Preliminary Results for the Year Ended 31 December 2007

26 March 2008

GlobeOp Financial Services S.A., 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 announces its preliminary results for the year ended 31 December 2007.

Highlights
• Strong growth: $14 billion in new client AuA, including $11 billion added in the second half of the year
• Revenue expansion: revenues increased 23% for the year
• Excellent operating leverage: adjusted operating profit* as a percentage of revenues expanded to 23.7%, including 25.4% for the second half of 2007
• Increased productivity: 10% increase in year end headcount versus 28% AuA growth
• Commitment to certified industry-benchmark processes: SAS 70 Type II examination successfully completed
• Broader offerings: Transaction Solutions revenue grew from $0.3 million in 2006 to more than $2.5 million in 2007
• Strong cash generation: net cash flow from operations of over $34 million

Commenting on the results, Hans Hufschmid, Chief Executive Officer, said: " As shown in our first full year results as a listed company, we performed well against all of our business targets. We exceeded our adjusted operating profit expectations and surpassed our growth forecast. The turbulence in the second half of 2007 heightened the need for independence, transparency and speed in over-the-counter (OTC) derivative valuation - all areas of strength for GlobeOp. The current volatile environment may have a negative near-term impact on hedge fund industry growth, but I believe it will also bring new opportunities longer term. Markets remain uncertain but the fundamental industry dynamics are encouraging. Our people, processes and technology platform supports clients during all market conditions. A robust and scalable infrastructure is particularly important during times of market stress, as is the ability to 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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