Trema Announces Strong Start to 2006

Business Wire, April 4, 2006

BOSTON -- Trema, the leading provider of treasury and asset management software, today reported strong results for the first quarter of fiscal year 2006. Following on from a robust performance in 2005, Trema has achieved record revenues and profits. Revenues for the first fiscal quarter were US$15.4m an increase of 48% compared to the same period a year ago.

The quarter has been marked by a significant expansion of its customer base across both of its product lines - TremaSuite(TM) and TremaOne(TM) - and substantial growth in the Americas. Trema has signed 7 major contracts with blue-chip customers including Inter-American Development Bank, Banco Credito Inversiones, Ministry of Finance of the Czech Republic and the Elster Group.

"This has been an exceptional quarter for us." commented Trema's CEO, Michele Fitzpatrick "We continue to be positioned as a pioneer and innovator in the global treasury management space," added Fitzpatrick. "In 2005, we released new powerful capabilities with Version 7 of the TremaSuite as well as TremaOne, our mid-market offering. Uniquely, both solutions combine a breadth of functions and domain expertise with true end-to-end integration and automation capabilities, making it easy for companies to manage and control all their financial cycles, instantly and globally."

Growth was generally strong across all segments and business lines, especially in licensed sales, an indication that Trema's latest software releases are being very well received by the market.

Notes to Editors

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, Banque de France, ING Investment Management, Lucent Technologies, GE Capital, Porsche, Merck and Philips. Trema is the global system of choice for central banks and Supranationals.

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

TremaSuite(TM) is a versatile treasury & asset management suite that suite 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 suite includes five integrated modules: Transaction & Risk Management, Cash Management, Commercial Loan Management, Portfolio & Performance Management and Accounting.

The application can be deployed globally and securely over the Internet whilst an open design and versatile API tools ensure that it can easily be interfaced to dealing platforms, market data feeds, banks, ERP and payment and settlement systems, making the suite a strategic platform for enterprise finance.

TremaOne(TM) is an efficient corporate treasury solution that is quick to install, easy to use, maintain and yet delivers best practice in one cost effective package.

The application can be deployed on the desktop or over the web and is available as a hosted on-demand service. It also comes with a powerful task scheduler which can automate, time, and sequence many workflow processes, including the import or export of data to and from other systems.

Trema is a privately held corporation, which is owned by major institutional investors which include Investcorp, The Carlyle Group, ABS Ventures and Norvestor Equity AS.

For more information please visit: www.trema.com.