Chris TerrellRegional Business Manager

4 February 2004

End-to-end solutions servicing a Global Customer Base

i-flex PresenceChina MauritiusGhana NetherlandsGermany NigeriaHungary SingaporeIceland South AfricaIndia Sri LankaJamaica UKKenya USAKuwait ZambiaMalaysia Zimbabwe

Global Support Delivery

Subsidiaries & Offices:Amsterdam Bangalore DubaiChennai Frankfurt JapanLondon Mumbai New Jersey New York Pune Singapore

Presence:Australia Japan KenyaNigeria South Africa Zimbabwe

Revenue as of H1 04

Globally Diversified Revenue

Asia Pacific17%

Latin America and Caribbean

1% Middle East and Africa

18%

USA42%Europe

22%

As of end Sep 03

Customer Locations 432 customers serviced in 101

countries

FLEXCUBE: ranked the world’s # 1 Back Office Solution (IBS Publishing Ltd)

– Snapshot of the Decade

$47.4$70.7

$82.30

$138.6

$95.0

020406080

100120140

FY00 FY01 FY02 FY03 H104U

S$ M

MFLEXCUBE- a Global Brand

None Brand Equity

> US$ 1 bnUS$ 1 mnCapital/ M Cap

2500250Staff

US$ 37 mnUS$ 0.25Profits

US$ 138 mnUS$ 2.5 mnRevenue

100+7No. of Customer Countries

400+12No. of Customers

20031993

Central Bank Central Bank of Maltaof Malta

– Sample CustomersGlobal FIs

Leading Regional / National FIs

Specialized FIs

Karur Vysya Bank

Reserve Bankof India