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Hank Uberoi former Goldman Sachs Technology Co-COO takes stake in Coexis and position on the Board.

LONDON – 22 June 2004:. Coexis, providers of process-oriented and rules-based Syn~ software for the whole spectrum of investment and commercial banking, has announced the appointment of Hank Uberoi to the Board as non-executive director following his investment in the company.

Until 2002 Hank was a Partner Managing Director and Co-Chief Operating officer of the technology division at Goldman Sachs. After over 14 years at Goldman Sachs Hank joined the Citadel Investment Group, one of the largest hedge funds in the world, where he was the Chief Operating Officer and managed a significant Equities investment business unit.

Commenting on his investment, Hank said: "Coexis has a great team of people whom I have known and worked with for over ten years. They have developed a very promising product in Syn~ which I am confident will be very successful in the marketplace."

Hank will advise Coexis on overall strategic issues.

Terry Williams, chief executive officer of Coexis said: "I believe Hank’s addition to the team is a key milestone in accelerating the development of Coexis. His investment now demonstrates his faith in us and our Syn~ products to revolutionise the delivery of fast-to-change and low-cost-to-run software for capital markets."