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Business Services Industry

Scottish & Newcastle Commits to Trema

Business Wire, Oct 11, 2005

BOSTON -- Trema:

--International brewer uses The Richmond Suite to eliminate manual financial processes

--Extends breadth of system to incorporate integrated cash flow and risk management

International brewer Scottish & Newcastle plc (S&N) is to significantly enhance its use of The Richmond Suite, Trema's highly effective treasury management solution for medium sized treasuries.

A Richmond client for over ten years, S&N had developed a number of processes outside the system. The company's need for integrated cash and risk management had also increased as a result of stringent control requirements imposed by S&N's Board Committee on Treasury.

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The Richmond Suite will now support the enriched Microsoft .NET user environment, which affords support for multiple languages, user configurable screen layouts and navigation coupled with a powerful reporting tool at the users' fingertips. Mainstream release of the .NET version is planned for early Q1 2006.

"Scottish & Newcastle's due diligence policies required us to perform a rigorous and objective market review to identify a treasury management solution capable of meeting the Group's current and future requirements," said Andrew McLauchlan, Treasury Development Manager at Scottish & Newcastle. "As a result, we are broadening our original implementation by adding many new features that will bring us added value through enhanced integration with our banking, accounting and market information software."

He added: "A key strategy for us is to eliminate repetitive and unproductive manual processes. We are improving treasury and cash management efficiency through the introduction of real-time data availability."

Trema's recent acquisition of Richmond Software was a further positive factor in S&N's decision according to Alan Dick, Group Treasurer at S&N.

"We were very pleased to learn that Trema had purchased Richmond and we regard this acquisition as being very positive for customers. Richmond Software has enjoyed a track record of steady growth and success. We are positive that the acquisition will help Trema's growth and development in the coming years."

"Companies must be confident in their ability to keep up with internal and external policies," said Kevin Grant, Director of Strategy and Business Development at Trema. "The Richmond Suite allows S&N to broaden its implementation in order to meet these changing needs. This is not only about delivering ease of use, and simplicity, but the appropriate level of risk management and functional depth."

Notes to Editors

About Scottish & Newcastle plc

S&N is one of the world's largest brewing companies. A diverse business with considerable geographic spread, S&N has interests in over 50 breweries worldwide, and exports to more than 60 countries. S&N is listed on the London Stock Exchange (FTSE 100) and has a current market capitalization of approximately GBP 4.1 billion. S&N's reported profit before tax for the year ended 31 December 2004 was GBP 373 million (operating profit GBP 454 million) on turnover of GBP 5 billion.

About Trema

Trema is the leading provider of treasury and asset management software for corporations and financial institutions. Trema's experts in treasury and asset management are setting a new standard for the industry and are highly focused on adding measurable value to our customers.

Trema is proven at over 250 global blue-chip customers including The European Central Bank, Lucent Technologies, Banque de France, Porsche, GE Capital, ABN Amro, ING Investment Management, Cargill, Merck and Philips. Trema is the system of choice for Central Banks and it manages 80% of the Eurozone reserves.

Trema offers two distinct solutions tailored to respond to the varied needs and operational complexities of today's treasuries:

The Trema Suite(TM) is a versatile Treasury & Asset Management suite that supports the widest range of instruments and functions, in a single integrated, yet open and modular system. It delivers unprecedented ROI by providing companies with immediate visibility & control, and easy compliance throughout the enterprise.

The Richmond Suite is an effective corporate treasury solution that is quick to install, easy to use, maintain and yet delivers best practice in one cost effective package.

Web-based technology allows the customer to deploy both systems globally and securely via the Internet. Open design and versatile API tools ensure that the systems can be interfaced to other applications such as dealing platforms, market data feeds, banks, ERP and payment and settlement systems.

Trema is a privately held corporation, which is owned by major institutional investors with a strong track record: Investcorp, The Carlyle Group, ABS Ventures and Norsk Vekst.

For more information please visit: www.trema.com

Business Services Industry

Scottish & Newcastle Commits to Trema

Business Wire, Oct 11, 2005

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