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Emirates Financial Towers, Office # S703
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WestLB goes live with TLM for cash reconciliations

London, 1st September 2003. SmartStream Technologies, the global
transaction management architecture provider, announced today that WestLB
has gone live on its TLM (Transaction Lifecycle Management) solution for
cash reconciliations.

The selection of TLM forms part of WestLB's global MIR project for
Matching, Investigations and Reconciliations. The objective of the MIR
project is to secure a single strategic software solution to be used across
the bank on a global basis to handle all of its transaction management,
contributing to reduced overheads and removing the operational
inefficiencies associated with fragmented, duplicated solutions.

This the first stage in a phased project that will lead to TLM being
deployed across the bank's operations in Europe, North America and Asia
Pacific to support confirmation matching, inter-system reconciliation, cash
and securities reconciliation, as well as managing the associated
investigations.