Henderson Global Investors (Henderson) Implements CAfIT's FIPA

CAfIT's FIPA portfolio management and modelling solution has been selected
and implemented as a strategic Fixed Income solution for worldwide operation

London, Wednesday, 9th November 2005 - CAfIT Ltd - the specialist UK-based Fixed Income software provider - announces that Henderson, a leading international independent asset management firm with Sterling £66.5 billion
under management, has selected and implemented CAfIT's FIPA portfolio management and modelling solution. FIPA will be deployed at Henderson's
London and Chicago locations, with the initial implementation providing 20
of the asset manager's London team of Fixed Income specialists with comprehensive strategic Front Office functionality. At Henderson, FIPA is
operating in conjunction with the existing Charles River IMS platform, with
implementation completed in just four months, highlighting the intrinsic
flexibility of the FIPA design.

The contract was awarded on the basis of FIPA's field-proven Fixed Income
functionality and comprehensive instrument coverage. Global Head of Fixed
Income David Jacob outlined Henderson's rationale for selecting FIPA:

"We were looking for a leading edge Fixed Income solution that specifically
offered the ability to model credit derivatives. The system needed to be
designed first and foremost for Fixed Income, which narrowed the choice down
considerably. CAfIT demonstrated an excellent understanding of Fixed
Income, and gave us confidence that we would be working with a specialist
and flexible team capable of high bandwidth input, as has proved to be the

FIPA was implemented within a four-month timescale, integrating seamlessly with Henderson's existing Charles River IMS, reflecting FIPA's inherently scalable design. Global Director of IT Simon Stratford is confident that with FIPA in place, Henderson is able to access a new level of specialist Fixed Income performance, supported by proven CAfIT's technology leadership.
He commented:

"The two key factors that influenced our choice of CAfIT were the ability of
the system to support our complex Fixed Income business, and our belief we
could implement the solution faster than any of the alternatives. The Henderson and CAfIT teams have done a brilliant job in delivering an industrial-strength solution so quickly."

This contract is the latest in a series of international blue chip contract
wins for CAfIT, including F&C Management, Gartmore Investment Management,
Standard Life Investments, Schroder Investment Management, and Credit Suisse
Asset Management. CAfIT has established itself as a leading UK specialist
in front office IT for Fixed Income and Balanced Portfolio Management applications, with its flagship FIPA system setting a new standard for fixed
income analytics. A multi-currency, multi-asset class portfolio system, it
has been designed specifically to meet Fixed Income and Balanced Fund Managers' requirements, and is evolving continually in line with market
developments. It provides comprehensive asset allocation, risk, sophisticated modelling, compliance and trade generation functionality - enabling investment decisions to be implemented consistently across multiple funds simultaneously.

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