ANOTHER CARIBBEAN IMPLEMENTATION FOR THE OLYMPIC BANKING SYSTEM

London, November 2005

ERI, supplier of the OLYMPIC Banking System, is very pleased to announce that the SG Hambros unit in Nassau, Bahamas has chosen the OLYMPIC Banking System to provide support for their private banking operations.

The OLYMPIC Banking System will as such be used by 5 sites of SG Hambros in London, Jersey, Guernsey, Gibraltar and Nassau.

This additional unit of SG Hambros will allow all the users at these sites to be now able to access the SG Hambros multi-entity centralised platform, allowing for implementation of centralised front and back-office functionality internationally, as well as wide-ranging implementation of STP across the group.

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