Americas Software Signs Contract to Install Anti-Money Laundering Software at Saudi Arabian Bank.

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--March 12, 2003

Americas Software today announced it has signed a contract to install its ASSIST//ck(R) anti-money laundering and regulatory compliance software at Banque Saudi Fransi, the fifth largest bank in Saudi Arabia.

With the installation of ASSIST//ck, Banque Saudi Fransi, an affiliate of Credit Agricole Indosuez, will automate the detection, investigation and reporting of money-laundering activities, and complement the bank's current control systems set in accordance with international regulations, including those issued by the Saudi Arabian Monetary Agency and the Saudi Arabian Ministry of Commerce.

"We're pleased to work with Banque Saudi Fransi and introduce our technology to financial institutions in the Middle East," said John Daly, president of Americas Software. "The installation, which we expect to complete by the middle of the year, reflects the great success we've had in working with global institutions such as Credit Agricole. Our software has helped banks around the world to efficiently and cost-effectively manage the anti-money laundering policies and procedures required in the current regulatory environment."

About Banque Saudi Fransi

Banque Saudi Fransi is a Saudi Arabian Joint Stock Company established June 4, 1977. It is affiliated with Credit Agricole Indosuez (CAI), which holds a 31.1 percent equity interest. CAI is a member of the Credit Agricole Group, the largest retail bank in France, and among the world's top ten financial institutions by total equity. Banque Saudi Fransi provides all types of commercial-banking, investment and treasury services to both domestic and international customers. It operates through specialized lines of business based at its head office, at its three regional offices in Jeddah, Riyadh and Al-Khobar, and through 57 branches located in the major cities of the Kingdom.

Banque Saudi Fransi's assets totaled $11.9 billion in 2002, a 12 percent increase compared to 2001. Net income reached $270.4 million, 20 percent better than the previous year.

About Americas Software

Americas Software, headquartered in Miami, develops markets and sells software that enables banks and other financial institutions to track, detect, investigate, report and manage suspicious activity, including money laundering. The company's flagship product, ASSIST//customer-knowledge (ASSIST//ck), analyzes how money moves in, around and out of financial institutions by profiling account activities and monitoring transaction trends. The company's software, which also includes AFACS//Web, is currently installed at more than 95 locations in 23 countries.

For more information, call 305/377-3502 or visit http://www.americasoft.com.