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Raft International's raft credit system goes live at Norsk Hydro AS

London – December 19, 2005 - Raft International Plc, a leading provider of risk management solutions and services, today announced that Norsk Hydro AS ("Hydro"), a Fortune 500 energy company, has successfully implemented raft credit, Raft’s market leading credit risk management solution.

Hydro implemented the core raft credit solution, which provides enhanced credit risk management capabilities, including exposure management and reporting as well as sophisticated workflow.

Bent Gary Andersen, Head of Risk at Hydro Oil & Energy Markets said "Credit Risk Management is an important issue for Hydro and the successful implementation of raft credit is consistent with Hydro’s objectives of aligning its approach to credit risk management with industry best practice."

"As with all of our projects, on-time, on-budget delivery of the system was essential," said David Priestley, Chairman and CEO of Raft. "The commitment of both the Hydro and Raft teams working on the project ensured that this was achieved within three months."