NEW HEAD OF TREASURY SUPPORT CENTER(tm) TO DRIVE DEVELOPMENT OF OUTSOURCING SERVICE

Gothenburg, 28 June 2004 - Nordic Financial Systems (NFS), the provider of technical and business integration services to the treasury industry, today announced the promotion of Joakim Nyberg to head up its Treasury Support Center (TSC). Nyberg's new role will focus on developing the TSC and assisting NFS' clients in developing their system stability. Nyberg's promotion is in response to the rising demand for NFS' TSC services.

The TSC provides an outsourced business and IT management support function for treasurers globally. The service enables NFS' clients to take advantage of helpdesk / super-user access, systems surveillance and maintenance, as well as providing assistance on technical and functional development projects. Through the TSC, NFS clients gain instant access to a pool of industry professionals, built up from years of experience working with industry market leaders. By tapping into this knowledge, NFS clients can be assured that their systems are in line with industry best practice and can gain immediate competitive advantage.

During his time at NFS, Nyberg has accumulated extensive experience in project management with clients such as ABB, RWE and Electrolux. Commenting on his promotion, Nyberg said, "Access to the right level of business and IT support is imperative for our clients' business efficiency. I am delighted to take on the responsibility of driving forward our TSC service to assist our clients in realising their optimal systems environments. I look forward to the challenges this new position brings and will be focussed on enhancing the services we offer and further expanding our client base."

Magnus Lind, CEO, NFS, comments, "A growing demand for operational proficiency is resulting in an increasingly complex treasury systems environment, which in-house IT teams need assistance to support. This in turn is resulting in increased demand for the TSC. Joakim's appointment is key to enabling us to service the needs of our expanding client base effectively. He is a great asset to our company and he shows strong dedication in adding value to our services and customers. We are delighted that Joakim has taken on this new role."

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