10th October 2006 - Misys Banking Systems, a global leader in banking software and solutions, announces today that IDFC, one of India's leading financial institutions, has gone live with its asset & liability management solution, Misys Almonde.  IDFC is using Misys Almonde to manage the risks arising from interest rate movements and to manage liquidity risk.

The implementation was very rapid, covering complex data modeling, off-site testing and integration with existing systems.   Interfaces were built with minimal disruption between Misys Almonde and all the internal systems in the head office in Mumbai, including its core system and treasury management solution.  Lastly, following a very successful off-site model being run to test the operation, the system went live.

"We have already seen a saving in the amount of time it used to take us to collate and perform data analysis," comments L K Narayan, Chief Financial Officer, Infrastructure Development Finance Company (IDFC).  "Misys Almonde has enabled us to simulate our balance sheet with anticipated loan disbursals and interest rate and exchange rate scenarios, saving us a huge amount of time and increasing our operational efficiency.   We are now able to generate regulatory reports on a regular basis and our MIS reporting has greatly improved." Dr. Hemant Manuj, Director Risk, IDFC, added "The expert team supporting us from Misys has made the implementation as smooth as possible in significantly less time than we had budgeted.  We are very pleased with the initial use of Misys Almonde and are looking at further opportunities where we can use the expertise of Misys."

Mark Davies, Managing Director, Misys Almonde, Misys Banking Systems, adds, "IDFC's long-term success depends on a strong balance sheet and we have enabled the business to make accurate and reliable decisions through Misys Almonde's sophisticated statistical analysis and economic and behavioral scenario analysis.  We look forward to building on this collaborative success with IFDC and working with the bank on similar projects in the future."

Caroline Parker             Edward Taylor
Financial Dynamics     Global Head of Public Relations,
                                         Misys Banking Systems
+44 (0) 207 269 7295     +44 (0) 777 55 66 561
caroline.parker@fd.com   edward.taylor@misys.com

Prabhakar Saxena
India Country Manager
Misys Banking Systems
Mobile : +91-9820128775
Email: psaxena7@gmail.com

Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.

Misys plc (FTSE: MSY.L), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com

IDFC's business strategy is to be "India's Specialist Infrastructure Institution" with an infrastructure-focused project finance, investment banking and asset management franchise. This strategy is predicated on assembling the best infrastructure-focused financial engineering talent in the country. In the long run, our edge will come from deep domain knowledge.

IDFC's share in annual bank lending to infrastructure sector is about one-fourth. In the past two years, IDFC has helped finance the addition of about 3600 MW power generating capacity, 1000 kms of new roads, and 3.5 million TEU of new container handling to our ports (of which 70% is already operational). In roads, of the 75 or so projects awarded under Public Private Partnership financing structures, IDFC has participated in 25; in ports, of the 12 projects bid out by state maritime boards/ major ports so far on BOT basis, IDFC has participated in 6; and in airports, of the 5 projects bid out for privatization, IDFC has participated in 3.

In the last five years, IDFC's loan book and balance sheet have grown by about 50% per annum and 40% per annum respectively. Today IDFC is already the single largest debt & equity financier of privately sponsored infrastructure in the country. It has a balance sheet of US $ 3 billion and US $ 630 million of third party equity capital under management for deployment only in the Indian infrastructure space.