F&C Management Orders Sentinel For Compliance

London, 17 June 2004 - F&C Mangement Limited (F&C), a leading Pan-European asset manger, with over 90.6 billion Euros under management, has chosen LatentZero's Sentinel as its global pre- and post-trade compliance solution.

LatentZero won the order of one of Eurpope's largest asset management firms after a final review against a leading competitor.

LatentZero is set to replace an existing in-house system and won the contract after a rigorous evaluation process. It demonstrated that Sentinel could integrate effectively with F&C's other front office applications. The high level of functionality in LatentZero's scaleable, future-proof technology together with the quality of its people shone through.

Commenting on the contract win, Patrick White, Regional Sales Manger at LatentZero, said: "We now have an increasing number of major pan-European players amongst our customer base, which fits in with our growth strategy for the region. There is no doubt that we are being seen as the first choice for compliance technology."

About LatentZero

LatentZero is a global technology firm specializing in front office solutions for the buy-side communities. LatentZero provides expert assistance with product implementation, technical integration, business and workflow review, consulting and training for its Capstone product suite.

About Capstone

Each component of Capstone works seamlessly with each other, but also can be implemented separately as part of a best-of-class approach. The components are: Tesseract, a fund manager decision support and order generation tool; Minerva, an order management and trading system; and Sentinel, which monitors the entire process for compliance and includes libraries of rules of all the major regulatory bodies across the globe. The LatentZero technical architecture is high performance and state-of-the-art. It is 24x7, flexible, open and scalable. It works seamlessly with any other front, middle or back office technology and significantly differentiates LatentZero from its competitors.

About F&C

F&C Management Limited (F&C) is a leading a pan-European asset manager. Currently managing over €90.6 billion in assets for both institutions and individuals world-wide.

We trace our history back to 1868 when a group of innovative investors established the world's first pooled investment fund to allow the average British saver of moderate means to invest in places foreign and colonial. That fund - Foreign & Colonial Investment Trust - still exists and remains the largest of its kind in the world.

Today's F&C was created following the completion of the sale of Foreign & Colonial Management to Eureko B V in March 2001.

We are a rapidly expanding competitor in the pan-European market place. F&C is headquartered in London, with representative investment offices in Amsterdam, Dublin, Lisbon and Greece as well as dedicated client service and marketing offices in Boston, France and Frankfurt.

F&C is wholly owned by Eureko B V, one of Europe's leading financial services groups.