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Rhyme Systems Promotes Bebber to Sales Manager

London 9 August 2004: Rhyme Systems today announces it has strengthened its
commercial team with the appointment of Paul Bebber as Sales Manager.

Rhyme specialises in helping buy-side investment firms unlock the hidden value of the back-office. Rhyme's customers include Lloyds TSB, Barclays, Jupiter, Rathbone, M&G, Brewin Dolphin and Coutts.

Paul is an experienced account manager, with a strong track record in developing existing business and sourcing new clients. Prior to becoming Sales Manager, Paul spent five years as a Senior Account Manager with ACT, Misys Asset Management Systems and then Rhyme after the MBO.

Bob Whigham, Client Services Director of Rhyme Systems, comments: "This appointment underlines our commitment to the long term growth of Rhyme. We are already seeing exciting changes at Rhyme, and with Paul's strong background in sales and experience of the asset management sector, he will be an invaluable member of the senior commercial team. He has proved his mettle as a Senior Account Manager. Paul is both authoritative and extremely approachable and is very highly regarded by his clients."

Paul Bebber comments: "I am delighted to have been given this new role at Rhyme. My main objectives are to strengthen existing client relationships and actively seek growth and business development opportunities. The company has an innovative, dynamic new brand and a willingness to positively embrace the freedoms associated with their change in ownership. Our focus is now firmly on the back-office operations end of the UK asset management market, and we are a market leader in our sector."

Paul takes up his new position in August.