Investec Selects Reveleus for Basel II Compliance

New Delhi, October 10, 2006: Reveleus™, a business of i-flex® solutions and a global provider of analytical applications for the financial services industry, today announced that Investec, an international banking group that provides a diverse range of financial products and services to a select client base, has selected the Reveleus Basel II Solution. The Reveleus solution will enable Investec, to compute regulatory capital that conforms to the Advanced Internal Ratings Based Approach of the Basel II Accord.

Investec will implement the Reveleus Solution at its South African Headquarters and extend it to other countries in which it operates, including the United Kingdom and Australia.

Speaking on the relationship, Rayanne Jacobson, Basel II Programme Leader at Investec said, "Investec is committed to being at the forefront of risk management practices such as Basel II. The implementation is really about adopting an enterprise-wide approach that comprehensively monitors and measures our risk across geographies, diverse investment strategies and product groups. We are looking forward to our partnership with Reveleus to help ensure that we meet our compliance deadlines."


Commenting on the customer win, S. Ramakrishnan - CEO of Reveleus, said, "The selection of Reveleus by Investec demonstrates how Reveleus is well positioned to tackle the global nature of Basel II compliance. Investec will benefit from our experience that has been enriched by multiple Basel II global deployments. We are excited about the Investec engagement and are committed to a lasting partnership that will enable the bank to address their risk management and compliance initiatives."

This engagement is the first in South Africa after an agreement between Oracle and i-flex solutions, for Oracle to resell the Reveleus Basel II solution and enables Investec, a strategic Oracle customer, to benefit from the alliance.

Nicky Sheridan, Managing Director of Oracle SA adds, "There are clear opportunities for Oracle and Reveleus to work together in the South African and wider African markets. The premise of the Basel II requirement means that all financial institutions, regardless of size or geography, stand to gain from robust risk management practices. We are excited to be partnering with Reveleus to address this critical business requirement."

About Reveleus

Reveleus™ is a global provider of analytical applications for the financial services industry in the areas of risk management, customer insight, and enterprise financial performance. Reveleus' pioneering Risk Analytics product suite enables financial institutions to solve complex challenges including multi-jurisdictional Basel II compliance and operational risk management.

Reveleus is a business of i-flex solutions, which has delivered award-winning IT services to over 660 financial institutions in over 120 countries. For more information about Reveleus' products and services email us at iflexinfo@reveleus.com.

i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak and PrimeSourcing are trademarks of i-flex solutions and are registered in several countries.

All other company and product names are trademarks of the respective companies with which they are associated.

For information, please visit: www.iflexsolutions.com

About Oracle

Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at www.oracle.com

About Investec

Investec is an international, specialist banking group that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec is organised as a network comprising business divisions of Investment Banking, Treasury and Specialised Finance, Private Client Activities, Asset Management and Property Activities.

Since Investec was founded in South Africa in 1974, it has expanded through a combination of substantial organic growth and a series of strategic acquisitions in South Africa, the United Kingdom, and other geographies in which Investec operates. Investec's strategic goals and objectives are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group's principal business areas. The group's philosophy has been to build well-defined, value-added businesses focusing on serving the needs of select market niches where the group can compete effectively. The group employs approximately 4 800 people world-wide.

In July 2002 Investec became the first South African group to list in London and Johannesburg by implementing a Dual Listed Companies (DLC) structure. The London listing benefits the group by increasing its global profile, enhancing its capital raising ability and improving access to international capital markets