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Banco Terra in Mozambique delivers retail banking

with T24 to support its Rural Banking Programme

26 November 2008

GENEVA, Switzerland – 26 November 2008: Temenos (SWX: TEMN), the provider of integrated
core banking systems, today announced that Banco Terra, a specialist in financing agriculture-
oriented activities, has gone live with TEMENOS T24 Model Bank to support its new operations
in Mozambique. This will support all Banco Terra’s retail and commercial banking operations in
the region.

Banco Terra is a new financial institution owned by Rabobank (Netherlands), KfW (Germany),
Norfund (Norway) and Gapi (Mozambique), and was registered as a commercial bank in 2007.
After receiving a license to operate in Mozambique, the bank deployed T24 in just eight months
to open its first branch in the region. As a result, Banco Terra is now able to deliver a full range
of financial services to the unbanked population of Mozambique, including loans and savings
accounts and payment services. Temenos’ Model Bank implementation methodology enabled
the bank to reduce implementation time and costs, minimising the need for customisation, as
well as lowering the project risk.

This project forms part of an overall investment of over 20 million dollars to establish banking
operations in Mozambique, including 20 branches strategically located in rural areas
throughout the country to provide retail banking services to the agricultural and SME sectors.
T24 will be used across all of Banco Terra’s branches in Mozambique, which will be opened
between 2008 and 2010.

Maarten Susan, CEO of Banco Terra said, “Our objective is to be Mozambique’s leading provider
of retail banking products and services to the rural areas. We chose to partner with Temenos
based on its proven experience in the banking sector and its core banking technology expertise.
Rural banking services still need to be developed in Mozambique and with Temenos’ T24 Model
Bank, we now have the capability to offer a full range of products for lending, deposits and
transfers to the region.”

Banco Terra chose Temenos over other banking solution providers including i-flex, Infosys and
Tata Consulting Services (TCS) on the strength of its pre-configured products based on best
practice processes. The flexibility of T24 combined with Temenos Professional Services’
expertise enabled the bank to implement the software to meet the timescale requirements of
the bank.

Andreas Andreades, CEO, Temenos, says: “We are delighted to be able to contribute to the
development of banking services in rural Africa through this project. Our expertise in
community banking is now extensive and proven by more than 60 clients using our software in
this sector and over 600 across multiple banking sectors worldwide. Our model bank package
and methodology, a result of significant R&D investment, allows us to work with banks of all
sizes, while always delivering real business benefits and high return on investment.”

T24 Model Bank is packaged core banking software that provides banks with unparalleled
richness in functionality on an integrated, Service Oriented Architecture (SOA) with support
from front to back office. T24 Model Bank includes pre-configured, industry best practices for
each banking sector, enabling banks to optimize operations and processes while remaining
agile, flexible and responsive to business change. Its highly automated implementation
approach delivers short implementations with a rapid and measurable return on investment.
Fully integrated CRM and business intelligence capabilities provide a high degree of customer
intimacy and a clear and deep understanding of the enterprise including its risk and
performance. Its scalability, as underlined by recently reported Temenos/IBM performance
tests, means T24 is capable of servicing of banks ranging from small to up to 25million accounts.

In addition to its comprehensive SOA architecture, T24 incorporates modern technology and is
fully enabled for standard SOAP (Simple Object Access Protocol) web services, and BPEL process
execution. T24 is compliant with industry leading ESBs (Enterprise Service Buses) and can be
deployed on fully scalable, multi-server n-tier architecture. It provides a full front-to-back
solution from electronic delivery channels such as mobile devices and internet banking right
through to settlement, general ledger and other back office functions. This is delivered in a fully
integrated, reliable and cost effective environment. Temenos’ total commitment to open
standards enables its customers to benefit from the latest advances in technology ensuring
business agility, continuity, data integrity and reduced downtime delivering a significant,
immediate and ongoing return on investment.


About Banco Terra

Banco Terra is a fully fledged commercial bank with a special focus on rural banking. Its
objective is to contribute to Millennium Development Goal #1 on poverty eradication, and to
do so, the bank provides access to a full range of financial services to the rural and peri-urban
(underserviced) population in Mozambique, in a sustainable and viable way. Special attention
is devoted to micro-entrepreneurs, SMEs, rural enterprises and agriculture. Banco Terra does
not directly engage in Micro Finance activities.

For information please visit: http://www.bancoterra.co.mz/eng/

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a
global provider of banking software systems in the Retail, Corporate & Correspondent,
Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in
Geneva with 44 offices worldwide, Temenos serves over 600 customers in more than 120
Temenos’ software products provide advanced technology and rich functionality, incorporating
best practice processes that leverage Temenos’ experience in over 600 implementations
around the globe.

Temenos’ advanced and automated implementation approach, provided by its strong Client
Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos
annually invests around 20% in R&D, significantly more than its peers, into a single fully
packaged upgradeable software release, which ensures all Temenos customers benefit from
modern technology and support indefinitely. Temenos is top of the IBS Sales League Table
2008, winner of the Best Core Banking Product category in Banking Technology magazine’s
Readers’ Choice Awards 2008 and is listed in the American Banker top 100 FinTech companies.

For more information please visit www.temenos.com

For more information, contact:

Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com

Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com

Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: pshuttlewood@temenos.com

Evelina Amanatidou
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3592
Email: evelina@metia.com