Temenos _ Banco Terra

Banco Terra in Mozambique delivers retail banking with T24 to support its Rural Banking Programme 26 November 2008 GENEVA, Switzerland – 26 November 2008: Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that Banco Terra, a specialist in financing agricultureoriented activities, has gone live with TEMENOS T24 Model Bank to support its new operations in Mozambique. This will support all Banco Terra’s retail and commercial banking operations in the region. Banco Terra is a new financial institution owned by Rabobank (Netherlands), KfW (Germany), Norfund (Norway) and Gapi (Mozambique), and was registered as a commercial bank in 2007. After receiving a license to operate in Mozambique, the bank deployed T24 in just eight months to open its first branch in the region. As a result, Banco Terra is now able to deliver a full range of financial services to the unbanked population of Mozambique, including loans and savings accounts and payment services. Temenos’ Model Bank implementation methodology enabled the bank to reduce implementation time and costs, minimising the need for customisation, as well as lowering the project risk. This project forms part of an overall investment of over 20 million dollars to establish banking operations in Mozambique, including 20 branches strategically located in rural areas throughout the country to provide retail banking services to the agricultural and SME sectors. T24 will be used across all of Banco Terra’s branches in Mozambique, which will be opened between 2008 and 2010. Maarten Susan, CEO of Banco Terra said, “Our objective is to be Mozambique’s leading provider of retail banking products and services to the rural areas. We chose to partner with Temenos based on its proven experience in the banking sector and its core banking technology expertise. Rural banking services still need to be developed in Mozambique and with Temenos’ T24 Model Bank, we now have the capability to offer a full range of products for lending, deposits and transfers to the region.” Banco Terra chose Temenos over other banking solution providers including i-flex, Infosys and Tata Consulting Services (TCS) on the strength of its pre-configured products based on best practice processes. The flexibility of T24 combined with Temenos Professional Services’ expertise enabled the bank to implement the software to meet the timescale requirements of the bank. Andreas Andreades, CEO, Temenos, says: “We are delighted to be able to contribute to the development of banking services in rural Africa through this project. Our expertise in community banking is now extensive and proven by more than 60 clients using our software in this sector and over 600 across multiple banking sectors worldwide. Our model bank package

and methodology, a result of significant R&D investment, allows us to work with banks of all sizes, while always delivering real business benefits and high return on investment.” T24 Model Bank is packaged core banking software that provides banks with unparalleled richness in functionality on an integrated, Service Oriented Architecture (SOA) with support from front to back office. T24 Model Bank includes pre-configured, industry best practices for each banking sector, enabling banks to optimize operations and processes while remaining agile, flexible and responsive to business change. Its highly automated implementation approach delivers short implementations with a rapid and measurable return on investment. Fully integrated CRM and business intelligence capabilities provide a high degree of customer intimacy and a clear and deep understanding of the enterprise including its risk and performance. Its scalability, as underlined by recently reported Temenos/IBM performance tests, means T24 is capable of servicing of banks ranging from small to up to 25million accounts. In addition to its comprehensive SOA architecture, T24 incorporates modern technology and is fully enabled for standard SOAP (Simple Object Access Protocol) web services, and BPEL process execution. T24 is compliant with industry leading ESBs (Enterprise Service Buses) and can be deployed on fully scalable, multi-server n-tier architecture. It provides a full front-to-back solution from electronic delivery channels such as mobile devices and internet banking right through to settlement, general ledger and other back office functions. This is delivered in a fully integrated, reliable and cost effective environment. Temenos’ total commitment to open standards enables its customers to benefit from the latest advances in technology ensuring business agility, continuity, data integrity and reduced downtime delivering a significant, immediate and ongoing return on investment. -ENDSAbout Banco Terra Banco Terra is a fully fledged commercial bank with a special focus on rural banking. Its objective is to contribute to Millennium Development Goal #1 on poverty eradication, and to do so, the bank provides access to a full range of financial services to the rural and peri-urban (underserviced) population in Mozambique, in a sustainable and viable way. Special attention is devoted to micro-entrepreneurs, SMEs, rural enterprises and agriculture. Banco Terra does not directly engage in Micro Finance activities. For information please visit: http://www.bancoterra.co.mz/eng/ About Temenos Founded in 1993 and listed on the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 44 offices worldwide, Temenos serves over 600 customers in more than 120 countries.

Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos annually invests around 20% in R&D, significantly more than its peers, into a single fully packaged upgradeable software release, which ensures all Temenos customers benefit from modern technology and support indefinitely. Temenos is top of the IBS Sales League Table 2008, winner of the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards 2008 and is listed in the American Banker top 100 FinTech companies. For more information please visit www.temenos.com For more information, contact: Max Chuard Temenos Director Corporate Finance & IR Member of the Executive Board Tel: +41 (0) 22 708 1157 Email: [email protected] Ben Robinson Temenos Investor Relations Manager Tel: +44 (0) 207 290 3012 Email: [email protected] Petra Shuttlewood Temenos PR Manager Tel: +44 (0) 207 423 3751 Email: [email protected] Evelina Amanatidou Team 660 Metia for TEMENOS Tel: +44 (0) 20 3100 3592 Email: [email protected]