…

                                                                             SimCorp A/S
                                                                             Oslo Plads 12
                                                                             DK-2100 Copenhagen O
                                                                             Denmark
                                                                             Telephone: +45 35 44 88 00
                                                                             Telefax: +45 35 44 88 11
                                                                             E-mail: info@simcorp.com
                                                                             www.simcorp.com


                                                                             Company Reg. No: 15 50 52 81




                                                                                        23 July 2008



Press Release
SimCorp integrates FINCAD derivatives software
Partnership offers advanced theoretical pricing capability for new asset classes


FINCAD and SimCorp have entered into an agreement to integrate FINCAD's derivatives pricing
software into SimCorp's investment management enterprise solution, SimCorp Dimension.

The global agreement extends SimCorp Dimension's integrated pricing mechanism to encompass
a wider range of derivatives than ever before. These include credit derivatives and instruments
implemented within the system's new XpressInstruments framework, such as exotic derivatives,
structured products and hybrids. These can now be valued directly from within SimCorp Dimension
using FINCAD's advanced theoretical pricing solutions. As a result SimCorp Dimension customers
can eliminate data manipulation tasks required to price such positions and thus reduce operational
risk while simultaneously improving efficiency.

Søren G.A. Pedersen, vice president for partner development at SimCorp comments, "FINCAD
derivatives pricing expertise perfectly complements SimCorp Dimension, allowing us to offer our
customers access to timely, accurate and proven pricing for credit and other more complex
derivatives seamlessly from their existing SimCorp Dimension solutions."

Bill Stewart, Vice-President of Sales at FINCAD comments, "As derivatives are increasingly traded
on an individual basis, a precise valuation of each contract is crucial in providing an accurate
portfolio valuation. With SimCorp joining the FINCAD Alliance Program, we are delighted to assist
SimCorp customers to achieve this and to stay ahead in today's international financial markets."

                                               ---

Enquiries regarding this press release should be made to:
Søren G.A. Pedersen, Vice President, SimCorp A/S, (+45 35 44 88 52, +45 40 76 18 43)

                                               ---
Press Release




SimCorp
SimCorp is a leading provider of highly specialised software and financial know-how for the
financial sector. SimCorp has approximately 1,000 employees and is listed on OMX Nordic
Exchange Copenhagen A/S. For more than 35 years, SimCorp has developed its product in close
collaboration with a number of international financial institutions. The SimCorp system, SimCorp
Dimension, is sold, implemented and supported from the head office in Copenhagen and
subsidiaries in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, New York, Oslo,
Singapore, Stockholm, Sydney, Vienna and Zurich.

FINCAD
FINCAD provides software and services that support the valuation and risk management of
financial securities and derivatives that are essential for banks, hedge funds, corporate treasuries
and asset management firms. FINCAD's industry standard financial analytics are a key component
in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries. The
FINCAD Alliance Program enables partners to leverage FINCAD software and expertise to meet
their customers' evolving needs for robust financial analytics while allowing partners to focus on
their core business.




                                                                                        Page 2 of 2