CITISOFT MARKS 15 YEAR ANNIVERSARY

*Citisoft announces PLC status and a move to new offices in the City
*Clients from UK fund management industry join the celebrations at a reception at Lloyd's

1st November 2001 - London - To tie-in with its 15th anniversary, Citisoft, Europe's leading consultancy for investment management, today announced new PLC status and a move to new premises in the City. Clients from across the industry will be joining Citisoft to celebrate at a drinks reception to be held in the Adam Room at Lloyd's tonight.

Citisoft launched in 1986 and since then has worked on projects covering every element of the investment management process. Citisoft provides a range of services including decision support and implementation, STP, client reporting, performance measurement and outsourcing. They have been involved in some of the most significant asset management systems projects of recent years. With a client base of more than 75% of the top 50 global asset managers, Citisoft is the leading supplier of business and systems consultancy to the investment management sector.

Jonathan Clark, Director at Citisoft comments "Over the last 15 years we have earned a reputation for providing a quality service and cost-effective solutions to the industry. The move to PLC status is an indication of the direction in which the company will be heading over the coming years. We would like to thank all our clients for their support and look forward to working with them in the future."

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