28 November 2007, Dubai - Misys Banking Systems, a global leader in banking software and solutions, announces today that its core banking system, Misys Equation, has been selected by The United Bank to help optimise inter-branch communications and reporting for the bank's head-office and its branch network, currently comprising over 40 locations across Egypt, but set to expand further. 

On 26 June 2006, The United Bank acquired the United Bank of Egypt, The Nile Bank and Islamic International Bank for Investment and Development.  The United Bank chose The Misys Equation solution to help in data conversion and consolidation of the three acquired banks via streamline operations across Retail, Islamic Banking Products, Corporate and Investment Banking Divisions.  The United Bank of Egypt is a long-standing Misys customer and based on that successful partnership, Misys Equation will be used across the whole of the operations of the new organisation.  

The United Bank is to implement Misys Equation for its core banking function, while the Branch Automation module will be deployed to ensure efficiency between branches and give full support to tellers and customer services operations.  Misys Trade Innovation is implemented, for workflow management within the trade finance business.  Access to the bank via the Internet is crucial to the bank's customers and so part of the deal includes the IFM Internet Banking from Misys. Additionally, Misys Webform will be used for reporting within the solution.  Implementation of all modules is expected to take nine months and it will be integrated with the legacy ATM system and will enable easy access to the SWIFT networks. 

"We are delighted to expand our relationship and provide a world-leading solution that will serve all of the United Bank's integrated banking requirements," comments Roy Froud, General Manager, Middle East & Africa, Misys Banking Solutions.  "Bringing together networks and processes from the three component banks is crucial for The United Bank to maintain and enhance its competitiveness and to leverage the combined strengths which the acquirer has given. We look forward to continuing our relationship with the bank and delivering our proven technology which will help to enhance its strong market position."

Speaking on behalf of The United Bank, The Chairman & Managing Director Mr. Mohamed Ashmawy added, "We chose to work with Misys Banking Systems for numerous reasons, especially the company's strength and reputation in our region.  We are confident of the technology excellence and expertise we will obtain, besides the continuous support from Misys, as we have done in the past.  We believe that this enhanced partnership will lead us to maintain and consolidate our growth in the Egyptian banking market."

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About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in more than 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world and sales, implementation and customer support teams in nearly 30 countries. One third of the world's commercial loans, half of traded loan volumes and one in every eight global FX transactions are conducted using Misys systems.  Misys invests heavily in research and development and is one of the top industry spenders, investing nearly ten per cent of total revenue per annum.  Misys Banking Systems is part of Misys plc.

About Misys plc
Misys plc (FTSE: MSY.L), the global software and solutions 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, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com

For more information, please contact:
Suzan Muhanna
Regional Marketing Manager, MEA
Misys Banking Systems
+971 4 314 8130
suzan.muhanna@misys.com 

Edward Taylor
Global Head of PR
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com

© Press Release 2006