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Fermat press release

Saint-Cloud, February 24 th 2005

Fermat, a leading provider of enterprise wide risk management software is pleased to announce that Paris based Société Générale Group has licensed Fermat Credit Risk Basel II (Fermat CAD-BII) risk weighted asset calculation engine.

Fermat CAD-BII modules retained by Société Générale Group consist in a Credit Risk Calculation and Reporting module, a Stress Testing module and a Regulatory Set Up for the French regulator.

A single Group production site will be set up.

Pascal Froux, CEO of Fermat, commented : "Société Générale Group is Fermat 12th Credit Risk Basel II reference. It is also Fermat 8th Credit Risk Basel II reference among euro zone top 20 banks."