UBS GLOBAL ASSET MANAGEMENT (UK) LTD HAVE SELECTED OM TO PROVIDE A NEW CORPORATE ACTIONS WORKFLOW SOLUTION

London, September 30, 2002 OM, a world leading provider of transaction technology to the financial services and energy markets, today announced that UBS Global Asset Management (UK) Ltd has selected OM to provide a new corporate actions workflow solution. OM Corporate Actions System (CAS) reduces the manual effort spent processing a corporate action by up to 70 percent .

"Considered the final frontier of manual, paper-intensive securities processing, automating corporate actions has become a high priority for institutions that are looking to reduce risk and achieve straight through processing (STP)," says Patrik Egervall, Global Head of Sales and Marketing, OM. "OM is finding that many institutions that process a large number of securities are very interested in our system’s ability to dynamically monitor positions and terms throughout the event lifecycle, and its provision of full multi-currency, multi-market support."

OM Corporate Actions System (CAS) will be presented at SIBOS (Stand B058), Europe’s premier financial services event. Daily demonstrations will be given of OM’s Corporate Actions System - a modern, flexible system that automates the corporate actions process so that only exceptions need to be handled manually. The solution’s key features include a robust exception system, the ability to dynamically monitor positions and terms throughout the event lifecycle, full multi-currency, and multi-market support. The system is user configurable, enabling it to handle the requirements of different event types and to better reflect the business practices of each company.

At SIBOS, OM will also feature Front to back office STP solutions, which deliver full trading capabilities through Order Management, Trade Management, Position Keeping, Trade Execution and Back Office For Hire, a fully outsourced service to the settlement industry.

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