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Martin Dolan is appointed Chief Executive at CR2

Dublin, 8th February 2005 - CR2, a global provider of channel and Internet banking, ATM and card payment software solutions, today announces the appointment of Mr. Martin Dolan as Chief Executive Officer at CR2.

An 18-year veteran of the Banking and Financial software industry, Martin previously held executive board positions within Kindle Banking Systems, and was later appointed General Manager to the Misys Group office in Dubai, before joining CR2 in September 2004.

Mr. Cian Kinsella a co-founder of CR2 and its Chief Executive will be leaving CR2 to pursue other interests. He remains a director and a significant shareholder in the company.

Mr. Cian Kinsella CR2's outgoing CEO says

"I am pleased that the company Ron Downey and I started in 1997 has achieved so much. Thanks to the great efforts over the years of our staff and management the foundation-stones of a great customer base, a great product range and consistent profitability have been laid. Martin has the vision and tenacity to lead the company to the next level"

Mr. Martin Dolan says

"The founders at CR2 have accomplished a great deal and have positioned the company for tremendous growth, despite the tough business climate of recent years. CR2 has a customer base of 120 banks who are incredible supporters of our banking applications and continue to endorse and adopt CR2's Multi-channel vision."

Mr. Martin Dolan continues

"Our multi channel solution offers opportunities for reduction in complexity and cost while facilitating the rapid deployment of new products simultaneously across multiple channels, hence we are ideally positioned to deliver measurable value to our customers and thereby grow our business."

This appointment is effective immediately.