OpenLink

OpenLink Announces Third Quarter Results

MITCHELL FIELD, NY, December 16, 2002 — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today released earnings for the third quarter of 2002. For the three months ended September 30, 2002, OpenLink reported quarterly revenues of $16.1 million, an increase of 16% over revenue of $13.9 million for the same period in 2001. License fees and software maintenance accounted for 67% of this quarter's total, and pre-tax profits rose to $3.8 million, up from $2.4 million.

Total revenue for the first nine months of 2002 was $48.9 million, a 39% increase over the previous year's figure, while year-to-date pre-tax profits of $12.2 million were recorded.

"The softness we have recently faced within our traditional product lines has presented us with the opportunity to shift resources and explore previously untapped markets," said Coleman Fung, OpenLink's founder and CEO. "Recent strategic staff appointments, ongoing research, and core development initiatives will allow us to capitalize on what will be a different trading and risk management software landscape by the end of 2003."

"OpenLink's growth has continued its upward track despite the IT spending constrictions that we have witnessed within the global markets we serve," added Kevin Hesselbirg, COO/CFO. "While we have remained focused on client deliverables, we have set plans in motion that will position OpenLink to take advantage of rebounding market segments when and where they occur."

About OpenLink

Founded in 1992, OpenLink is a leading provider of trading, risk management and operations software solutions. The company's Adaptive, Dynamic and Integration-enabling (ADI) Framework-based solutions support the most rigorous risk management requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, Deutsche Bank, Duke Energy, EnCana, Equiva Services, Mobil UK, Mirant, Nexen, Shell Trading, Vattenfall Europe Trading, and Zurich Capital Markets. Headquartered in New York, OpenLink employs more than 280 professionals worldwide with 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