OpenLink

Zurich Capital Markets Licenses OpenLink's Energy and Financial Solutions and Enters Into Long-term Co-Development Agreement

LONDON, February 6, 2002 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that it has licensed current versions of Endur™ and Findur™ to Zurich Capital Markets (ZCM), and simultaneously entered into a two year co-development agreement with ZCM covering future Findur system enhancements.

"After a comprehensive search that began with a list of 150 applications, ZCM selected OpenLink's cross-market platform as the most capable of meeting current business needs and supporting global growth plans for the future," said Paul Verschuer, managing director at Zurich Capital Markets. "OpenLink has the ability and commitment to work with us to further develop the future functionality that will be needed to handle our growing businesses."

"Together, OpenLink and Zurich Capital Markets will dedicate a significant amount of time over the next 24 months to extend Findur's already impressive functionality," said Jean-Claude Riss, managing director of OpenLink International. "Since Zurich Capital Markets is a relatively young company, they have the rare opportunity to define all workflows and processes without any significant legacy requirements. This will enable ZCM to fully leverage all of our system's current functionality and comprehensive market coverage, while we benefit by transforming their business expertise into future OpenLink system enhancements."

About Zurich Capital Markets

Zurich Capital Markets (ZCM), a global business unit of the Zurich Financial Services Group, provides innovative investment, financing and risk management solutions to leading financial institutions and ultra high net worth individuals. Acting as principal, with expertise in areas such as Managed Assets, Structured Finance, Banking and Treasury, ZCM develops non-traditional, tailored solutions for its clients' financial challenges. The evolving global network of ZCM includes offices in New York, London, Dublin and Sydney. Three ZCM group entities, ZCM Matched Funding Corp., Zurich Capital Markets Australia Limited and Zurich Bank, are currently rated AA/Aa2.

About OpenLink

Founded in 1992, OpenLink has emerged as a leading solution provider of energy and financial trading and risk management systems with broad market functionality. The company's global client base includes Bank for International Settlements, Bank of Canada, Credit Local de France, Deutsche Bank, Duke Energy, Dynegy Inc., Hamburgische Electricitats-Werke, Equiva Services LLC, ExxonMobil Gas, Halifax PLC, J.P. MorganChase, Manulife Financial, Nexen, PanCanadian Petroleum, RWE Trading GmbH, Shell Trading and WestLB. Headquartered in Long Island, New York, OpenLink employs more than 280 professionals worldwide and has offices in London, Houston, New York City and Berlin.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197