DEXIA BRUSSELS SELECTS kACE FROM KALAHARI FOR SHORT-END MONEY MARKETS

London – 18 October 2006

Kalahari, a global provider of real-time price discovery and analytic solutions to financial and energy trading institutions in over 16 countries, today announced that Dexia Brussels has selected kACEâ„¢, the pricing and analytics application, for short-end money markets instruments.

According to Patrick Bellemans at Dexia Brussels: "Progress is necessary, we must quickly adapt our applications to industry demands and as the volumes and complexity of traded products increase. To this end, we have enlisted the services of Kalahari because of its undeniable reputation, but also for its flexibility and quality products. We have confidence in Kalahari's ability to help us reach our goals. Kalahari has listened, analyzed and offered solutions in order to help improve our effectiveness."

Dexia was born out of the 1996 alliance of the two major European players in local public finance: Crédit Local in France and Crédit Communal in Belgium. Dexia was one of the first cross-border mergers in the European banking sector, which ranks today amongst the fifteen largest banking groups of the euro zone.

Mark Holden, sales director EMEA, at Kalahari, said: "We are very pleased to announce the addition of Dexia Brussels to our growing family of European banks. Dexia’s selection of kACE continues to validate the effectiveness of the product, and our ability to deliver cost effectively and on time. We look forward to a mutually beneficial, long-term relationship with Dexia."

kACE is the industry’s leading real-time price discovery and analytics solution designed for enterprise-wide use at broking firms, banks and other financial institutions and corporations. With flexibility and control as the driving design principles, kACE gives traders the tools and the freedom to innovate and concentrate on what they do best – calculate and effect the trading opportunity.

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