Interim Management Statement

25 April 2008

GlobeOp Financial Services S.A. (" GlobeOp®" or "the Company"), a leading independent provider of business process outsourcing, financial technology services and analytics to the hedge fund industry and other targeted sectors of the financial services industry, today publishes its first Interim Management Statement covering the period since 31 December 2007.

Financial Performance Update
Trading for the period has been in line with management’s expectations. First quarter revenue growth and adjusted operating profit* continued to be strong and, despite a turbulent marketplace, AuA** increased to $100 billion as at 31 March 2008 from $97 billion at 31 December 2007. As is usual at the start of the year, aggregate investor redemptions in our clients’ funds exceeded subscriptions in January. However, both February and March saw positive net subscriptions.

Hans Hufschmid, chief executive officer, said: “I am very pleased with our financial performance so far this year. The momentum and achievements from last year have continued to impact results positively. Growth in our core middle-, back-office and fund administration (MBA) business continues to be augmented by Transaction Solutions revenue - particularly from our GoOTC™ offering. Costs remain well within our expectations and we have continued to deliver excellent operating leverage.”

Financial Position
There has been no significant change to the Company’s strong financial position during the period. Despite paying fiscal 2007 annual bonuses during the first quarter of 2008, cash balances (unaudited) as at 31 March 2008 remained above $36 million. GlobeOp will make its first dividend payment as a public company on 29 May 2008. The Company continues to have no borrowings outstanding under its $30 million revolving line of credit facility with the Bank of Scotland.

Outlook
We believe the current volatile market environment will bring new opportunities in the long term but it may have a negative near-term impact on hedge fund industry growth. However, our business model remains robust and we expect trading for the half-year to again show good growth and operating leverage. Although markets remain uncertain – there is no evidence yet of a return to full liquidity – the fundamental industry dynamics are encouraging. The turbulence since the second half of 2007 has heightened the need for independence, transparency and speed in OTC valuation - all areas of strength for GlobeOp. Our people, processes and technology platform support clients during times of market stress and adapt creatively to new opportunities in the market. With these ingredients we are well positioned for the future and we are focused on a successful year in 2008.

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