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Barra Voted Best Enterprise Risk Management Provider for Second Year Running

Over 500 financial technology professionals rated Barra over competitors in leading industry survey

BERKELEY, Calif.– Sept. 20, 2004 – Barra, Inc., a global leader in risk management technology for investment professionals, has been voted Best Provider of Enterprise Risk Management Systems for the second consecutive year by readers of Waters magazine.

Over 500 industry professionals voted on the best financial information technology vendors across 24 different categories in the annual Waters rankings. Barra achieved its top rating yet again on the basis of its broad range of enterprise risk products -- BarraOne™, Barra Cosmos System™, Barra Aegis System™ and Barra TotalRisk® -- which combine cutting edge analytics with ease of use.

According to Waters, Barra risk tools display "the abilities to provide end users with accurate analytics as well as being flexible enough to adapt to each individual firm’s needs. In the enterprise risk management space, these attributes are the coin of the realm…Barra offers solutions which meet each client’s need, be it a desktop-based, server-based or hosted solution."

"We are delighted to have been awarded the accolade of Best Provider of Enterprise Risk two years in a row," said Henry Fernandez, chief executive officer of Barra. "This ranking from industry peers reflects the strength and depth of Barra’s product range. We are proud that our innovation and consistently high delivery of enterprise risk tools has been recognized."

Waters is a leading technology magazine published 10 times a year. Since its launch in 1993 it has been relied on by financial technology professionals worldwide for focused, in-depth coverage of financial market data and technology. Waters also operates a weekly updated Web site.