Business Logic Chosen to Create 401k and Pension Web Site for Northern Trust Retirement Consulting Clients.

Business Editors

CHICAGO--(BUSINESS WIRE)--July 10, 2000

Top e-finance provider to create Web site that enables employee

benefit plan participants access to a personalized online

financial planning experience

Business Logic, a leading provider of e-finance infrastructure solutions for financial institutions, today announced that Northern Trust Retirement Consulting LLC (NTRC), a subsidiary of The Northern Trust Company, has chosen Business Logic to develop a new Web site for its defined contribution, defined benefit and non-qualified plan participant clients. This enhanced site will allow Northern Trust's more than 1.8 million plan participants to view and manage their financial futures online with confidence since the information is secure and personalized for each participant.

"Our decision to use Business Logic was based on our past success with their product solutions and in-depth knowledge and experience within the 401(k) industry," said Dennis Sain, president and CEO of Northern Trust Retirement Consulting LLC. "We anticipate this Web site to do more than provide a new channel of service. We are thoughtfully paving the way for our clients to have a complete view of their retirement and investment picture, while offering customized experience based on life events and individual preferences."

The Web site will feature:

- combined views of defined contribution, defined benefit and

non-qualified plan services;

- a continuum of education, planning and advice services; and

- a full range of transactions including Northern Trust

Securities, Inc. self-directed brokerage accounts, loans,

distributions and enrollments.

Business Logic will broaden NTRC's use of their AccountLink(TM) product for data messaging and aggregation of employee benefit plan data and rules within Northern's new portal called Northern Trust Retirement Passport(sm). Business Logic's Net-Funds 401k will provide the essential elements for the portal - the ability to view, analyze and perform transactions within retirement accounts. A robust user interface will provide guidance and information for key life events. Business Logic will partner with Meindl & Associates for communication consulting services. "With NTRC's rich feature set, deployment of leading edge technology and evolved perspective about retirement and investment services on the Web, we anticipate not only enhanced experiences for users, but potentially an industry standard for retirement plan services," said Diane Talbot, vice president of Retirement Services at Business Logic.

"This opportunity has allowed us to tap into our Northern Trust, 401(k) and Web development expertise in order to produce a fully integrated Web site that can set Northern Trust apart from other plan sponsors for online planning tools," said John Patterson, president and CEO of Business Logic. "We have not removed the human-to-human experience in regards to retirement planning, but rather added a higher level for online customer service expectations."

After the initial rollout planned for December of this year, Northern will continue to enhance its participant web site while moving forward with a completely new plan sponsor site.

In addition to providing NTRC's Web users convenient, 24-hour access, Business Logic will also be expanding its AccountLink product, a new offering for communicating and harnessing 401(k) and other financial data for integrated and customized Web site presentation. AccountLink leverages the industry-accepted protocol, Open Financial Exchange (OFX), and is expanded with XML technology to efficiently and securely handle complex data requests and to facilitate transactional capability. AccountLink was initially launched at Northern in April and is currently being used to facilitate advice services provided by Financial Engines.

About Business Logic

Business Logic Corporation of Chicago is an e-finance solutions provider for the financial services industry. Business Logic's customers include five of the top 15 banks and four of the top 10 mutual fund companies. Flagship products include Net-Funds 401(k), an online retirement planning and interactive transactional application; Net-Trust, a trust and custody management application; Net Education & Planning, a set of financial analysis tools for analyzing life events; and AccountLink, a tool for standardizing account data for asset management. For an online demonstration and more information, visit www.businesslogic.com

About Northern Trust Retirement Consulting, LLC

Northern Trust Retirement Consulting is a subsidiary of The Northern Trust Company (http://www.northerntrust.com ),a multi-bank holding company with worldwide locations and is a leading provider of treasury management, master trust and custody, retirement, international and investment management services for corporations, large institutions, public funds, and not-for-profit organizations. As of March 31, 2000, Northern Trust had $1.6 trillion in assets under administration and over $323 billion in assets under management.