The Company Forbis announces expanding of its activity in the Russian market

Vilnius -7 September 2007

Forbis Ltd. - On March the 5th, 2007 in Moscow JSC “Форбис”, the subsidiary company of the Company Forbis, has been established and registered. This strategic decision of the Company has been dictated by expansion of the Company Forbis activity. Presently five big banks of Russia use the service provided by the Company and several banks intend to implement the banking information system FORPOST in the near future. The Company Forbis intends to develop the banking information systems FORPOST and to expand the services in the Russian market.

From 3 September Darius Latvys, ex-Chief Operating Officer, has taken up the position of Director General of JSC “Форбис”. Darius Latvys started his work in the Company in 1998. He is a highly qualified specialist, having almost ten years’ experience in professional activity and leading position in the Company. Darius Latvys has made important contribution to the Company growth, to the development of the banking information system FORPOST and its implementation in the banks.

Chief Executive Officer Andrej Zujev appreciated Darius Latvys‘s many years‘ work, entrusted position and emphasized: „Darius Latvys‘s new position – next positive step in the direction of the expansion in the Russian market. Darius is a modern, talented leader and our Company believes in Darius“.

Darius Latvys positively views new tasks and aims: „The beginning of JSC “Форбис” activity is a challenge and at the same time it is a new, important and attractive prospect. We forecast the rapid expansion of the banking information system FORPOST in the Russian market“.

Aleksandr Serebriakov, ex-Director of the Department of System Administration, has been appointed as Chief Executive. Aleksandr Serebriakov has been working in the Company since 2000 year. Andrej Zuev, CEO, commented this appointment: “I am sure of this decision and I am glad to see exactly Aleksandr for this position. Aleksandr is a real professional of the banking technologies and he has a great experience and knowledge”.

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