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IOOFSA purchases Bravura Solutions’ TalisTrust

Sydney, 10 April 2006 – Bravura Solutions (Bravura) today announced that South Australian Friendly Society IOOF SA LTD (IOOFSA) – a national Australian financial services provider – has purchased Bravura’s unit registry system, TalisTrust.

TalisTrust is a global solution for the administration of investment products, which will be used by IOOFSA to manage a diverse range of investment bond products, including funeral bonds and other life insurance investment products.

Mr. Ian Campbell, IOOFSA’s Deputy Managing Director said, “IOOFSA’s decision to purchase TalisTrust will result in significant time and cost savings, enabling us to focus on our customers and the important task of boosting service levels.

“We were previously using a number of separate systems to service clients. TalisTrust will enable IOOFSA to streamline these systems so that all customer details can be managed from one efficient component.”

Mr Iain Dunstan, Bravura’s Chief Executive Officer, said that IOOFSA’s decision to purchase TalisTrust reflects the success story of Bravura’s unit registry application.

“IOOFSA is the third company this year to implement a Bravura Solutions unit registry application. This shows that companies in the funds management industry recognise Bravura as a leading developer of wealth management solutions.

Talisflow, the workflow management application in TalisTrust, will enable IOOFSA’s client services team to control client policy processing in a way that reduces paperwork and improves management capabilities.”