Citigroup Global Transaction Services Licenses SunGard Integrated Solutions

NEW YORK CITY - February 16, 2004 - SunGard (NYSE:SDS) today announced that Citigroup Global Transaction Services has licensed several SunGard integrated solutions to support its third party administration (TPA) business in North America. Under the agreement, Citigroup will use SunGard's INVEST ONE, an investment accounting solution; XAMIN, a performance measurement and attribution system; Investar*ONE, a shareholder recordkeeping system; and PowerImage, a workflow and document management system, to manage its book of business.

INVEST ONE is one of the industry's most trusted multi-currency investment accounting and reporting solutions. INVEST ONE processes nearly $9 trillion in assets and supports virtually any type of portfolio, including mutual funds, unit trusts, institutional funds and hedge funds. Eight of the 14 leading TPAs in the U.S., five of the eleven leading TPAs in Ireland, and two of the six leading TPAs in the U.K. use INVEST ONE as their principal investment accounting platform.

Citigroup has been an INVEST ONE customer since 1999, using the system for its master trust accounting operations. In 2003, Citigroup announced its intention to enter the TPA business in North America and purchased Forum Financial Group-also an INVEST ONE customer-to help establish a strong presence in fund accounting.

INVEST ONE is integrated with Investar*ONE, a leading mutual fund shareholder system that provides real-time processing. Investar*ONE offers a scaleable platform and integrates seamlessly with PowerImage, a workflow and document management system that digitally captures images to create a database of thousands of documents. In addition, INVEST ONE is integrated with XAMIN, which facilitates AIMR/GIPS (Association for Investment Management and Research/Global Investment Performance Standards) compliance standards and allows users to access a wide range of global, daily and monthly performance information.

Bettina Slusar, senior vice president of global accounts at SunGard, said, "This expanded relationship demonstrates SunGard's commitment to leverage our vast array of product and service offerings for the benefit of our customers.

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