Linedata Services Maintains its Offer for FMC

Paris, December 31, 2004 - Linedata Services announced today that it will maintain its offer to purchase all of the outstanding shares of Financial Models Company Inc. ("FMC") in exchange for a combination of cash and Linedata shares valued at approximately C$12.75 per FMC share.

Linedata Services is aware that, on December 29, 2004, a company controlled by Mr. Stamos Katotakis purported to make a competing offer (the "Katotakis offer") to purchase all of FMC’s shares at a price of C$12.20 per FMC share in cash, subject to numerous conditions including conditions related to financing. Linedata Services is of the view that the purported Katotakis offer does not comply with applicable law and that certain FMC shareholders who together hold more than 50% of the FMC shares currently outstanding continue to be contractually committed to tender their FMC shares to Linedata’s offer notwithstanding the purported Katotakis offer.

Linedata Services is also of the view that its offer is superior, financially and otherwise, to the purported Katotakis offer. By offering Linedata Services shares in exchange for 30 percent of each FMC shareholder’s holdings, Linedata’s offer enables the shareholders of FMC to benefit from the substantial synergies and creation of shareholder value induced by the transaction, which aims to create the leading global vendor of solutions to the asset management community.

An Independent Committee of the Board of Directors of FMC, which is currently assessing the Katotakis offer, has encouraged Linedata Services to maintain its offer. Linedata Services remains fully mobilised to complete this transaction.

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