BankInvest chooses Algorithmics' risk management and portfolio construction service

Toronto, Copenhagen, London - July 7, 2008 -

Algorithmics today announced that BankInvest, one of the leading independent asset managers in the Nordic region, has selected Algo Risk Service, a web-based portfolio construction and risk management service hosted by Algorithmics, to provide risk management and reporting for its fund management business in Denmark.

BankInvest's Head of Performance Measurement, Lars Ramm Raahauge, said: "Algorithmics provides us with a powerful and easy-to-use risk management system, which handles all our current and future asset classes.

"We needed an advanced risk management system for reporting and portfolio modeling and it was furthermore essential for us that the system could handle advanced asset modeling including modeling of Danish mortgage backed securities - which account for a significant part of the Danish bond market for us.

"We expect to benefit greatly from using Algorithmics - to handle our risk management and model our portfolios."

Andrew Aziz, Algorithmics' Executive Vice President of Risk Solutions, added: "Algo Risk Service was designed to meet both the risk assessment and portfolio modeling needs of the fund management industry. It assists clients in monitoring, managing and optimizing risk across all risk factors, asset classes and investment strategies using state of the art risk measurement and investment support tools.

"BankInvest can use the solution throughout its network to demonstrate to its pension fund clients that it can monitor the risk/return portfolios of client mandated portfolios together with the associated risk reporting."

For further information please contact:
Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line +44 (0) 20 7392 5820 Mobile +44 (0) 7515 974223
E-mail: Heather.smith@algorithmics.com

Notes to Editors:

The BankInvest Group is one of the leading independent asset managers in the Nordic region. Implementing active principles for portfolio management, BankInvest Group provides investment expertise within several areas ranging from global equities, over emerging market equities and debt via regular bonds to private equity and venture capital funds.

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. www.algorithmics.com

Algo Risk Service provides a fully integrated, flexible platform for assessing future risk across an organization in a single, consistent, rigorous environment covering all investment strategies across all risk factors and asset classes. It covers both traditional assets and sophisticated, structured products. Offered as a managed service, clients access the solution via a web browser. All the Algo Risk Service software and computing power is hosted by Algorithmics, allowing the cost of ownership to be dramatically reduced.

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings' global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

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 and www.fimalac.com

© 2008 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.