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  Press Release

Press Contact: Julie Bower, Rivercalm.
Tel: 020 7665 1636. Email: bower@rivercalm.com

Ex-CEO of London Stock Exchange joins Mosaic Software
Board

London, 4 December 2001 – Mosaic Software Holdings
Limited is proud to announce that Gavin Casey has joined
their board of directors. Casey was chief executive of
the London Stock Exchange until September 2000.

Casey is looking forward to a close working relationship
with the people of Mosaic Software. “I was very taken
with the Mosaic team. They are a bright group with strong
management, operating in a fascinating business,” he
says.

As chief executive of the LSE, Casey was responsible for
implementing the strategy agreed by the board; for
demutualising the exchange, enabling it to become a for-
profit company; and for turning round the fortunes of the
Exchange over a period of four years. Before joining the
LSE in 1996, Casey served as group finance director and
later chief operating officer of Smith New Court plc, an
international securities house based in London (acquired
by Merrill Lynch in 1995).

Willem van Biljon, Group CEO of Mosaic Software, says
this is a strategic addition to the board. “Gavin’s
experience and in-depth knowledge of the financial
markets and European business environment in general will
be of huge benefit to Mosaic, and will complement the
management team and the board”.

Recently, Paul Maritz, ex-Microsoft executive, was also
appointed to Mosaic Software’s board of directors.

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’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.

-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.

For further information please see www.mosaicsoftware.com

For more information, please contact:
Gavin Casey
Tel: +44 20 77302483



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