Trema Confirms Market Leadership with Hire of Rudi Schlett

- Trema hires Rudi Schlett as General Manager, Central Europe to service and expand strong regional client base
- Award-winning treasury solution used by more DAX 30 corporates than any competing system
- Trema and PricewaterhouseCoopers to host Executive Forum on 2 March 2004 in Düsseldorf

Frankfurt, 26 February 2004 - Trema, the premier provider of strategic treasury solutions, announced today the appointment of Rudi Schlett as General Manager, Central Europe. Rudi will be responsible for generating new sales and servicing Trema's customer base across Germany, Austria and Switzerland, which includes some of the world's leading financial and corporate institutions, such as Deutsche Post, Henkel, DekaBank and the Deutsche Bundesbank.

The appointment of a dedicated Manager reflects Trema's strong presence in the German region, with the highest market share of DAX 30 companies using Trema's treasury, risk, cash, and asset management solutions. Trema's leading position was recently recognized by Global Finance who gave it the 2004 award for the Best Treasury System in Europe. Trema is also a trusted partner to a large number of governmental financial institutions. 80% of the foreign reserves held by the current Eurozone central banks are managed by Trema software, including those of the European Central Bank.

Rudi joins Trema from XRT (formerly Cerg Finance Germany), where he also held the position of General Manager. Rudi has over 15 years experience of the German treasury market. Speaking on his appointment, he said, "I am very excited to have joined an organization with such a strong offering. Trema's domination of the DAX 30 is evidence of the superiority of the technology it offers and its suitability to the region. My focus now is to expand on Trema's success and cement its position as the leading supplier of strategic treasury solutions in the Central European market."

Trema's focus on Germany is highlighted by the upcoming Executive Forum that it is hosting in conjunction with PricewaterhouseCoopers in Düsseldorf on the 2 March 2004. The forum will bring together key decision makers from some of the world's leading corporates and will address the issues currently facing corporate treasurers today, including; in-house banking, efficient working capital management, IAS39 and hedge accounting.

Terry Beadle, Chief Marketing Officer of Trema, comments, "We are delighted to welcome Rudi to the Trema team. Rudi's appointment is a key step in our strategy to focus on growth in the central European countries and continuing to support our existing client base. As a leading provider of global treasury management solutions, we are committed to recruiting the best talent in order to meet our customers' ever-growing demands for risk reduction, transparency in financial dealings, efficiency in operations and ultimately cost reduction. Our experience in the region to date is testament to the strength of our technology offering, and we look forward to continued growth in this market."

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