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Toronto/London/Tokyo - July 25, 2007 -

Algorithmics today announced it has signed an agreement with four entities of Mitsubishi UFJ Financial Group, enabling them to access FIRST, Algorithmics' Operational Risk Case Studies solution.

Mitsubishi UFJ Financial Group and its three subsidiaries, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking and The Master Trust Bank of Japan have all entered into subscription agreements to access FIRST. It offers the industry's most comprehensive set of external operational risk data, containing detailed case studies of around 7,000 loss events, reflecting over twenty years of in-depth research. This comprehensive view of exposures and lessons learned helps clients proactively manage risk across their own companies.

Mitsubishi UFJ Financial Group is one of the world's largest financial institutions and joins a roster of more than eighty of the world's premier financial institutions that are using the FIRST database to assist in managing operational risk proactively and as part of a best-practice program.

Mitsubishi UFJ Trust and Banking and The Master Trust Bank of Japan will also join Mitsubishi UFJ Financial Group and The Bank of Tokyo-Mitsubishi UFJ, already long term users of OpData, a quantitative database containing 13,000 data points which is used to supplement companies' internal loss data for capital modeling purposes and serves as an important tool for validating capital results.

Eric Takigawa, Managing Director of Algorithmics' Asia Pacific region, said: "The progress and evolution of risk management in Asia is preceded by the foundations of best risk practices in North America and Europe. In much the same way, Algorithmics' success in winning important operational risk mandates in Asia follows successes gained in North America and Europe. There is evidence that operational risk management is now in full swing in Asia, and Algorithmics is prepared to serve this market with innovative solutions such as our FIRST repository and software solutions that offer multi-lingual capabilities."

Notes to Editors:

Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group is one of the world's largest financial institutions ranked by assets (estimated at USD$1.6 trillion). The company was formed on October 1, 2005 with the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. The company's headquarters are located in Chiyoda ward, Tokyo. Mitsubishi UFJ Financial Group manages the affairs of its subsidiaries within the group and the business of the group as a whole along with all relevant ancillary business.

Algorithmics is the world's leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

Algo OpContent
FIRST, a database utilizing a unique real-life case study approach, is designed to assist institutions with their analysis of external operational risk events. The FIRST database is used as a qualitative tool, providing information on control breakdowns, event triggers, insight into why the losses occurred and lessons learned. FIRST contains case studies on approximately 7,000 operational risk loss events and is unrivalled in its depth of analysis and coverage of the industry.
OpData is designed to supplement internal loss data for capital modeling purposes and serves as an important tool for validating capital results. Exposure data for the top 500 banks is available and includes total assets, total equity, total revenues, total deposits, and number of employees. Losses in the OpData database are categorized according to the Basel Committee on Banking Supervision's (Basel II) definition of operational risk and its event type hierarchy. In most cases, losses are grouped at the activity level (Level 3), as well as according to the eight standard business lines.

Fitch Group is the parent company of Fitch Ratings, a global rating agency dedicated to providing the world's credit markets with independent and prospective credit opinions, research and data. The Fitch Group also includes Derivative Fitch, an independent provider of a suite of ratings and comprehensive services for the credit derivatives market; Algorithmics, the world's leading provider of enterprise risk solutions; and Fitch Training, which offers highquality analytical training for financial professionals. The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com; www.algorithmics.com; www.fitchtraining.com; and www.fimalac.com.

© 2007 Algorithmics Software LLC. All rights reserved. ALGO, ALGORITHMICS, Ai & design, ALGORITHMICS & Ai & design, KNOW YOUR RISK, MARK-TO-FUTURE, RISKWATCH, ALGO RISK SERVICE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO OPVANTAGE FIRST, ALGO RISK and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

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