Top European Emissions Trader Selects SunGard for EU ETS; Shell Energy Trading Limited Licenses SunGard's ZaiNet Emissions Trading Software To Help Manage Global CO2 Emissions Portfolio

Business Wire, July 5, 2005

HOUSTON -- SunGard (NYSE: SDS) announced today that Shell Energy Trading Limited (Shell Trading) has licensed SunGard's ZaiNet Emissions Trading software to manage its global carbon dioxide emissions portfolio. Shell Trading's Environmental Products group trades 15 environmental products globally and will use the ZaiNet European Union Emissions Trading Scheme (EU-ETS) module to manage its portfolio in compliance with the EU-ETS.

With the implementation of the EU-ETS on 1 January 2005, Shell Trading sought an efficient set of tools to help support its compliance and management of risks associated with the new regulations. Shell Trading chose the ZaiNet EU-ETS module to help maximize integration of emissions transactions with its existing database of energy trades. Shell Trading uses ZaiNet for its end-to-end transaction processing of trades, portfolio management and asset optimization, achieving straight-through processing of its energy based traded commodities.

John Moulton, general manager, Shell Energy Trading Limited, stated, "Our decision to implement SunGard's ZaiNet Emissions Trading solution was driven by our need to support the regulations for emissions trading across our environmental products portfolio." Mr. Moulton added, "Shell is committed to environmental responsibility. SunGard's experience with green energy and its early availability of an EU-ETS solution contributed to our decision to expand our use of this application set."

Matt Mandalinci, president of SunGard's energy solutions business unit, said that "Shell Energy Trading originally selected ZaiNet for its proven energy risk management, analytics and reporting tools. We expect that the EU emissions directive will draw many more players into the market for a comprehensive trading management system."

At the same time it licensed the ZaiNet EU-ETS functionality, Shell Trading also implemented the ZaiNet Renewables Obligation module. ZaiNet is used by green energy producers such as Ecotricity, the largest independent green energy supplier in Europe, as well as large energy producers like Shell Trading.

About Shell Trading

Named by Environmental Finance magazine as the top trading company for the EU emissions markets, Shell Trading has been at the forefront of environmental products trading since inception. The Shell Trading network of companies trade, in aggregate, the equivalent of around fourteen million barrels per day in crude oil, refined products, natural gas, electricity, chemicals and environmental products. By integrating all these activities and by sharing information and best practice, Shell Trading companies are positioned to leverage their scale, global reach, talent and financial strength to compete strongly in energy markets.

About ZaiNet

SunGard's ZaiNet is a trading and risk management solution for European energy organizations that supports a range of needs, from the front to the back office. Utilities and independent power providers; energy refiners, wholesalers, and retailers; corporations and financial institutions employ ZaiNet in trading, scheduling, and risk management activities. ZaiNet offers these organizations real-time views of enterprise risk, across commodities. It supports trading of power, natural gas, crude oil, refined petroleum products, and a wide range of physical and financial instruments.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and ZaiNet are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.