COMIT GRUPPE ANNOUNCES NEW VERSION OF SWORD OPERATIONAL RISK SYSTEM AND SIGNIFICANT DEAL IN THE FUND MANAGEMENT INDUSTRY

19 May 2004 - COMIT Gruppe, the leading financial technology specialist has signed a deal with Henderson Global Investors, the international investment management company, to install SWORD (Version 4) risk management software.

Henderson will be the first organisation to take advantage of the newly released version 4 of the SWORD system that includes upgrades to both the risk assessment and reporting functionality.

Seamus O'Farrell, COMIT's Managing Director commented

"We are very much looking forward to working with Henderson during the implementation of SWORD. SWORD continues to be a state-of-the-art solution for companies that wish to carry out best practice in this area and comply with Turnbull, Sarbanes Oxley and Basle II. The new version of SWORD places the product at the leading edge of systems in this arena and makes it one of those systems that must be seriously considered in any selection process."

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