- Enables Local Banks and Investment Managers To Meet Austrac Compliance -

Sydney, 7 July 2008 - Logica, the leading IT and business services company, has today announced the launch of HotScan Plus which delivers a set of new modules specifically aimed at solving the issues involved with filtering domestic payments. Logica HotScan Plus helps to prevent funds being used by terrorists and other sanctioned entities and offers risk reduction combined with cost-effective compliance for banks and investment managers.

In February 2008 the Financial Action Task Force (FATF) updated its methodology for assessing compliance with changes to the definition of a domestic transfer to include chains of transfers that take place entirely in the EU (SEPA) and for all domestic transfers to include full originator information in the payment message for payment values above AUD $10,000. Logica HotScan Plus has been developed in response to this, enabling banks and investor management firms around the world, including those in Australia, to filter both domestic and cross border payments.

At the same time, it enables local organsiations to comply with reporting requirements to the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit.

Specifically, Logica HotScan Plus provides:

• Very high scalability – to filter millions of messages per day

• Multi-language – to filter international (Unicode) character sets

• Self Learning – advanced functionality to reduce future matches by learning from compliance users’ previous actions

Michael Wolfe, Managing Director of Financial Services for Logica in Australia, said: “For the last several years, regulation has required only international payments to be filtered against sanctioned entities. However, this is now changing with countries extending the regulations to include domestic payments. One of our clients is already responding to these regulatory changes with a programme to roll out domestic filtering in two countries in Eastern Europe followed by 14 countries in Asia.

“The volume of domestic payments for many banks is between 10 and 100 times greater than their number of international payments, “ Wolfe continued. “The need for a filtering solution that can scale up and deal with these volumes, have high accuracy and keep the number of alerts to a manageable amount is therefore paramount.”

The Logica HotScan product is recognised by independent analysts such as Celent and Aite Group as a leader in the watch-list filtering market. The product is implemented globally for some of the largest banks in the world, is used by banks in Australia, and filters approximately half of the world’s foreign exchange payments.

NOTES TO EDITORS

About Logica Logica is a leading IT and business services company, employing 39,000 people across 36 countries. It provides business consulting, systems integration, and IT and business process outsourcing services. Logica works closely with its customers to release their potential - enabling change that increases their efficiency, accelerates growth and manages risk. It applies its deep industry knowledge, technical excellence and global delivery expertise to help its customers build leadership positions in their markets. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at www.logica.com.