TEMENOS appoints regional director for Central and Eastern Europe

Geneva, Switzerland – 23 January 2007

TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems today announced the appointment of Armin Holst as regional director for Central and Eastern Europe (CEE). Following strong growth over the past few years, TEMENOS continues to strengthen its management team to ensure focus on servicing the needs of an increasing client base and to oversee the implementation of its business growth initiatives. The creation of a third region in EMEA reflects TEMENOS’ commitment to investing in its operations across this important and unique market.

In this newly created role, Holst reports to Mark Cullinane, chief operating officer, and is based in TEMENOS’ Luxembourg office. Jean Michel Hilsenkopf will continue to head up Southern Europe, Middle East and Africa (SEMEA), including France, Spain and Portugal, while Holst will assume responsibility for developing the business across the rest of continental Europe, including Holland. Costa Christodoulou remains regional director for northern Europe, including the UK, Ireland, Channel Isles, Scandinavia, Baltic and CIS territories.

Holst comments: “I’ve seen TEMENOS continue to achieve significant growth and gain market share against its competitors, becoming a true market leader in core banking. My aim is to focus on delivering against our customers’ requirements in the CEE region and continue to expand the company’s offerings.”

Holst has over 20 years of sales and general management experience in the banking software and IT industry. Previously, he was worldwide sales director and member of the board at Misys plc Banking Systems from 2001, having originally headed up the company’s European operations since 1996. Holst began his career with Nixdorf Computer AG, where he held various sales and marketing positions. He is a German national and holds degrees in electronics and business economics from the University of Cologne.

Andreas Andreades, CEO, TEMENOS, adds: “Although we are achieving a great deal of success, there remains the significant potential for further growth in our marketplace. The new role plays an important part in helping us realise this by creating our fifth geographic region and expanding our management resources. This reinforces our strategy to continue investing in our business and ensure customers can benefit from our exceptional products and support services.”

TEMENOS has an international client-base of over 500 financial institutions and continues to attract global tier 1 and regional banks as a result of its superior products, TEMENOS T24 and TEMENOSâ„¢ COREBANKING.

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