Commerzbank renews through to 2010 with Rolfe & Nolan

Frankfurt, May 4, 2004. Rolfe & Nolan today announced that Commerzbank has
renewed its global contract for the back office processing of its exchange-traded derivatives business.

Rolfe & Nolan provides Commerzbank with a proven, stable and reliable system for handling its futures and options business. Commerzbank processes most of its global exchange traded derivative business via Rolfe & Nolan products.

Commerzbank said, "We have an excellent relationship with Rolfe & Nolan, which we are keen to leverage. Rolfe & Nolan's proven systems, which offer Commerzbank the high-volume capacity that it needs - plus their high professional service culture, both contributed to this positive decision."

Colin Wade, Rolfe & Nolan European Sales Director commented, "Commerzbank is a much valued customer, in a highly competitive market. This affirmation of our continuing commercial relationship is very welcome with the renewal of this contract through to 2010. This renewal has also demonstrated that the continuity, flexibility and functional depth provided by Rolfe & Nolan's processing solutions becomes increasingly important to the continued growth of the customer organization the longer the relationship is in existence. This facet has often been apparent in renewals during the 30 years of Rolfe & Nolan's existence."

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