1 September 2004 – CC-Bank, the consumer finance subsidiary of Santander Group in Germany, has awarded Misys Retail Banking a £multi-million contract to provide an international core retail banking system, critical to the bank’s modernisation and European roll-out. The Misys solution, Equation, will consolidate two legacy systems and standardise the bank’s IT infrastructure enabling CC-Bank to centralise customer data and provide 24/7 online account access for its 3.1 million customers.

The implementation of the Misys solution will also significantly enhance the bank’s international expansion capabilities, streamlining its systems and allowing the bank to replicate its business model across Europe. Basel II and IAS functionality will also allow the bank to meet new international rules as well as all German-specific regulatory and banking requirements. The first phase of the installation of the new system, Equation, will go live in spring 2005, and the roll-out will be completed over three years.

Mr. Manfred G. Hanke, Managing Director of CC-ITS GmbH, the IT Services Company of CC-Group: “We support the CC-Group’s strategy to expand internationally, particularly across Central and Eastern Europe in countries such as Poland, the Czech Republic and Hungary. The new core banking system from Misys will allow CC Bank to replicate the local country business model across other countries.”

Andrew Derrer, CEO of Misys Retail Banking, said: “CC-Bank is the biggest independent provider of car loans in Germany and also number one in financing consumer goods. We have an excellent track record in the successful delivery of financial systems in Europe and the functionality specific to the German market, such as Bundesbank returns and domestic payments and regulatory requirements such as Basel II and IAS accounting. Our expertise in the international retail banking software market will not only enable the bank to modernise its systems and improve customer service but also give CC-Bank the capability to roll out across Europe. Retail banking is a major focus for Misys and this win is another big step forward in our continuing success in Western Europe.”

The Misys solution can be easily integrated with CC-Bank’s existing front-end IT systems. This will ensure the customer experience remains familiar and the bank’s customer-facing staff training needs will be minimised.

About CC Bank
On 1 August 1957 the merchant Curt Briechle founded the “Curt Briechle KG Absatzfinanzierung” in Moenchengladbach, Germany. Since 1987 the company has operated under the name CC-Bank AG and today is the leading independent financing institution for cars and consumer goods in Germany.

CC-Bank cooperates with some 27,000 car dealers and more than 11,000 dealers in the durables business, such as furniture, consumer electronics, computers, motorcycles, car components, healthcare institutions, and DIY-stores.

As of 30^th of June the amount of loans grew by 21 percent, compared to 2003, to 11.2 billion Euro. The number of credit accounts grew by 19 percent to 2.4 million. With its 1,700 employees CC-Bank serves more than 3.1 million customers.

CC-Bank is a 100 percent subsidiary of Spain’s biggest bank, Santander Central Hispano. Grupo Santander operates in 42 countries worldwide with about 9.200 outlets, and has 103,000 employees. The bank serves more than 36 million customers worldwide, and has subsidiary operations – among many others – in Austria, the Czech Republic, Hungary, Italy and Poland.

About Misys Retail Banking
Misys Retail Banking is the global retail banking systems vendor that provides innovative packaged software solutions to help retail banks improve business processes, develop new revenue streams, enhance customer relationships and reduce costs. The business employs over 700 people and operates out of a network of offices in 28 countries.

Misys offers two leading retail banking software solutions. Bankmaster is a fully integrated set of banking applications that provides the flexibility to bring new and varied products to market and supports multi-delivery channels. Equation is an integrated, multi-currency, multi-lingual retail banking system that supports all areas of a bank’s operation from a single automation platform.

Misys Retail Banking is part of Misys plc, the global software products and solutions company, that serves customers in the international banking and securities, international healthcare and UK general insurance industries. Through a wholly owned subsidiary, Sesame, Misys also provides business process outsourcing services to independent financial advisers in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries. . It employs over 6,000 people internationally, with customers in over 120 countries and reported revenues of £900m (US$1.5bn) for the year ended 31 May 2004.