Financial Objects PLC ("the Company") Appointment of CEO

30 October 2006

The Board of Financial Objects plc, an international supplier of software solutions to the banking, wealth management and energy sectors, (AIM: FIO), is pleased to announce the appointment of Karim Peermohamed as Chief Executive Officer, with effect from January 1 2007. Karim, who joined the Company in 1997 as head of operations in North America, is currently Chief Operating Officer; he will take over the role of CEO from Roger Foster. Roger, who founded the company in 1996, and is currently Chairman and CEO, will remain as Chairman on a part time basis.

Roger Foster commented: “I am personally delighted to announce Karim’s appointment as CEO. Karim has made a major contribution to the Group’s development and played a vital role in the successful acquisition of both WMS and Raft International. I look forward to working alongside Karim as we continue to build on our market leading positions in our chosen sectors.”

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