAGEN HELSINKI ICELAND RIGA STOCKHOLM TALLINN VILNIUS ARMENIA GROWTH MARKET FIRST NORTH DENMARK FIRST NORTH ESTONIA FIRST NORTH FINLAND FIRST NORTH ICELAND FIRST NORTH LATVIA FIRST NORTH LITHUANIA FIRST NORTH SWEDEN FIRST NORTH NASDAQ OMX MAIN MARKETS NASDAQ U.S. U.S. MAIN MARKET THE NASDAQ STOCK MARKET GROWTH MARKET BX 4

5 PROVEN RETURN ON INVESTMENT IN THE NORDICS HIGH LONG TERM VALUATION Source: MSCI 2013 has a proven track record of high performance regardless if you compare 4, 10, 20 or even 40 years back in time. 40-year-average 30-year-average SWEDEN NORDIC WORLD USA EUROPE Historically, the stock market index of Stockholm has outperformed global markets. 20-year-average 10-year-average 4-year-average PLACE CHART HERE % 2% 4% 6% 8% 10% 12% 14% 16% 18% 5

6 TRADING IN OUR DIFFERENT MARKETS The level of assets allocated to cash equity assets in Sweden are higher than the European average. It is also higher than UK, France and Germany. Both Main Market and First North use one trading system (INET) with exposure to 184 Trading members. MAIN MARKET INVESTOR BASE FIRST NORTH INVESTOR BASE MAIN MARKET 2013Q1 TURNOVER TRADES FIRST NORTH 2013Q1 TURNOVER TRADES GLOBAL INVESTMENT BANKS 54% 58% GLOBAL INVESTMENT BANKS 19% 12% INTERNET BROKERS 7% 11% INTERNET BROKERS 46% 56% NORDIC BANKS 27% 21% NORDIC BANKS 23% 21% NORDIC BROKERS 12% 10% NORDIC BROKERS 12% 11% 6

7 HIGH MARKET QUALITY ATTRACTS INVESTORS RELATIVE QUOTED SPREAD COMPARISON VS EUROPEAN EXCHANGES 2,90% 3,02% With our world-leading exchange technology, high liquidity and best execution, our market is a more efficient place to trade. 1,21% Oslo Stock Exchange 1,91% 1,24% LSE On the spreads between bid and ask prices are narrower than for the other major exchanges in Europe. This is the case for blue chips as well as small cap companies. 1,44% Xetra 1,36% 1,68% Euronext Source: Bloomberg, June Matched samples of European stocks. Stocks are matched on market value, volume, relative tick size and volatility. Comparison is based on the top 7

8 PROVEN PLACING POWER The global reach efficiently supports an international investor base. GEOGRAPHY 15% UK 9% 10% 13% 27% 26% Domestic US RoW The investor base is a combination of global, Nordic, and local institutions, further supported by a strong retail segment. INVESTOR TYPE 30% 11% 59% Long Hedge Retail 2% OWNERSHIP 9% 15% 8% 27% 39% Foreign Investors Financial Institutions Public Sector Individual Investors Source: Factset Research. Example from Global Investment bank 8

9 MINING COMPANIES, PEER COMPARISON NORDIC VS LSE Companies matched on market cap All numbers are averages for 2012 The average turnover velocity, average number of trades and average turnover are higher for Nordic listed companies Turnover Velocity 220% 72% Nasdaq OMX Nordic London Stock Exchange No of Trades Turnover, EUR Million Nasdaq OMX Nordic London Stock Exchange Nasdaq OMX Nordic London Stock Exchange Source: Nasdaq OMX and London Stock Exchange home page (Trading Summary Factsheet) 9

10 LISTINGS ON NORDIC IN

11 COMPANIES GROW ON FIRST NORTH - OVER 30 COMPANIES HAVE MOVED TO THE MAIN MARKET

12 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Miljontal CASE LUNDIN GROUP TAKING THE BEST OUT OF CROSS- LISTINGS "We are pleased to be able to offer our shareholders the opportunity to trade their shares on First North. The listing on First North will facilitate our ability to satisfy investor appetite for our shares in Sweden. We look forward to welcoming many new shareholders to join Lucara on its exciting journey to become a wellestablished diamond producer TSX Toronto Stockholm Market Research. Data Source: Bloomberg The move to the Main Market of Stockholm is a significant step forward for Lucara and provides additional opportunities for investors to gain access to a very exciting diamond production story, said William Lamb, Lucara s President and CEO Listing done on the back of a significant growth in the Swedish shareholder base, thus adding liquidity and depth of distribution to prior listing at TSX Venture Exchange in Canada. Significant growth in the fraction of volumes traded at Stockholm, totaling ~75% of total daily turnover 12

13 EXPAND YOUR VISIBILITY AND GET A LOCAL FOOTPRINT

14 MIRROR YOUR BUSINESS REACH WITH A EUROPEAN (SECONDARY)LISTING MORE ATTENTION FROM EUROPEAN INVESTORS, ANALYSTS AND MEDIA INCLUDED IN KEY INDEXES CLOCK IN MORE TRADES AS TIME ZONES WIDEN INCREASED VISIBILITY & BRAND AWARENESS BROADENED INVESTOR BASE GREATER LIQUIDITY AND VALUATIONS ADDITIONAL RESEARCH COVERAGE BECOME ELIGIBLE FOR INCLUSION IN DIFFERENT EQUITY FUNDS TARGETING EUROPE MARKET IS A MORE EFFICIENT PLACE TO TRADE Fast track process available with 9 exchanges

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16 BELL RINGING CEREMONIES FOR GLOBAL VISIBILITY The NASDAQ MarketSite Bell Ceremony is televised globally each day live from MarketSite. The event is simulcast on the NASDAQ Market Site Tower and webcast on NASDAQ.com. Listed companies executive management, business associates, employees and their families attend. 16

17 : WHERE INNOVATION MEETS ACTION The one global exchange dedicated to giving the world s most innovative ideas the most innovative means of execution. ACCESS GREATER BRAND International investors and deeper institutional pools. Stock market liquidity and best execution. Building in the market, more value to our listed companies. 17

18 QUESTIONS? ERJA RETZÉN Managing Director