Four British banks enter into agreements with EDB

Four British banks enter into agreements with EDB

(Oslo, 15 November 2007) Four British banks have entered into agreements to use EDB's solutions for delivery of card services. The agreements represent total contract value of around NOK 25 million over a 5-year period, and were won against tough international competition from other suppliers. EDB is seeing strong interest in the company's banking solutions from the UK market, and has established an office in London to develop this market.

EDB is the market leader for solutions used by banks and financial institutions in the North, and is also experiencing strong interest in its banking components from the international market.

"We are seeing an inflow of new contracts from Great Britain, and EDB's solutions are very competitive in this market. These four new contracts are the result of long-term and targeted marketing in the British banking market, and by opening an office in London we are taking a further step in our coverage of this market", comments Eva Trasti, EVP - Bank & Finance at EDB.

EDB already supplies a number of other British banks, and these new contracts bring the total number of banking clients in the UK and the Channel Islands to 20. EDB's card administration systems are now used by total of about 150 Norwegian and international banks.

EDB's offer for the banking and finance sector

EDB provides total solutions for every aspect of banking operations - from core banking systems through to user applications - and supplies the majority of Norwegian banks. EDB also delivers solutions and services to Nordic banks and a number of international banks and financial institutions. Core banking systems delivered by EDB currently serve 6,5 million banking customers, and 3,1 million customers use EDB's internet banking solutions. EDB's systems for payment services currently process more than 5 billion transactions annually.

Contact persons:

Eva Trasti, EVP - Bank & Finance, EDB. Tel: +47 901 17 009

Geir Remman, EVP - Corporate Communications, EDB. Tel: +47 970 55 017

EDB Business Partner is a leading Nordic stock exchange listed IT company. The EDB group has 4,000 employees, and reported turnover of NOK 5.8 billion in 2006. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions. EDB is committed to being a close and attentive IT partner that helps its customers operate more efficiently and achieve their business objectives. EDB Business Partner is listed on Oslo Børs with the ticker code: EDBASA.

For further information see: www.edb.com