Financial Software Limited and SunGard Investment Management Systems Join Forces to Provide Best-of-Breed Wealth Management Solution

APSYS III to Offer Real-Time Capital Gains Tax Calculation to UK Wealth Investment Managers through CGix

London, September 29, 2004 - SunGard Investment Management Systems, an operating group of SunGard (NYSE:SDS), today announced the seamless integration of APSYS III with Financial Software Limited's CGix Capital Gains Tax (CGT) solution. Financial Software Limited (FSL) is a leading provider of CGT solutions to both large and medium sized private wealth investment managers. SunGard Investment Management Systems is a leading international provider of investment management software solutions for the front-, middle- and back-office activities of global asset management firms.

APSYS III is a flexible, multi-lingual, multi-currency, multi-entity, real-time, front-to-back solution designed primarily for financial institutions to serve their private clients. This partnership reflects the ongoing SunGard strategy to adapt APSYS III to UK requirements for onshore clients. CGix provides Capital Gains Tax calculations and a tax optimization solution through a sophisticated 'What-if' capability, which calculates the effects of hypothetical sales for real-time forecasting within a client's portfolio. APSYS III UK clients can now enjoy full automation, full UK compliance and extensive reporting functionality of CGT calculations within portfolios.

David Pirrie, technical director at FSL, said, 'SunGard is a leading provider of solutions for the wealth management industry. This initiative is a good opportunity to capitalize on each other's expertise and deliver a state-of-the-art straight-through processing environment for the UK.'

Daniel Bardini, president of APSYS III at SunGard Investment Management Systems, added, 'After a detailed analysis, it seems that CGix is one of the only product within the UK industry to provide a comprehensive solution to the automation of CGT calculations on investment portfolios. By partnering with Financial Software to offer its CGT calculation through APSYS III, we are providing UK wealth investment managers with a reliable real-time solution to better serve their customers.'

About Financial Software Limited

Financial Software Limited (FSL) is a specialist software company that has been supplying and supporting the UK financial market for ten years. FSL is a leading provider of CGT solutions to both large and medium sized private wealth investment managers and the 'best of breed' CGix solution is also the preferred solution of the leading outsource providers in the UK market. As such, FSL is now contracted to provide CGix to over fifty major financial institutions in the UK.

About SunGard Investment Management Systems

SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management industry for trading, portfolio management, compliance, investment accounting, private banking, and performance measurement and attribution applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate over $10 trillion in assets processed daily by these solutions.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion.