TEMENOS GROUP AG (“TEMENOS”) STATEMENT REGARDING EXTENSION TO TAKEOVER CODE DEADLINE

For immediate release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Temenos notes the announcement today that the Misys plc (“Misys”) 'put up or shut up' deadline has been extended to 5.00 p.m. on 2 April 2012 in accordance with Rule 2.6(c) of the UK Takeover Code.

Temenos continues to believe that a combination with Misys has compelling strategic logic and would create one of the leading companies in the financial services software industry, benefitting from enhanced scale and growth prospects.  It is also expected that the combination will yield significant cost savings and operational synergies through scale efficiencies and cross-selling opportunities.

Discussions between the parties are continuing.  There can be no certainty that any transaction will take place, nor as to its terms.  A further announcement will be made as and when appropriate.

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Enquiries:

Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Temenos Group AG in connection with the matters described herein and no-one else and will not be responsible to anyone other than Temenos Group AG for providing the protections afforded to clients of Lazard & Co., Limited.

Morgan Stanley & Co. Limited is acting as financial adviser to Temenos Group AG in connection with the matters described herein and no-one else and will not be responsible to anyone other than Temenos Group AG for providing the protections afforded to clients of Morgan Stanley & Co. Limited or for providing advice in relation to the contents of this announcement.