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COR FINANCIAL SOLUTIONS LTD APPOINTS TERRY MCCAUGHEY

June 10th 2003 - UK-based financial software solutions group COR Financial Solutions Ltd has appointed Terry McCaughey to its Advisory Board.

Mr McCaughey, who is a veteran of the securities industry, is well known in his field as the former head of HSBC’s securities processing businesses in the UK. He is currently an advisor to National Custodian Services, Omgeo and Invest Northern Ireland. He is also a director of the Securities Institute and a member of the Institute’s Chairman's Committee.

Mr McCaughey said, "I am delighted to be associated with COR and particularly to be working with COR's senior management, some of whom I had the pleasure of knowing when I worked at HSBC."

Steve Osborne, Chairman of COR Financial Solutions said "Terry’s substantial experience will help COR develop its product range and acquisition plan."