STANLIB Limited goes live with Kurtosys for client reporting

London – November 12, 2008

Kurtosys Systems Inc. has confirmed that STANLIB Limited has gone live with the Kurtosys Managed Service Platform for its institutional client reporting.

The Managed Service Platform from Kurtosys will provide a fully hosted and secured environment which automates data aggregation, report calculation, report generation (valuations and performance), report presentation and distribution through a white labelled web portal.

For STANLIB’s Chief Technology Officer, Shawn Smith, the short implementation time and technology outsourcing will allow STANLIB to focus on operational efficiencies by automating administrative processes.

Mr. Smith said “Under the current market conditions, transparency, timeliness and accuracy are of the utmost importance in acquiring and retaining clients. Kurtosys gives us complete control over the client reporting process and allows us to deliver a high quality product to our customers. We are extremely happy with the managed service team and solution”.

Mash Patel, Kurtosys’s CEO, said “STANLIB has been the ideal client. Working within our best practices framework for configuring the Kurtosys platform, STANLIB has managed to complete the implementation process within 120 days.”

About STANLIB LTD

STANLIB has over 400,000 individuals as clients and also manages assets on behalf of Liberty Life policyholders and a growing number of third parties including government related, parastatal and corporate pension funds as well as provincial governments, municipalities and medical aid schemes. Today STANLIB manages assets of over R340 billion (31/12/2007), making it the 3rd largest manager of investments in South Africa.

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