CALLATAY & WOUTERS COMPLETES ANOTHER SUCCESSFUL PROJECT FOR COMMONWEALTH BANK IN INDONESIA

Singapore - 16 April 2007

PT Commonwealth Bank extends its services to its retail clients through their C&W’s Internet channel solution, Kyudo.

Callataÿ & Wouters, a leading global financial services software provider, today announced that PT Bank Commonwealth has successfully implemented their Kyudo Internet Banking solution.

Kyudo was deployed in less than three months, initially for the retail market and in the next few years, to help the bank’s thrust into the lucrative small and medium size corporate market. As part of its strategy to develop multi touch points with its customer, Symon Brewis-Weston, President Director said “ with current rate of broadband penetration in Indonesia, the internet is steadily becoming a growing distribution channel for financial services. It allows an alternative means to provide a set of self service products and services in a timely and operationally efficient manner to our customers”.

C&W’s track record in delivering projects on time and on budget was never in doubt. After the highly successful implementation of C&W’s flagship universal banking system, Thaler – PTBC were confident that the vendor would deliver their Internet solution to meet PTBC’s business objectives and demanding implementation deadline.

Explained Anselm de Souza, Managing Director Asia Pacific, “Our 100% track record with financial institutions in Europe and Asia is a hallmark of C&W’s strength. Together with customer satisfaction our number one focus lies the success of C&W. We pay close attention to our customers and their needs and the customers in return reward C&W with repeated business.”

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