ACLEDA Bank Limited, Cambodia, Selects TEMENOS GLOBUS As Its Core Banking Platform.

Business/Technology Editors

PHNOM PENH, Cambodia--(BUSINESS WIRE)--March 12, 2001

Integrated Banking Software Vendor Will Assist

in the Bank's Transformation from a Micro-Financier

to a Full-Fledged Commercial Bank

TEMENOS, a global vendor of integrated banking software that supports international banking, announced today that ACLEDA Bank Limited, Cambodia's newest bank, has selected TEMENOS GLOBUS(TM) (GLOBUS) as the foundation for its Cambodian banking platform to service its fast growing and diverse customer base.

"We started as a small lending agency to help would-be entrepreneurs from basket weaving to noodle makers, but now we are a full-fledged licensed bank," said Mr. In Channy, ACLEDA's General Manager. "Our goal is to expand quickly, while providing new products and services to a diverse customer base. To be effective in this, we have chosen to work with TEMENOS, who has a proven track record in rapid and successful implementations. We need to implement this system in 14 provincial offices within 18 months." Mr. Channy added, "Our evaluation committee went through an exhaustive selection process, which included seven vendors, with assistance from the International Finance Corporation (IFC) of the World Bank. GLOBUS(TM) had everything we wanted in a banking platform that would support our ambitious business objectives."

"We are pleased that ACLEDA Bank has chosen GLOBUS as the foundation for their transformation to a full-service commercial bank throughout Cambodia," said Clive Knott, Vice President, TEMENOS Asia Pacific. "GLOBUS' rich functionality, coupled with a quick time-to-implementation will help the bank deliver a broad range of banking services to this rapidly growing economy. We look forward to a long and fruitful relationship."

TEMENOS GLOBUS(TM) is an integrated, modular international banking system with full functionality including retail and wholesale banking, trade finance, and treasury modules. It supports multi-company and multi-bank environments and is truly global in scope, incorporating multi-currency and - of great importance to ACLEDA Bank - multi-lingual capabilities. In addition, TEMENOS GLOBUS(TM) contains robust risk management and security features that provide a flexible, user-friendly environment while allowing institutions to have complete control over their financial systems.

About TEMENOS

Temenos is a global leader in providing financial institutions with integrated banking systems that increase productivity, profitability, and allow them to respond to changing market conditions. The company's solutions are utilized in a variety of segments including retail and wholesale banking as well as for treasury and accounting functions. TEMENOS has 23 offices, clients in 91 in 23 countries and has installed over 400 systems since its founding in 1993. The company had revenues in FY 2000 of $69.4 million.

About ACLEDA BANK LIMITED

ACLEDA (Association of Cambodian Local Economic Development Agencies) was established in 1993 as a national NGO for micro and small enterprises development. Funded by the United Nations Development Program and other foreign donors it soon grew rapidly and had a customer base of 60,000 supported through 56 branches and offices. In 1998 it commenced a 3-year transformation exercise, which resulted in it receiving a bank license in October, 2000. The new bank will continue to extend its services to small businesses and micro-enterprises that contribute to Cambodia's growing economy.

NOTE TO EDITORS: TEMENOS GLOBUS(TM)is a trademark of TEMENOS.