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Raft International's raft credit system goes live at Mirant

London – December 7, 2005 - Raft International Plc, a leading provider of risk management solutions and services, today announced that Mirant Corporation, a major U.S. wholesale energy marketer, has successfully implemented raft credit, Raft’s market leading credit risk management solution.

Mirant, a Fortune 500 energy company, implemented the core raft credit solution which provides enhanced credit risk management capabilities including: exposure management and reporting, sophisticated workflow and comprehensive collateral management.

Steve Brown, Global Credit Manager at Mirant said "I am extremely pleased that the project has been completed on time and within the budget established. I view this as a fine example of how IT and the business can work together to achieve common goals and success." Added Brown, "Of most importance, enhanced reporting capabilities enable us to provide more effective credit risk management and commercial support."

"On-time, on-budget delivery of raft credit was imperative." commented David Priestley, Chairman and CEO, of Raft. "We worked closely with Mirant’s business and technical teams to ensure that this was successfully achieved."