London - Summit Systems, a subsidiary of Misys plc, announced today that it had been voted the leading system in the Risk Magazine Technology Rankings survey. In addition to topping the poll in 5 categories, the capital markets software vendor achieved a second place in four additional categories and was the number one ranked vendor overall. Risk Magazine, a publication of Incisive Media plc, will publish the full results in its December edition and this will be followed by a formal ceremony in February 05. The survey’s aim was to rank technology vendors in the risk management and derivatives market. Risk subscribers plus customers of the software vendors made up the 370 voters who were free to recommend any software firm in 30 categories.

Paris – Summit Systems today announced that Centrobanca, the investment bank of Banche Popolari Unite (BPU Banca Group), has licensed Summit’s MUST tool for structuring, pricing and processing exotics and structured products. At the same time the Bank has acquired additionalmodules to support further instrument types including equity options, FX swaps and embedded FX spots.

Summit Systems, providers of the leading treasury and capital markets solution, has grown its front office and financial engineering team with several new appointments. They include James Baker who moves from Paris to Summit’s London operation to become Director of Front Office Support, and Alexis Viry who has joined from BNP Paribas and will assume the position of Head of Front Office for the Interest Rate Derivatives and Credit Group. It is anticipated that these roles will further advance Summit’s product strategy in the areas of credit derivatives and structured products.

On 11 October 2004, Summit Systems announced that it had been selected by BayernLB to provide a global system that will handle all instruments from trade entry through to settlement. The depth and breadth of Summit would allow BayernLB to replace over 16 existing systems used in various areas and locations of the Bank.

London and Atlanta, October 13th 2004 – Misys Wholesale Banking Systems will be launching an upgraded version of Misys Treasury at Sibos this week. Misys Treasury, a new ASP service that provides browser-based treasury management services, will now include cash balance and statement aggregation.

London, 12th October 2004 – The new generation compliance solution, Misys Eagleye, has been bought by IKANO Fund Management to help the fund management company address the application of the UCITS European Directive for its clients as well as other regulations in force now, in addition to those on the horizon.

Summit Systems today announced that it has been selected by BayernLB to provide a global system that will handle all instruments from trade entry through to settlement. The depth and breadth of Summit will allow BayernLB to replace over 16 existing systems used in various areas and locations of the Bank. Summit will enable BayernLB to centralise its operation in one global hub in Munich, with several hundred users accessing both directly and through Citrix from London, Hong Kong, Luxembourg, New York and Paris.

London, 8th October 2004 – Misys Wholesale Banking Systems (Misys) has developed a new application, Opics Compliance, which automates and centralises monitoring of the many limits and rules laid down by the regulators. It enables financial institutions to remove the need for manual intervention, speeds up compliance checks and reduces their operational risk.

London, 13 September 2004 - Misys Risk Management Systems today announces the signing of a strategic partnership with Allustra, a leading provider of enterprise cross-product collateral management solutions.

Misys Global Managed Services (Misys) today announced that Record Currency Management (Record), a specialist fund management firm, has gone live with the MT304 custodian notification service from Misys Treasury.

London - Summit Systems today announced that it has been selected to provide the software that will support Bank of Ireland’s business expansion into the rapidly growing credit derivatives market. Bank of Ireland Global Markets is responsible for global treasury operations within the Bank of Ireland Group and will install Summit at their HQ in Dublin. In addition to supporting its front office trading function, Summit will also handle all aspects of risk management and operations covering a wide range of instruments. This purchase builds upon the Bank’s existing Summit modules that include money markets, fixed income and interest rate derivatives.

Misys Wholesale Banking Systems (Misys) is proud to announce that Beijing City Commercial Bank (BCCB) has selected OPICS, its treasury, derivatives and capital markets solution, and Trade Innovation, its trade services solution, as a total solution to help the bank meet its ambitious growth objectives. The deal has been secured through Misys’ partner, Singlee Software Group.

Summit Systems continues to show steady client expansion with the announcement today of three major new deals in Europe, USA and Asia. The contracts have all been signed since the start of Misys plc’s new financial year starting June 2004, signalling an excellent start to the new year. The signings cover a range of asset classes including treasury, fixed income and structured trading - demonstrating Summit’s multi-asset class strength:-

New York / London, 23rd July 2004 — Misys Wholesale Banking Systems (Misys), a leading provider of financial software solutions, today announced that KeyBanc Capital Markets, the corporate and investment banking business of KeyCorp, has selected Misys Loan IQ as the software platform for its expanding agency syndication and servicing businesses.

London, Summit Systems has announced that it has been chosen by Abbey Financial Markets (AFM) to handle all its credit derivatives trades from booking through to operations. The purchase is part of a restructuring programme that is aiming to create synergies across the business, improving STP and efficiencies in all areas. Over the past few years, AFM’s credit derivatives business has grown in volume and complexity. In addition to supporting existing non-credit risky products, the new system will cover instruments such as default swaps, baskets and indexed trades.

London, 15 June 2004 - Almonde (UK) Ltd and Misys Risk Management Systems, providers of enterprise risk management solutions, today announced the release of a specialised Basel II solution for building societies in the UK.

Summit Systems, a leading provider of treasury and capital markets solutions, today announced that Industrial Bank of Korea (IBK) has gone live with its derivatives module. IBK, one of South Korea's leading investment banks, has implemented Summit FT for trading and risk management covering interest rate derivatives, equity and FX options. IBK has also installed Summit's innovative MUST tool for structuring and processing exotic products. MUST has been combined with Summit's BGM module for pricing to provide a comprehensive solution that will enable the Bank to take full advantage of the growing exotics market in South Korea.

London, 7th June 2004 – Misys Wholesale Banking Systems (Misys) today announced the launch of Misys Treasury, a new ASP service providing browser-based treasury management services for corporate treasurers and fund managers.

London, 26th May 2004 - Banque Internationale Arabe de Tunisie (BIAT), one of Tunisia’s leading corporate banks, has chosen OPICS from Misys Wholesale Banking Systems (Misys) as the IT solution to help spearhead its continued business expansion at its head office in Tunis. OPICS was chosen due to the system’s flexibility, advanced technology architecture and complete integration from front- to back-office.

New York, Summit Systems has today announced the release of phase II of its innovative MUST (Multi-Underlying Structured Trade) tool that helps traders easily create, process and analyse complex products and structured trades. Originally announced in May 2003, Summit has since invested considerable R&D resource and partnered with a major Tier 1 bank, to add pioneering functionality that positions MUST as a best of breed tool for both sellside and buyside financial firms.

London, 11 May 2004 - Misys Risk Management Systems today announced that Suncorp has selected Risk Vision, the advanced solution for enterprise wide risk management, as its new risk solution for traded market risk and treasury credit. The Australian banking, insurance and wealth management company selected Misys’ integrated market and credit risk platform to strengthen its treasury risk management infrastructure and support expansion into new lines of business.

Summit Systems today announced that South Korea's largest retail bank*, National Agricultural Cooperative Federation (NACF), has gone live with its front-to-back office solution for treasury and capital markets. In addition to providing the Bank with a straight-through processing solution, it will benefit from Summit real-time services including FX and bond positions, trade blotter and viewer, credit limits, market risk, confirmations and settlements, and real-time bond positions.

London, 28th April 2004 - Banca Popolare di Milano (BPM) has implemented OPICS, the treasury, derivatives and capital markets solution from Misys Wholesale Banking Systems (Misys), for its subsidiary in Dublin. OPICS has been installed at Engitech, who provide facility management services to BPM Ireland Plc, where the bank has no IT infrastructure. The bank went live with OPICS in January 2004, following less than 4 months of implementation.

London - SEB Merchant Banking, a division of SEB Group, one of the largest Nordic banks, has selected Summit Systems' treasury and capital markets solution to help consolidate risk monitoring for several desks into one single platform. The deal means that Summit's solution expands from focusing on derivatives at the Bank, to provide coverage across different asset classes, processing a wide range of trades from FX to futures, FRAs and swaps.

New York, March 16 2004 - Summit Systems today announced that the Federal Home Loan Bank of Seattle (Seattle Bank) will implement the Summit system to support the bank's investment and funding portfolios along with its associated hedging activities.

London, 19 February 2004 - Misys Risk Management Systems today announced the Go Live of Risk Vision, the company's market leading risk management solution, at the Treasury Corporation of Victoria (TCV), Australia. The solution will allow TCV and its stakeholders to benefit from improved risk evaluation tools and techniques, through a number of Risk Vision components - Risk Vision Data, Risk Vision Carma and Risk Vision Exposure.

London, 17th February 2004 - Philippine National Bank (PNB) has selected OPICS, the treasury, derivatives and capital markets solution from Misys Wholesale Banking Systems, to continue the improvement of its IT infrastructure by reducing risk and increasing efficiency.

London, 30 January 2004 - Misys Risk Management Systems today announces the expansion of its development capabilities with the official launch of its new centre in Bangalore.

New York - Summit Systems today announced that the Federal Home Loan Bank (FHLB) Boston has decided to implement the Summit system to manage the bank's investment and funding portfolios along with its associated hedging activities. A phased rollout will be conducted with the assistance of Summit's Consulting Services Group and is planned to conclude in Q4 of 2004.

Misys plc, the global software products and solutions company, today announces it has acquired substantially all of the assets and liabilities of IQ Financial Systems ("IQFS" or the "Company") a majority held subsidiary of Deutsche Bank for $40m in cash.

Summit Systems today announced that Bank of China, rated largest bank in Asia*, has chosen its treasury and capital markets solution to run the Bank’s interest rate front-office trading desk. The system went live in December 2003 and will enable Bank of China to gain a competitive advantage as the first derivatives trading desk in China. The system has been implemented in Beijing with further installations at multiple sites to provide the Bank with overseas remote access.