Emirates National Oil Company Limited -ENOC- Licenses Triple Point Technology's Oil Trading and Risk Management System.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--February 22, 2000

Dubai Government-Owned Company to Deploy System in Dubai, London,

and Singapore

Triple Point Technology, Inc. (www.tpt.com), the leading provider of enterprise-wide commodity trading software, today announced the signing of a contract to provide its TEMPEST 2000(R) fully-integrated trading and risk management system to Emirates National Oil Company Limited (ENOC).

"Triple Point will develop and deploy an integrated oil trading software system to process ENOC's physical and derivative supply, marketing, and hedging activity," said Hussain Sultan, Chief Executive, ENOC. "We are investing in this system to ensure the ongoing international success of ENOC. The system will help us manage market risk, measure and monitor physical inventory positions, manage our refinery hedging program, and streamline back-office transaction processing."

TEMPEST 2000, Triple Point's industry-proven Windows-based commodities trading system, will be the core of ENOC's risk management and trading system. TEMPEST 2000 is an integrated front-to-back office software solution for the physical and derivative commodity markets. The system provides trade processing, real-time position and risk management, mark-to-market and realized profit/loss reporting, contract/confirmation administration, physical scheduling, traffic operations, trade settlement, invoicing and financial operations, and customer credit analysis.

"ENOC intends to be at the forefront of technology usage to produce exceptional efficiency, customer service, and stake-holder reporting in every field in which we operate," added Hussain Sultan.

Established in April 1993 as a catalyst in the development of downstream and upstream oil and gas activities, ENOC now has interests stretching beyond the petroleum sector which includes information technology as well as chemical storage and trading.

A limited liability organization, ENOC, which is wholly-owned by the Government of Dubai, is the holding company for a growing number of profitable subsidiaries and joint ventures.

About Triple Point Technology, Inc.

Triple Point Technology, Inc. provides fully-integrated commodities trading business systems to major oil companies, investment banks, utilities, power traders, metals traders, and other global trading organizations. The company leverages technical, business, and trading expertise to help customers reengineer their business processes and develop efficient commodities trading business systems.

Founded in 1993, Triple Point is headquartered in Westport, Connecticut and operates satellite offices in New York, Houston, London and Singapore. Its clients include such leading worldwide trading enterprises as ARCO Aluminum, Koch Industries, Morgan Stanley, Weyerhaeuser, Petronas, Glencore, Noranda Aluminum, DSM Hydrocarbons, Trafigura, Williams Energy, Rudolf Wolff, and Repsol YPF.