Fundtech Ltd. Announces Pricing of its Follow-on Public Offering of 2,900,000 Ordinary Shares at $35.00 Per Share

Business Wire, April 30, 1999

RAMAT GAN, Israel--(BUSINESS WIRE)--April 30, 1999--

Fundtech Ltd. (Nasdaq: FNDTF) announced today the pricing of a follow-on public offering of 2,900,000 Ordinary Shares, all of which are being issued and sold by Fundtech, at $35.00 per share. Fundtech has also granted the underwriting group the option to purchase an additional 435,000 Ordinary Shares to cover over-allotments.

Fundtech intends to use the net proceeds of the offering for the continued growth of its product and service offerings, the expansion of worldwide sales channels, general corporate purposes and possible acquisitions.

The offering is being made through an underwriting group managed by BancBoston Robertson Stephens Inc., Salomon Smith Barney Inc., CIBC Oppenheimer Corp., Hambrecht & Quist LLC and Lehman Brothers Inc.

Fundtech is a leading provider of software which enables businesses and their banks to process payments, transfer funds and manage cash positions electronically. The Company's client/server software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the final prospectus relating to the offering may be obtained from BancBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA 94104, 415/781-9700; Salomon Smith Barney Inc., 388 Greenwich St., New York, NY 10013, 212/816-6000; CIBC Oppenheimer Corp., 1 World Financial Center, New York, NY 10281, 212/667-7000; Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, 415/439-3000; or Lehman Brothers Inc., 3 World Financial Center, New York, NY 10285, 212/526-7000.