Ubitrade Sells Fermat's Risk Management Suite To German Bank Eurohypo AG

Ubitrade, a leading supplier of advanced system solutions for trading and
risk management for capital markets, today announces the sale of Fermat's
Risk Management suite to German bank Eurohypo, as a result of the agreement
signed by Ubitrade to sell, integrate and support Fermat's product range in Germany. This product range addresses both normative (Basel II, IAS) and
economic risk measurement (ALM, global credit risk monitoring).

In 2002, Deutsche Hyp, Eurohypo and Rheinhyp merged to create Eurohypo AG, one of the German leading banks for real estate and public sector
financing.

Following this, a new technical architecture was required, as well as a
common software suite set to monitor risks and to enable global business
operations.

After having carried out a comparative review, Eurohypo AG decided to
acquire Fermat's risk management package, which addresses both normative
(Basel II, IAS) and economic risk measurement (ALM, global credit risk
monitoring).

Hans-Joachim Lübbing, Project Manager at Eurohypo, commented: "Fermat's
risk management suite will allow us to face current and upcoming regulatory
and economic requirements. We also share Fermat's vision of the Financial
Datamart, which we consider to be the cornerstone of our future risk
management platform.

Other key element was Fermat system's ability to handle large data volumes
with high performances."

Jean-Luc Wibaux, CEO, Ubitrade, commented: "The winning combination of
Ubitrade and Fermat has been a key element in the success of this project.
Fermat has a unique track record in implementing regulatory risk, credit
risk and asset & liability management systems. We believe that this deal
will encourage other financial institutions in Europe to acquire a system
enabling them to comply with normative and economic risk requirements. An
open and flexible system such as Fermat's is necessary to support
enterprise-wide risk within financial institutions."

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