SMARTSTREAM GROWS MIDDLE OFFICE AND TRADE PROCESS MANAGEMENT TLM® SOLUTION BUSINESS

London, 1st September 2004. SmartStream Technologies announced today that Paul Rogers has joined the company as a senior appointment in its Middle Office & Trade Process Management solutions business. Rogers will be based in London and report to Lee Adams, UK Principle Consultant, focussed on TLM® PA (Transaction Lifecycle Management - Process Automation).

Rogers' appointment is in response to the demand SmartStream is experiencing for its Middle Office and Trade Process Management solutions. Adams, explains, "TLM® PA is empowering customers to leverage their existing infrastructure in the Middle Office to deliver a broad range of solutions from Order Routing, through Trade Confirmation and Cash Management to Exception Management. As our customers seek transaction management solutions that stretch across their enterprise - TLM® PA's non-intrusive technology is incredibly compelling."

Rogers brings with him deep STP knowledge and experience having held Product Manager and Consultant positions with Cable and Wireless, Fidelity Brokerage Services, Netik and most recently Omgeo. Commenting on his new position Rogers stated, "I'm delighted to be joining SmartStream as their solutions for the Middle Office are addressing some of the industry's most pressing concerns. With their robust, scalable, real time TLM® solutions, SmartStream are enabling institutions to take control over areas that remain exposed to unnecessary risk and cost."

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