• Best of breed treasury and capital markets solution will provide capability for FX, fixed income and derivatives
• First Kazakhstan banking institution to take Misys Summit FT signifies emerging market desires for sophisticated  cross-asset front-to-back software solutions

6 September 2007 - Kazkommertsbank, the largest bank in Kazakhstan, has purchased a best-of-breed treasury and capital markets solution from Misys, the global software and solutions company, to offer a full range of complex products, including credit derivatives to customers and boost monitoring of credit and market risk.

The bank will implement Misys Summit FT at its head office in Almaty during the next 12 months in a strategic move to establish an integrated system for cross-asset and front-to-back processing of a range of financial instruments. A further rollout in Russia is also planned.

The decision to purchase a sophisticated, high-end solution responds to growing market needs for monitoring credit and market risk limits, as well as to improve automation in generating confirmations and SWIFT Messages. As a long-term investment, the bank is also looking to introduce more complex products like derivatives and hybrids in the future and needed a solution that would meet these future needs.

Misys Summit FT leverages a tiered architecture to provide a proven, technologically advanced, multi-asset class solution for treasury and capital market operations and the new deal will see all asset classes (FX, fixed income and derivatives) operated on a common straight-through-processing platform enabling Kazkommertsbank to reduce risk exposure.  Traders at the bank will be able to quickly evaluate the impact of changes in market data directly on risk.

Adil Batyrbekov, Managing Director at Kazkommertsbank comments: "Ours is an emerging and rapidly developing financial market and we are streamlining on a single system so that in future, we will be able to quickly roll out new products and improve our operational control for more complex products. The improved risk measurement and monitoring controls we'll experience will give us a real strategic edge against our domestic as well as international competition."

Kazkommertsbank has been working with Misys Core Banking solutions for seven years and is extending its relationship with Misys following an evaluation of treasury and capital markets solutions. Offerings from several other international and local vendors were all considered before the bank chose Misys Summit FT due to its market experience, customer references and flexibility.

Keith Stonell, MD EMEA for Misys Treasury Capital Markets adds: "Emerging market players are more and more opting for sophisticated solutions for treasury and derivatives to stave off competition from foreign banks. Kazkommertsbank is the first bank in Kazakhstan to work with Misys on the treasury and capital markets side and our professional services team will build an interface to the KASE stock exchange to increase their trading abilities."

Kazkommertsbank is a jointstock bank and operates in the Republic of Kazakhstan since 1990. The bank has subsidiaries in Republic of Kyrgystan and Russian Federation. According to independent appraisals, Kazkommertsbank has confirmed its position as the 1st largest private bank and the 4th largest financial institution in the CIS region in terms of total assets following Russian state owned banks (as a comparison, in 2004 Kazkommertsbank held the 7th position).

The bank's primary business consists of commercial banking activities, operations with securities, foreign currencies and derivative instruments, originating loans and guarantees.

At the end of 2006, Kazkommertsbank was the first bank from Kazakhstan to undertake and successfully finalize its international public offering on the London Stock Exchange and in doing so, the year marked the foundation for the bank's future development.

Misys Treasury & Capital Markets has 17 years of market experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

- Ends -

For further information or to request an interview with a Misys spokesperson, please contact:

Stephen White
Misys Treasury & Capital Markets
t. +44 (0) 207 757 6134
stephen.white@misys.com

Nick Parker
Financial Dynamics
t. +44 (0)20 7269 7181
nick.parker@fd.com

About Misys plc
Misys plc (FTSE: MSY.L) provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries.  We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success. 

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks.  In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Misys employs around 5,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

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