GENEVA, Switzerland – 18 June 2013 – Temenos (SIX: TEMN), the market leading provider of mission critical software  to the banking industry, today announces a share buyback programme for 2013 of up to three million shares for cancellation.

Temenos is highly cash generative with low leverage and a strong balance sheet, with c.USD 300m in cash and undrawn facilities. This provides Temenos with significant financial flexibility enabling investment in the business, including industry leading R&D spend, and funding for targeted acquisitions whilst also providing for returning value to shareholders.

In February 2013, Temenos announced its intention to pay a regular annual dividend, a reflection of management’s confidence in the strength and quality of the company’s cashflows. Temenos has consistently delivered operating cashflows in excess of EBITDA and has guided to once again deliver this target in 2013. Temenos now intends to return value to shareholders in 2013 in addition to the annual dividend payment with the commencement of a share buyback programme.

The share buyback programme is expected to run to the end of 2013 and, if fully exercised, would equate to approximately 4.2% of the outstanding capital of the company. All shares repurchased under the buyback programme will be proposed for cancellation in a capital reduction at the AGM in 2014. The programme will be managed on a second trading line by Bank Vontobel AG. Temenos retains the right to cease the share buyback programme at any time.

Further information on the buyback, including regular progress and buyback notices, will be available at www.temenos.com/investor-relations.

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About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Headquartered in Geneva with 59 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 140 countries across the world. Temenos’ products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost/income ratio than banks running legacy applications.

For more information please visit www.temenos.com

Disclaimer

Any remarks that Temenos may make about future expectations, plans and prospects for the company constitute forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors. We anticipate that subsequent events and developments will cause the company’s estimates to change. However, while the company may elect to update this forward-looking financial information at some point in the future, the company specifically disclaims any obligation to do so. This forward-looking information should not be relied upon as representing the company’s estimates of its future financial performance as of any date subsequent to 18 June 2013.

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