20 March 2007

Chase Cooper Ltd, a market leader in the provision of risk management solutions, today announced that it had won a major contract with Millennium BCP, a leading Portuguese financial group. As part of the bank’s strategy to address risk across its group operations, they have recently completed a successful implementation of aCCelerate, Chase Cooper’s visionary Operational Risk Technology, in Portugal.

Millennium BCP plans to roll out aCCelerate to other locations where the group operates, initially Poland and Greece followed by other European locations, United States and Africa, Following a careful and in-depth selection process, Millennium BCP felt that Chase Cooper’s risk management solution aCCelerate was best positioned to provide the scalability and flexibility required to continue managing risk at both a global and at an individual country level. The strong support services that Chase Cooper can bring to its software offering has led to a very successful foundation implementation in Lisbon, which now forms the platform for rollout across the group.

John Kiddy, CEO of Chase Cooper Ltd said "Millennium BCP is one of the largest Financial Services institutions in Europe and we are delighted to be selected as its operational risk business partner. Millennium BCP had a very detailed and extremely competitive selection process which involved some of the eminent names in the risk management marketplace. In meeting its exacting requirements of a risk software system, we have been able to demonstrate the comprehensive levels of functionality designed into aCCelerate. We are looking forward to developing a long and mutually rewarding relationship with Millennium BCP".

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