GENEVA, Switzerland, 19 March 2009– Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that Investec Bank (Australia) Limited has gone live on TEMENOS T24 (T24) to support its cash management and deposit raising activities.

Investec Bank (Australia) Limited (Investec Bank Australia), a wholly-owned subsidiary of international specialist banking group Investec, provides a diverse range of investment banking products and services to an intimate network of high net worth individuals and their businesses. Gavin Brandenburger, Head of Private Bank Infrastructure, Investec Bank Australia, says: “Client retention and acquisition is a key requirement to our long term business success in today’s aggressive market. With T24 now supporting our deposit activities, we have the flexibility to rapidly deliver more sophisticated and bespoke services to our clients in response to both industry changes and client needs. T24 provides an integrated platform which has enabled the consolidation and quality improvement of our customer data, which will aid our private bankers in providing innovative services to our clients.

T24 replaced current systems which the bank had operated for over a decade. Working closely with Investec, Temenos installed T24, including complex deposits functionality on Microsoft SQL Server 2008 to support the bank’s Sydney, Melbourne and Brisbane offices.

Susan Hauser, Vice President, Worldwide Financial Services Sector, Microsoft, says: “Microsoft and partners such as Temenos, together provide deep industry knowledge and expertise to financial services customers globally through solutions that improve corporate performance and drive new efficiencies. Investec’s implementation of T24 on Microsoft SQL Server 2008 will help drive significant operational capabilities and a strong connected experience for their customers both today and the future.”

Andreas Andreades, CEO, Temenos, adds: “We are delighted to be expanding our user base in Australia and welcome Investec to this community. In today’s market, high net worth clients have become increasingly sophisticated, with more complex investment requirements which banks need to able to respond to. Banks are increasingly looking for transaction based income as a way to manage capital and minimise risk during the current financial downturn, driving the need for superior and bespoke customer service to achieve this. This successful implementation highlights Temenos’ continued commitment to provide our products on all major technology platforms, including Microsoft SQL Server, contributing to reductions in cost of ownership through the utilisation of existing in-house skills.”

About Temenos T24

T24 Model Bank is packaged core banking software which includes banking best practices based on Temenos’ implementations in over 600 financial institutions and 120 countries across the Retail, Corporate, Universal, Private Wealth, Islamic and Microfinance and Community banking sectors. Its highly automated approach delivers short implementations, guarantees lower cost of ownership with rapid and measurable ROI. T24 allows banks to replace a large number of disparate legacy systems, thereby streamlining their operations. Banks around the world use T24 to rapidly deliver innovative, market-driven products and services tailored to meet the changing needs of their customers. T24 enables banks to deliver growth, while managing risk and cost, and ensuring that they remain ahead of the competition with the most efficient and economical business model in the market. T24 provides banks with unparalleled richness in functionality on an integrated, Service Oriented Architecture (SOA), with front- to-back office support and is fully enabled for standard SOAP (Simple Object Access Protocol) web services, and BPEL process execution. Temenos’ total commitment to open standards enables its customers to benefit from the latest advances in technology, ensuring business agility, continuity, data integrity and reduced downtime, all resulting in a significant delivering a significant, immediate and ongoing ROI.

ABOUT INVESTEC

The Investec group is an international specialist banking group providing a diverse range of financial products and services – mainly in South Africa, the United Kingdom and Australia. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.c

Within Australia, the principal business areas include:

1. Private Banking: private client treasury and investments, property investment banking, growth and acquisition finance, specialised lending, wealth management and professional finance

2. Investment Banking: corporate advisory and private equity

3. Capital Markets: treasury, trading and specialised finance such as project and infrastructure finance, commodities and resource finance, structured finance and financial products

4. Property Investments: property private equity

5. Asset Management.

Since it was founded in South Africa in 1974, the Investec group has expanded through substantial organic growth and a series of strategic acquisitions. The group employs over 5000 people worldwide, and is dual listed on the London and Johannesburg stock exchanges.  Investec Bank (Australia) Limited entered the Australian market in 1997 as a wholly-owned subsidiary of the Investec group, offering a diverse range of investment banking products and services to high net-worth individuals and their businesses, and to a niche corporate market. Investec has offices in Sydney, Melbourne and Brisbane.

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 52 offices worldwide, Temenos serves over 700 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos annually invests around 20% in R&D, significantly more than its peers, into a single fully packaged upgradeable software release, which ensures all Temenos customers benefit from modern technology and support indefinitely. Temenos is top of the IBS Sales League Table 2008, winner of the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards 2008, winner of the Financial-i Leaders in Innovation award for the most innovative core banking systems solution 2008 and is listed in the American Banker top 100 FinTech companies.

For more information please visit www.temenos.com