Australia’s Woodside Petroleum Ltd. Selects Reval’s HedgeRx® For Enterprise Risk Management & IAS 39

New York, NY – February 3, 2006

Reval®, the leader in financial risk management solutions and services, is pleased to announce that Woodside Petroleum Ltd. (“Woodside”) has selected Reval’s HedgeRx as an enterprise risk management solution to handle its debt, basic cash management, energy, foreign exchange and interest rate risk management, as well as hedge accounting under IAS 39. Woodside is based in Perth and is Australia's largest publicly traded oil and gas exploration and production company, with a market capitalization of more than A$26 billion (Dec 05).

“Most people know of Reval for its technology and full derivative capabilities but then are pleasantly surprised to see that we have additional depth in other Treasury requirements like short and long term debt management” noted Jiro Okochi of Reval. “We look forward to developing a strong long-term relationship with the treasury team at Woodside.”

“We are very excited to have won another client in the Asia/Pacific region.” noted Peter Reynolds, Director of Sales of Reval. “We believe that Woodside saw real value in our offering and thought that the hedge accounting experience we had would provide them with the knowledgeable partner they were looking for”.

With the sale to Woodside, Reval continues its rapid growth across the globe and continues to maintain its lead in offering the most comprehensive derivatives and hedge accounting solution for corporate treasury.

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