KINEXUS RECEIVES $49 MILLION SERIES B EQUITY FINANCING FROM CAPITAL Z AND CHASE CAPITAL PARTNERS.

Business Editors

NEW YORK--(BUSINESS WIRE)--December 05, 2000

Investment to Bolster Sales, Customer Support and Technology

Development for Premier Wealth Information Management Company

Kinexus Corporation, a provider of premium wealth information management services, today announced the completion of a $49 Million Series B equity financing for the company, which includes strategic investments from Capital Z Financial Services Fund II (CZF II), a global private equity firm focused on traditional and online financial services, and Chase Capital Partners, a division of Chase Manhattan Corporation (NYSE: CMB). This round of financing brings the total equity capital behind Kinexus to more than $125 million and will support the continued growth of the Company in areas such as sales, customer support and technology development. CZF II is managed by Capital Z Partners, a New York-based alternative asset management firm.

Kinexus offers financial institutions secure consolidation and aggregation services that enable client advisors to provide daily, comprehensive consolidated financial reporting to their high net-worth clients. The high net worth market, which currently totals 6 million individuals, is expected to grow as much as 16 percent per annum over the next three years from financial wealth of $21.6 trillion to more than $32 trillion.

"Ironically, while the technology sector helped create immense wealth, before Kinexus, no one has fully applied the power of today's technology to the challenge of managing immense wealth," said Bob Spass, Partner of Capital Z Partners. "Now, Kinexus provides the wealth management industry a universal solution for multi-institutional, cross-border financial reporting that strengthens relationship managers' advice and brings clients peace of mind.

"While there are many companies that provide an attractive retail-oriented aggregation service, Kinexus offers a depth and quality of reporting to sophisticated financial institutions that is reflective of their experience in the financial services industry and Family Office management," added Mr. Spass

Harry Totonis, CEO of Kinexus, said, "We are very pleased to have Capital Z as an equity partner in Kinexus. Our company will benefit greatly from their formidable expertise in efinance and the addition of Bob Spass to our Board of Directors."

Kinexus' service supports a broad range of asset and liability classes held in multiple currencies, tax entities and complex ownership structures, providing otherwise unavailable financial reporting and decision support. The Kinexus service operates by collecting a client's financial information from a broad range of data sources and messaging systems, including legacy systems, and stores it in a central data repository. The system accepts portfolio transactions, positions and other relevant data from various identified financial institutions, regardless of their jurisdiction, for processing into a consistent structure. The technology platform operates on direct feeds to identified financial institutions and is based on an XML protocol called ADX. ADX can manage all types of instruments and has the ability to easily and efficiently move large volumes of information records.

Kinexus can also provide advanced engines able to deliver performance measurement, risk management and compliance, with custom tailored online reports and "drill down" capabilities to transaction level detail. In addition, the Kinexus general ledger functionality enables ultra high net-worth individuals and family offices to manage their finances through a trial balance and P&L statements.

Kinexus was founded in 1994 and initially financed by Doug Morriss, now Chairman of Kinexus, to develop previously unavailable asset monitoring technology for use in his own family investment office.

About Capital Z

Capital Z Partners, LLC (www.capitalz.com) is a global alternative asset management firm headquartered in New York, with offices in London and Hong Kong and owned by its seven partners. Capital Z actively manages two funds: Capital Z Investments, LP ("CZI") and Capital Z Financial Services Fund II, LP ("CZF II"). Formed in 1998, CZI is a $1.5 billion alternative investment fund that invests across a range of private equity funds, hedge funds, structured products, direct investments and other alternative investment vehicles. Also formed in 1998, CZF II is a $1.85 billion global private equity fund that focuses exclusively on the financial services industry, including the traditional financial services and efinance sectors. Since 1990, Capital Z and its principals have managed approximately $4.4 billion through CZF II and its predecessor funds and invested approximately $1.9 billion in over 75 transactions.

About Kinexus Corporation

Founded in 1994 as The Witan Group, Kinexus offers wealth information management services that enable financial institutions to provide wealthy clients with a complete, consolidated picture of their net worth through a variety of new media channels. Kinexus' technology platform also links client financial data with a range of value-added decision-support and reporting capabilities, enabling clients to analyze and act on their information as never before, and giving our financial institution partners the very best tools to service premium customers. For more information please go to www.kinexus.com.