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Natexis Banques Populaires Singapore license NetIMEX

Hong Kong - March 11, 2004 - Surecomp, a leading provider of trade finance solutions for the wholesale banking industry, announced today that Natexis Banques Populaires of France, has licensed NetIMEX, Surecomp's highly acclaimed Internet-based Java trade finance front-end for it's Asia Pacific operations.

Natexis Banques Populaires is one of the leading French trade finance services banks. NetIMEX is Surecomp's Internet-based trade finance system, designed for use by a bank's corporate and commercial customers. The implementation of NetIMEX will allow Natexis Banques Populaires to provide a fully comprehensive front-to-back trade finance solution. The bank will be implementing NetIMEX version 3.0

Commenting on the licensing of NetIMEX to Natexis Banques Populaires's, Goh Joey Poh Natexis Banques Populaires Singapore's Head of Operations "The implementation of Netimex will fully integrate with our back-office tools to provide a comprehensive service system to our commodity and trade finance clients which will complement our expertise in this business line. We are confident that the integration will benefit our clients in terms of processing efficiency. This will enhance our competitiveness."

Commenting on the selection by Natexis Banques Populaires, Paul M. Thomas, Surecomp's Director, Global Sales said, "We are naturally delighted that the Bank recognized the tremendous operational benefits and efficiencies that could be realized by licensing NetIMEX in conjunction with IMEX. Natexis Banques Populaires is the second Singaporean financial institution to license NetIMEX and brings the number of NetIMEX users worldwide to 34."