Noble Asset Managers Extends Service Contract with SunGard SunGard Investment Management Systems to Provide Processing for Scottish Private Client Fund Manager

LONDON, May 7, 2003 - SunGard Investment Management Systems, an operating
group of SunGard (NYSE: SDS), today announced that Noble Asset Managers Ltd
(NAM) has extended its service contract with ePAL, demonstrating continued
confidence in SunGard's ASP-based private client investment management
solution. SunGard Investment Management Systems is a leading international
provider of investment management software solutions for the front-, middle-
and back-office activities of global asset management firms. ePAL provides
comprehensive private client administration services to stockbrokers and
fund managers in the UK, incorporating an extensive reporting package
covering all aspects of portfolio movements and activities, including
performance reporting and valuations.

NAM specialises in the management of investment portfolios for private
investors in the UK. The extended service contract for the use of the ePAL
solution will enable NAM to continue to enhance its premium service for
private clients, trust and pension funds, with a high level of quality
reporting via the Web, to complement the level of service and consistent
investment returns that they already enjoy.

In addition to the extension, NAM has subscribed to the Portfolio Internet
Managed Service (PIMS). This secure managed service allows NAM to publish
clients' data direct to the Web for viewing by the end customer from any
location. The service has full security via client password and unique user
identification. The two can be run independently or as an integrated service delivering an optimum strategic investment management solution for NAM.

Jeremy Richardson, chief executive, Noble Asset Managers, said, "After
considerable due diligence we migrated to ePAL and went live in October
2000. We have been delighted with the support and service received from
SunGard since that date. Investment markets have been extremely challenging
but we have been able to grow our funds under management, client base and
attract new investment managers to our team - the quality of the ePAL
product has contributed to our success in all of these areas. Additionally,
SunGard's commitment to continue developing its product for the UK private
client community was a major factor in our decision to extend our contract
and subscribe to PIMS. Early feed-back from clients and intermediaries on
the PIMS service has been extremely encouraging."

John Munro, president of ePAL at SunGard Investment Management Systems,
commented, " We are delighted to be working with Noble Asset Managers,
delivering the products and services that ensure the quality of reporting
that their clients demand. Having NAM as part of our own client portfolio
increases the profile of our service amongst private client investment
managers in the UK and we look forward to continuing our already
longstanding relationship with them."

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