Temenos scores high in IBS Sales League Table 2004

08 March 2005

GENEVA, Switzerland - 8 March, 2005, TEMENOS Group (SWX: TEMN), a provider of integrated core banking systems, today announced that International Banking Systems (IBS) has ranked TEMENOS T24™ in second place in its Sales League Table 2004. The company has appeared in the top two positions of the league table for six of the last seven years. In 2004, 28 new customers selected TEMENOS T24 and a further 2 selected TEMENOS CoreBanking™.

Andreas Andreades, CEO, TEMENOS, says: “The rise in new customer deals from 25 in 2003 reflects a successful first year for TEMENOS T24 since it was launched in early 2004. We also benefited from the continued expansion of the retail and universal banking sectors, which are increasingly adopting TEMENOS T24 and TEMENOS CoreBanking. Our position of strength is not only in the number of deals we make, but in the value of each deal, which is more than twice that of the market average.”

With an average deal size of more than double the quoted average deal size for all featured providers of around USD 1.1 million, TEMENOS clearly leads the industry.The March issue of International Banking Systems comments: “TEMENOS could have a case for arguing that it is ranked number one in terms of value of back office system sales.”

In addition to new client sales, the company has seen strong uptake from existing clients upgrading to TEMENOS T24. Last year, TEMENOS T24 attracted new clients including UBS Investment Bank, London; Sacombank, Vietnam; and United Nations Federal Credit Union in New York, US. In 2004, Bank for Agriculture and Agricultural Cooperatives (BAAC) and Bank Thai in Thailand selected TEMENOS CoreBanking.

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-ofday batch processing and so can genuinely boast of providing real-time 24/7 non-stop banking.

TEMENOS CoreBanking is a modern, scalable retail banking platform that is capable of handling growing business volumes of the very largest banks worldwide. It offers all the functionality required by operations on this scale, but a greatly reduced cost of transactions and operations compared with other, less efficient solutions. Above all, TEMENOS CoreBanking is a multi-bank system in a single software image that enables banks to develop new products across many channels quickly and costeffectively.

The IBS Sales League Table is published by IBS Publishing, and is based on sales of technology systems to the banking sector. IBS Publishing is dedicated to the wholesale, retail and private back office systems market sector.

-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