CWB Listed Among Fastest Growing Companies.

NEW YORK--(BUSINESS WIRE)--Dec. 8, 1999--

CWB, the IT services company purely focused on the financial services industry, is the 62nd fastest growing private company in the United Kingdom, according to Virgin Atlantic Fast Track 100, published in The Sunday Times of London on December 5. The list is sponsored by Virgin Atlantic Airways.

CWB, based in London and New York, has doubled revenues year-to-year since its founding in 1994. Annualized revenues for the fiscal year ending March 31, 1999 were $30 million.

"CWB has been on a steep growth curve over the last five years and we are pleased to have been recognized by the Fast Track 100 team," said Christiane Wuillamie, founder, Chief Executive Officer and Chairman. "It's very motivating for our staff and it's good news for our rather specialized industry sector. Our success is an endorsement of our belief that it is vital to understand the business needs of our clients first before introducing new IT systems."

The Fast Track 100 are chosen from a pool of about a million private companies and the list is based on average annual sales growth measured over three years from 1995 to 1998. Those in the list must have minimal annualized revenues of about $4.5 million after the first three years and all companies must be profitable and have a positive net worth, among other criteria.

This is the second award CWB has received this month. Earlier, CWB was a Finalist for 'Company of the Year' in awards sponsored by the Confederation of British Industries (CBI), the UK's leading independent employers' organization.

Notes to Editors

CWB, based in London and New York, is a privately owned company with over 200 employees. Founded in 1994 by Christiane Wuillamie, CWB is recognized as a pioneer of IT within the financial markets, by successfully providing a bridge between technology providers (whether internal IT departments or external suppliers) and business managers. CWB is structured around four principal service offerings:

- Consultancy Services which focuses on delivering complex

technology solutions

- Software Solutions which provides customizable global credit risk

solutions

- Managed Services which includes service management and

applications support

- Trading and Documentation, providing specialized services for

financial services

In the 1999 Management Consultancy league tables, CWB was number 38 in the "Top consulting firms" in fee income, and number 24 in the "Top consultants to the financial sector." Also in 1999, Christiane Wuillamie was shortlisted as a finalist for the Veuve Clicquot Businesswoman of the Year Award in the UK.

CWB clients include major investment banks, such as Citibank, J.P. Morgan, Merrill Lynch, Credit Suisse, Deutsche Bank, Dresdner Kleinwort Benson, HSBC, Barclays Capital, ING Barings, Morgan Stanley Dean Witter, and SBC Warburg Dillon Read.