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  Press Release

Press Contact
Julie Bower, Rivercalm
Tel: +44 (0)20 7665 1636
Email: bower@rivercalm.com

Mosaic Software Contact
Willem van Biljon
Group CEO, Mosaic Software
Tel: +27 (0)82 658 2967
Email: willem@mosaicsoftware.com

Former Microsoft executive Paul Maritz invests in Mosaic Software

Rome, Italy, 8th October - Mosaic Software is today proud to announce from the European Technology Roundtable Exhibition (ETRE) 2001 that Paul Maritz has acquired an equity interest in the electronic funds transfer (EFT) software company. He will also be joining the board of directors of Mosaic Software with immediate effect. Maritz (46) retired last year after 14 years at Microsoft Corporation, where he served as senior member of the executive staff.

As group vice president of the Platforms Strategy and Developer Group, Maritz managed large parts of Microsoft's product development efforts, including Office, Databases, Tools, and all versions of Windows. He played a key role in helping guide Microsoft's strategy and business planning over the years. Before joining Microsoft, Maritz was involved with Intel Corporation for five years, where he was responsible for the marketing and development of tools to help create software for use with Intel microprocessors.

Willem van Biljon, Group CEO of Mosaic Software, says: "We are very proud that Paul has found our technology worthy of his personal investment, and are excited that he has also agreed to join our board of directors. His vision, which has had a major impact on the entire IT industry, will be of huge benefit to us."

"I am excited about Mosaic Software's commitment to quality products and the transaction space, and I look forward to working with them to further build a winning company," says Maritz.

Mosaic Software is a leading-edge provider of EFT software for consumer-generated electronic transactions. The company is firmly established in the EFT industry and its solutions drive operations in 28 countries. Mosaic Software's core product, Postilion, has a highly scalable modular systems architecture, which allows it to be deployed across a wide spectrum of applications, from ATM driving through to regional or national transaction switches that process millions of transactions per month. With solutions that position it for global leadership in a number of market segments, a cost-effective Windows 2000 and Intel platform, and Java-based development tools, Mosaic Software is well placed for rapid and profitable growth.

The other directors on the Mosaic Software board are Johann Dreyer (Executive Chairman, Mosaic Software), Willem van Biljon (Group CEO, Mosaic Software), and non-executive members Rian du Plessis (Comparex Holdings) and Paul Marran (GE Equity). -Ends-

About Mosaic Software

Mosaic Software is a leading edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web-enabled ATM and prepay software solutions. The company is held by strategic partners GE Equity and Comparex Holdings, and Mosaic Software management. With offices in the UK, the US, South Africa and Australia, Mosaic Software has a strong global presence.

The company is firmly established in the financial services industry and its EFT solutions drive operations in a large number of multinational companies and industry leaders around the globe. Clients include financial institutions, retailers, Internet service providers, card issuers, telcos, data processing service providers and some of the foremost players in the emerging online industry.

Mosaic Software's European clients include Retail Decisions (ReD), Transaction Network Services, Royal Sun Alliance, GE, and Ashburn UAB. International clients include American Express and 7-Eleven.

For further information please see www.mosaicsoftware.com



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