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Change in the Management Committee of Fininfo SA

Farzaneh Deravi has been named as the Managing Director of Fininfo SA by the Fininfo SA Board of Directors with immediate effect. She is replacing Dominique Leblanc in this function, who will continue to support the integration process with Telekurs Financial for a period of six months as the Senior Vice President of Fininfo SA. Comprising Farzaneh Deravi’s area of responsibility will be Fininfo's activities in France, Monaco and Morocco, the Fininfo and Telekurs Financial business units in the Benelux countries and all La Cote Bleue and EuroPerformance activities.

Born in 1962, Mrs. Farzaneh Deravi has followed a multidisciplinary academic course: she is a computer engineer, has earned a Master’s Degree in International Finance and Economics at Paris-Dauphine University and recently obtained a Ph.D. in Language Science at Paris-VIII University. She began her professional career in France in 1989 as a project manager in the IT department of the Banque Bruxelles Lambert France. She worked as a management consultant for la Banque du Bâtiment et des Travaux Publics, Compagnie BTP in Paris before joining the Banking and Financial Division of la Caisse des Dépôts et des Consignations (CDC) to ensure the coordination of their IT Strategic Planning. In 1997, she joined UBS AG as the IT integration Manager in Zurich before returning to Paris in 1998 as the Chief Administration Officer and Head of Information Technology, acting as a Board Member of UBS (France) S.A. in Paris. From 2001 to 2002, she was Vice President of the Office of Technology Europe for Cable and Wireless in Paris. Since 2005, she has undertaken several assignments as an independent management and IT consultant.

Through the recent merger with Fininfo, Telekurs Financial has significantly improved its market position in several European countries, particularly in France and Scandinavia, advancing it to third place in Europe among financial information providers. The next step, which has been ongoing since the beginning of October, entails the integration of the two companies.