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-- FMA – USA President joins Kalahari’s expanding global sales team --

New York and London. 22nd November, 2004 – Kalahari, a global provider of real-time price discovery and analytic solutions to banks, brokers and other financial institutions, today announced the appointment of Peter Wadkins as Sales Director, effective immediately. Peter, based in Kalahari’s New York office, is responsible for leading the company’s sales and expanding usage of its real-time trader analytics and data publishing technology – kACE and kACE DataPort – by the financial services community in the Americas region.

This appointment adds force to Kalahari’s success in the Americas market by adding to its ranks a proven sales manager whose extensive financial services expertise will help translate into strong revenue growth for Kalahari.

Peter joins Kalahari with more than thirty years’ experience within the financial industry. After successfully completing a management training program at National Westminster Bank in London, Peter’s first position was on the bank’s International Money Desk trading foreign exchange. Following that, he moved up through the ranks of various organisations before becoming Treasurer. During his career, Peter has managed trading rooms, trading desks, sales desks, brokerage desks, and is actively involved in advising on the development of leading edge broking and trading products.

Peter was appointed President of the FMA-USA (ACI) in 2000, and was re-elected for a further three year term in 2003. As President, he sits on the Foreign Exchange Committee of the Federal Reserve Bank of New York. His knowledge of the financial sector together with his track record in technology sales is considered a major asset for Kalahari.

In his role as Sales Director for the Americas region, Peter’s remit will include all sales and marketing, client management and business development within the Americas region. He reports directly to Nigel Weston, Kalahari’s director for the Americas.

Commenting, Nigel Weston, director for Kalahari in the Americas said: "Peter brings a whole new dimension to Kalahari. His admirable reputation, accomplishments and strong history make him the perfect fit for our team. Peter’s sales aptitude and proven track record for leading and managing successful teams, combined with Kalahari’s ground-breaking technology, will equip him to manage the company’s firm acceleration in the Americas region. Peter’s appointment is a testament to our ability to continue to deliver world class technology. We are pleased to welcome another strong candidate to our highly skilled team," he continued.