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Agreement represents largest ever signing for core banking solution Misys MidasPlus and a platform for strategic business transformation at Fortis.


London/Brussels, 29th June 2005 – Misys Banking Systems (Misys) is pleased to announce that Fortis, one of Europe’s top 20 largest financial institutions, has signed a deal to deploy Misys MidasPlus with Global Processing across its worldwide operations. The project will see Misys MidasPlus implemented worldwide across the bank’s commercial and merchant banking operations, and is the largest in the history of the solution.

The deployment of the solution follows plans by the bank’s senior management, led by CEO Jean-Paul Votron, to implement a strategy of accelerated growth and geographical expansion across their business. Misys MidasPlus with Global Processing will form the foundation of the bank’s solution architecture over the entire corporate banking business, replacing the mainframe applications already in use at the bank’s four largest worldwide operations. As well as increasing the sophistication of Fortis’ global cash management services, Misys MidasPlus will provide a common infrastructure that will allow the bank to leverage the synergies between its commercial and merchant banking units.

The new architecture will also include commercial lending, syndication, project finance and financial messaging, provided by Misys Loan IQ and Misys Message Manager respectively. Finally, the rapid roll-out and easy integration capabilities of Misys MidasPlus will allow Fortis to cost-effectively continue its expansion by opening a further 15 offices in new locations worldwide.


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Fortis chose Misys above a number of competitors after an in-depth review. With Misys Midas already in use across several of Fortis’ sites in Europe, Asia and the US, the bank recognised a close relationship of experience, financial strength, shared trust and mutual success, giving Misys status as a “Fortis Trusted Advisor”.

Herman Verwilst, Chief Operating Officer at Fortis, comments: "This deal is of great importance to Fortis. We have put in place an ambitious strategy for accelerated growth while strictly controlling costs. Last week we revealed our detailed strategic plans to the market. Fortis is developing a European infrastructure in several domains to increase the service to its customers. As a part of this strategy Fortis is integrating its support services across borders and businesses."

Alain Deschênes, CIO at Fortis, also says: “After having started an overall group architecture study codenamed Cityplan, we came to the conclusion that Misys MidasPlus, in combination with Misys’ overall banking product strategy, provided us with a sound platform for our future.”
Clive Pedder, CEO of Wholesale Banking at Misys Banking Systems, adds: “The management of cash accounts and working capital is the cornerstone of corporate banking, upon which all other core banking products and services are built. Although many banks are thinking in the direction of a global core banking platform for corporate cash accounts, Fortis is leading the way in taking this to the next stage. We are delighted that Fortis is using Misys as a trusted advisor for such a key growth strategy, and look forward to working with the bank in the future.”
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For further information, please contact:

Edward Taylor / Andy Field
Financial Dynamics
Tel: +44 (0) 20 7269 7295
edward.taylor@fd.com / andy.field@fd.com

Toby West
Marketing Consultant
Misys Banking Systems
Tel: +44 (0) 20 8486 1806
toby.west@misys.com


About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries.

About Misys PLC
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking it is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 90% of the world’s top 50 banks. In healthcare it is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance it is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, it is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6000 people internationally and has customers in over 120 countries. For more information, visit www.misys.com

Misys. Making things that really matter, work better.

About Fortis
Fortis is an international financial services provider active in the fields of banking and insurance. The company offers its private, business and institutional customers a comprehensive package of products and services through its own distribution channels, in cooperation with intermediaries and through other distribution partners. Its multi-channel distribution strategy gives Fortis the flexibility to meet its customers’ needs for optimum availability and user-friendliness.

Fortis occupies a leading position in all market segments in the Benelux countries. It offers internationally operating companies throughout Europe an integrated network and provides wealthy individuals and businesspeople with advanced services based on a unique set of competences. Fortis’s expertise in niche markets such as shipping, commodity, export and project finance and fund administration has made the company a regional or world leader in these areas. Fortis also successfully combines its banking and insurance expertise in growth markets in
Europe and Asia and leads the markets in Spain and Portugal.

Boasting a market capitalisation of EUR 27.9 billion and total assets of EUR 694 billion, Fortis ranks among the twenty largest financial institutions in Europe. Its sound solvency position, broad risk spread and ambitious, professional workforce of over 51,000 enable Fortis to combine global strength with local flexibility to provide optimum support to its customers.


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