Bank of Bahrain and Kuwait Opts for Nucleus Software’s Cash Management Solution CASH@WillTM

New Delhi - 12 May 2009

Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, announced today that it has acquired a new client, the Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain. Nucleus Software’s cash management solution - CASH@WillTM and BankONetTM modules - will be implemented by the Bank of Bahrain and Kuwait for the transaction banking services.

BankONetTM will empower BBK to offer online services to its corporate customers, thereby enhancing customer service by offering effective tracking of payments and account balance, enabling fund transfers and opening of letter of credit. CASH@WillTM will help BBK to organize their cash management systems for managing cash flow and implementing long-term solutions that are flexible and can adjust to the changing business environment.

Selected after a thorough evaluation of the various system proposals, BankONetTM and CASH@WillTM were chosen for their ability to lower turn around time of operations, flexibility, scalability and capacity to integrate with the bank's numerous systems.

On this occasion Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports Limited said, “We are delighted to partner with Bank of Bahrain and Kuwait, one of the largest banks in Bahrain. As an IPR led company, at Nucleus, our continued focus is on providing excellent services to our clients and innovation in product development. We are confident that BBK will reap great benefits by leveraging our cash management solution. We look forward to further strengthening our relationship with BBK as they expand their business rapidly and explore newer technologies to stay ahead in the market.

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