First half of year sees strong demand for TEMENOS T24

09 August 2004

Geneva – 9th August 2004 – TEMENOS Group AG (SWX:TEMN), a provider of integrated core banking systems, today announced that more major banks have signed for its flagship core banking solution, TEMENOS T24, since the beginning of the year.

TEMENOS has reported strong uptake in both terms of upgrades from TEMENOS GLOBUS™, Schroders in Zurich, Switzerland and Hatton National Bank, Colombo, Sri Lanka, as well as new sales including:

• UBS Investment Bank;
  
• Sacombank, Ho Chi Minh, Vietnam;
• United Nations Federal Credit Union (UNFCU) in New York, US;
• Anglo Irish Bank in London, UK and Dublin, Ireland;
• Overseas Private Investment Corporation (OPIC), Washington, US;
• Banque de France in Paris, France;
• Raiffeisen Krekova Bana, Ljubljana, Slovenia;
• Bank of Botswana, Gaborone, Botswana;
• Joint Stock Commercial Bank for Social Development, Kiev, Ukraine;

Andreas Andreades, CEO, TEMENOS, comments: “We are delighted with the global market’s take up for TEMENOS T24. The flexibility of our company and our products have enabled us to win deals with some of the world’s most prestigious banks”.

TEMENOS T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on an open architecture, and uses established standards such as HTTP, XML and J2EE. It offers a single client view across the enterprise and can support huge numbers of users with true non-stop resilience. It offers multiple application server support and is the only system available with no end of day batch processing and so can genuinely boast of providing real-time 24/7 non-stop banking.

-ENDS-

About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com

For more information, contact:

Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com

Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com

Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com

Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com