EXPANSION PROMPTS GISSING SOFTWARE OFFICE RELOCATION

- Growing your link with the financial markets -

London, 18 April 2005 - Gissing Software, a leading supplier of software and services to financial institutions, today announced the opening of its new UK head office in Bromley, Kent. An expanding product portfolio, growing client base and more than doubling of staff numbers over the past year have provided the catalyst for the relocation. The office provides much needed space for the company to continue developing and delivering solutions to its clients for distributing, capturing and manipulating real-time market and trade data. Gissing’s product portfolio also includes transaction and STP solutions and real-time tools for Microsoft Excel.

Gissing Software’s clients include tier one banks and brokers such as ABN AMRO, Royal Bank of Scotland and Merrill Lynch. They recently announced GFI and WestLB as the latest customers to adopt ConteX MCS, its multi-contribution system. The company also successfully launched RealtimeXL as the new generation of real-time pricing tools last month at DWT New York. RealtimeXL is installed at two large investment banks and is generating significant interest in the market place. The UK launch of RealtimeXL will take place at DWT London, on 11th May 2005.

Mike Vieyra, CEO, Gissing Software, says "Our understanding of the needs of the market is demonstrated by the success of our products and increasing client base. The move reflects our commitment to the future growth of the company. The new office will provide hi-tech facilities for the continued development of all our products as well as providing a base for the Gissing European sales team."

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