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OM Boosts Corporate Actions Team With Four New Hires - Goal Is To Become Market Leader

Date 13/05/2002

OM, the world's leading provider of transaction technology to the financial services and energy industries, announced today that four new executives have joined its sales and marketing team for corporate actions. These executives will play an important part in the continued growth of OM's standalone corporate actions solution, OneWorld Corporate ActionsTM, which was launched in autumn 2001.

"With unsurpassed functionality backed by OM's transaction technology expertise, OneWorld Corporate Actions is ideally positioned to become the market leader in international corporate actions automation," said Guy Everett, Head of EMEA Sales for OM. "Our new hires reflect OM's commitment to standalone corporate actions and the strong effort we are putting behind our quest for market leadership."

The new appointments include Chris Freeman, Christina Nordbladh, Jenny Blake and Mark Lawfull.

Chris Freeman, Senior Sales Executive, came to OM from ACT Financial Systems where he was responsible for sales of RIMS, a back office, trade accounting and settlement system. He has broad knowledge of investment banking and related IT services spanning front, middle and back office applications. Previous experience includes sales positions with DART, LMT and DEC.

Christina Nordbladh, Senior Sales Executive, has extensive experience within the global financial IT solutions market. Prior to joining OM, she held key sales and marketing positions at Aleri (formerly MPCT Solutions) and the TREMA Group.

Jenny Blake, Senior Sales Consultant, joined OM from Wilco International, where she specialized in corporate actions, order management, back office and middleware products. Her prior experience includes sales support positions at ACT Financial Systems and Synopsys, where she was responsible for pre-sales for the RIMS settlement system.

Mark Lawfull, Senior Business Consultant, has a broad background in corporate actions. He joins OM from Merrill Lynch, where he was heavily involved in the development and implementation of their corporate actions system. He has related corporate actions experience at Lehman Brothers International, Nomura International and SBC Warburg.

About OneWorld Corporate Actions

OneWorld Corporate Actions from OM is a modern, flexible system that automates the corporate actions process so that only exceptions need to be handled manually. Capable of full STP, OneWorld Corporate Actions can reduce the manual effort spent processing a corporate action by up to 60 percent. Key attributes include a robust exception system, the ability to dynamically monitor positions and terms throughout the event lifecycle, and full multicurrency, multi-market support, among others. The system is user configurable, enabling it to handle the requirements of different event types and to better reflect the business practices of each company.

About OM

OM is the world's leading provider of transaction technology to the financial services and energy industries, developing and marketing solutions that increase the efficiency of financial and commodity markets throughout the world. OM's OneWorld product suite, offers unparalleled expertise in front office securities trading and processing, client order management, position keeping, clearing/settlement, international securities financing, and gateway connectivity. Together OneWorld products provide unrivalled straight through processing solutions for both the retail and institutional markets.

OM has over 100 customers in 20 countries worldwide. The Company also owns and operates exchanges and has operations in ten countries. OM is listed on Stockholmsbörsen. For more information, please visit www.om.com.