BROKAT Retail and Business Banking Products Make Strong Entry Into U.S. Market; Charter One is the First to License Brokat's Retail and Business Banking Services.

Business/Technology Editors

ATLANTA--(BUSINESS WIRE)--June 19, 2000

BROKAT, one of the world's leading providers of software for e-banking and e-business solutions, announced today it has licensed its browser-based retail and business banking products to $32 billion bank holding company, Charter One Financial. Cleveland-based Charter One, one of the top 30 bank holding companies in the U. S., has selected BROKAT's award-winning platform Twister(TM), to provide their customers with state-of-the-art web-based banking services. As part of the license agreement Charter One has also opted to utilize BROKAT's service bureau offering. BROKAT's cutting-edge technology will support Charter One's strategy to continually seek and add innovative, new dimensions to its products and services portfolio.

Charter One is implementing BROKAT's full web banking application suites for consumer and small business. These applications will include both informational and transactional functionality such as bill payment/presentation and transfers. The user-friendly, secure system is designed to offer anytime, anywhere access and is expected to increase their already strong customer base.

According to Charles (Bud) Koch, Charter One Chief Executive Officer, "BROKAT is the kind of aggressive partner we need to bring product to market quickly. Twister has a proven capability to service multiple market segments through one core infrastructure and a flexibility which we need in order to meet the demands of our customers. BROKAT's superior technology combined with a unique solutions approach supports the message we are sending to the marketplace--that we want to be a player in Internet banking. We are solidifying a leadership position in terms of offering our customers access via Brick, Click or Dial."

"Adding a key client like Charter One in North America reinforces our position as the leading international provider of e-finance software solutions," said Stefan Roever, Chief Executive Officer for BROKAT. "Working with players like Charter One ensures that we deliver high quality global solutions that meet the fast-paced demands of an international market."

BROKAT's service bureau option allows banks of all sizes to quickly place new products and services in the hands of their customers. In addition to reducing support and maintenance costs, such outsourcing will enable Charter One to implement new features and services without significant up-front expense or disrupting existing operations.

Both business and retail banking applications will offer Charter One one-to-one marketing opportunities to their customers. Users will also be able to download banking information to Personal Financial Managers (PFMs) such as Microsoft Money(TM) or Quicken(TM). The power of leveraging BROKAT's standards-based e-services platform and web-based e-finance services translates the control, manageability, flexibility and scalability at Charter One's command into satisfied customers embracing the most advanced technology in the marketplace.

"We are delighted to have Charter One join us as our premiere retail and small business banking customer in North America," said Rick Wilson, General Manager, BROKAT Americas. "We are pleased to be working with a top institution right from the beginning on such an important project."

Charter One

Charter One has approximately $32 billion in total assets, making it one of the 30 largest bank holding companies in the country. Charter One Bank has more than 400 branch locations in Ohio, Michigan, New York, Illinois, Massachusetts, and Vermont. The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. More information is available at http://www.charterone.com.

BROKAT

BROKAT is a leading international provider of software for e-business and e-finance solutions, dedicated to helping organizations compete in today's emerging electronic marketplace. The company provides applications based on BROKAT's core product, Twister(TM), a modular e-services platform. Applications supported by the Twister platform include retail, corporate and small business banking, online brokerage, and secure electronic payments. Because of Twister's support of multiple channels, BROKAT clients can take advantage of alternative sales channels such as wireless devices, kiosks, personal digital assistants (PDAs) and ATMs. More than two thousand organizations worldwide use BROKAT products and services. Among BROKAT's North American customers are the Bank of America, Huntington Bank, Toronto Dominion, US Bank and Wells Fargo. Globally, BROKAT customers include ABN Amro, Advance Bank, Allianz, Consors, Deutsche Bank 24, Debitel, DBS-Bank, Primus-online and the Swiss Post Office. Founded in 1994, BROKAT employs over 700 people in 15 countries. BROKAT AG is headquartered in Stuttgart; its North American office is located in Atlanta. Information on BROKAT and its products can also be found online at www.brokat.com.

BROKAT and Twister are trademarks of BROKAT AG in the United States and other countries. All other trademarks are properties of their respective companies.