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Ex-CEO of London Stock Exchange joins Mosaic Software Board

London, 4 December 2001 – Mosaic Software Holdings Limited is proud to announce that Gavin Casey has joined their board of directors. Casey was chief executive of the London Stock Exchange until September 2000.

Casey is looking forward to a close working relationship with the people of Mosaic Software. "I was very taken with the Mosaic team. They are a bright group with strong management, operating in a fascinating business," he says.

As chief executive of the LSE, Casey was responsible for implementing the strategy agreed by the board; for demutualising the exchange, enabling it to become a for-profit company; and for turning round the fortunes of the
Exchange over a period of four years. Before joining the LSE in 1996, Casey served as group finance director and later chief operating officer of Smith New Court plc, an international securities house based in London (acquired
by Merrill Lynch in 1995).

Willem van Biljon, Group CEO of Mosaic Software, says this is a strategic addition to the board. "Gavin’s experience and in-depth knowledge of the financial markets and European business environment in general will
be of huge benefit to Mosaic, and will complement the management team and the board".

Recently, Paul Maritz, ex-Microsoft executive, was also appointed to Mosaic Software’s board of directors.

Mosaic Software is a leading-edge provider of EFT software for consumer-generated electronic transactions. The company is firmly established in the EFT industry and its solutions drive operations in 28 countries. Mosaic’s core product, Postilion, has a highly scalable modular systems architecture, which allows it to be deployed across a wide spectrum of applications, from ATM driving through to regional or national transaction switches that process millions of transactions per month.With solutions that position it for global leadership in a number of market segments, a cost-effective Windows 2000 and Intel platform, and Java-based development tools, Mosaic Software is well placed for rapid and profitable growth.