Telekurs Financial launches new service for French Fiscal Prices

Paris, January, 26th 2006

PARIS, France – Telekurs (France) SAS launches a new product on the market:
delivery of the French Fiscal Prices (ISF: Impôt de Solidarité sur le Fortune). The "ISF Prices" allow banks to produce an accurate valuation of their customers’ holdings, prior to declaration to the Tax Authorities.

Due to the strength of its experience in providing calculated data on various asset classes, Telekurs is providing a solution to the specific needs of French and Monegasque customers and, in general, for Private Banking. This solution is similar to some other products already available from Telekurs, primarily end-of-year pricing for the Swiss market.

ISF Prices is available now and consists of a file of data for more than 55’000
financial instruments. The ISF file, delivered by Telekurs Financial, allows the banks to select the most profitable method, of the official methods of calculation applied, to the taxpayer.

Julien Deschamps, project manager "ISF" adds: "ISF quotation is part of the
continuity of our product offer. We have expertise in providing calculated financial data and, based on this expertise, together with a desire of answering the specific expectations of our local market, we are now offering a file of quotations to facilitate the procedures of ISF declarations."

Newly launched, "ISF Prices" by Telekurs Financial has already attracted several customers such as the "Compagnie Monégasque de Banque" (CMB), who has just ordered this tool for the production of the tax declarations of its customers who are liable to the ISF.

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