Financial Software Limited and Sage (UK) Limited announces the launch of Sage Capital Gains

London, April 2006

Financial Software Limited (FSL) is delighted to announce its agreement with Sage (UK) Limited to launch Sage Capital Gains, a capital gains tax calculation product for accountants.

Sage Capital Gains is a comprehensive web-based capital gains computation engine for accountants, that enables them to quickly and accurately deal with capital gains calculations on behalf of their clients. The easy-to-use system features an integral securities database, containing income and capital histories, as well as 1965 and 1982 re-base prices. This guarantees the accuracy of securities capital gains calculations.

David Pirrie, Director of FSL stated: “The project to bring a full scope CGT and investment income system to the accountancy community was significant, and certainly reflects the commitment by Sage (UK) Limited and FSL to bring to this community, the power and functionality only previously available to the largest banks and investment houses. We are excited by the opportunity that Sage Capital Gains gives us to broaden the scope of our investment taxation product. Our combined experience of the needs of both the investment management and the accountancy communities will benefit both, in the quality and breadth of service that can now be offered to their clients.”

Brendan Flattery, MD of Sage (UK) Limited’s Accountants Division comments: “With over 14,000 accountant and 600,000 business customers Sage has unrivalled experience of the UK market place. As a result we are able to provide products and services that meet the needs of the UK accountant community, helping them to improve efficiency, save time and provide value added services to their clients. Capital gains tax calculation is an important service offered by accountants to their clients and Sage Capital Gains allows users to make these calculations as quickly and precisely as possible.”

The key features of the solution include:

• Web-based solution. Provides ease-of use for authorised users, there is no need to install the software on local machines. This enables staff to work from any location with Internet access

• Pre-populated securities database. Users can obtain an accurate history on all-share holdings, even without all the information from the client

• What-if tool. A key value-add option for investment portfolio clients. Users can quickly forecast sales and acquisition positions for future dates, or compare What-if positions for individual or multiple securities

• Comprehensive automated reports. Users can choose from the integral reports, run at their request from the data input, to provide a detailed capital gains/history/summary position for clients

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