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Alberta Investment Management Goes Live on Eagle’s Solutions

Boston, MA – June 8, 2004 – Eagle Investment Systems Corp. today announced that Alberta Investment Management, a department of the government of the Province of Alberta, has deployed Eagle’s Web-based portfolio management solution for enhanced data management and investment reporting. Alberta Investment Management has approximately $40 (CAD) billion in assets under management.

Assisted by Eagle Professional Services, Alberta Investment Management has implemented Eagle PACE™, a data hub and portfolio management system, and Eagle Portal, a Web-based information delivery vehicle. Combined with its existing trade order management and investment accounting solutions, Eagle’s solutions are assisting Alberta Investment Management in reporting on investment data for all of its asset classes including equity, fixed income and its derivatives portfolio. Additionally, the “see-through reporting” functionality capabilities of Eagle PACE are enabling Alberta Investment Management to report on exposure from derivative securities, through pools, to the total fund level.

“Improved service and enhanced reporting capabilities were the driving factors in choosing a new solution to report on our funds,” said Jai Parihar, Alberta Investment Management chief investment officer. “Eagle PACE has positioned us for the future, while giving us the flexibility and tools we need to report timely information to our clients today.”

“We're very excited that Alberta Investment Management has joined our growing family of Canadian clients that use Eagle’s solutions to streamline their operations,” said David Palten, Eagle president and chief executive officer. “The comprehensive and flexible reporting functionality offered through Eagle PACE empowers Alberta Investment Management to fulfill its clients’ diverse reporting requirements.”