VERMEG GAINS "B.I.S.S." GOLD LABEL AWARDS FOR ITS CORPORATE ACTIONS SOLUTION IN ALL MARKET SECTORS

Paris, 23rd September 2005 - Vermeg, the specialist Securities Processing and Fund Management software provider, today announced that its Corporate Action solution, MEGACOR, has been awarded the BISS Gold label in all three market sectors of Brokers, Custodians and Fund Managers by CityCompass Research, the independent research company in the financial services sector.

Gary Wright, the Managing Director of CityCompass Research and creator of the unique business benchmarking concept, said "This award is a great achievement for VERMEG who has been one of the market leaders for many years and they continue to be provide high quality systems in Corporate Actions; this is proven by the high scores given by the user panel across all market sectors. For the first time VERMEG has gained the full complement of benchmarking awards, clearly proving its commitment in this space"

Philippe Rey, Vermeg's President, comments: "We are delighted to receive this award again in 2005, for the first time adding the Brokers category to the Banks and Fund Managers categories. This is a confirmation of the relevance of our strategy to address the needs of all participants of the so called "Investment life cycle", creating value for Vermeg's clients."

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