OpenLink

Sequent Energy Management Licenses OpenLink's Endur and gMotion

Straight-through-processing Support Provided for Natural Gas Transaction, Risk, and Scheduling Functions

HOUSTON, TX, March 11, 2004 /Business Wire/ — OpenLink, a leading provider of energy and financial trading, risk management, and operations software solutions, today announced that Sequent Energy Management ("Sequent") has chosen Endur and gMotion to support their natural gas transactions, including deal capture, market and credit risk management, settlement functions, and scheduling activities.

Sequent, the Houston-based marketing affiliate of AGL Resources, Inc., was searching for a straight-through-processing software environment to "manage our natural gas pipeline transactions and storage capacity requirements more efficiently," said Robert M. Flavin, Executive Vice President at Sequent. "We conducted a detailed review process for a technology partner, which resulted in the selection of OpenLink, an established vendor with a solid reputation and a proven solution. After previewing Endur and gMotion, we recognized the solution's ability to help us streamline our processes across front-, middle-, and back-office functions."

OpenLink's gMotion, an Endur module that covers the logistics processes of natural gas transactions, was released in the second quarter of 2003. It has received an enthusiastic welcome in the energy industry as it fills the long-standing absence of a truly end-to-end natural gas transaction management solution for physical market participants.

"Signing Sequent as a client further highlights the acceptance of our Endur/gMotion combination within the natural gas production, trading, and storage/transportation markets," said Matthew Frye, managing director of OpenLink's Houston division. "This win is another endorsement of our position that OpenLink offers a level of stability, cost savings, and security that competing vendors cannot."

OpenLink is the first vendor in its industry to offer an innovative, risk-oriented, straight-through-processing (STP) architecture that covers all trade lifecycle and logistics processes, eliminates inefficiencies, and provides the system foundation needed to adapt to future market changes.

"Our complete transaction processing environment with a comprehensive scheduling functionality is becoming a new end-to-end benchmark solution for North America's energy market participants," said Coleman Fung, OpenLink's founder and CEO. "We are pleased to welcome Sequent to our growing family of logistics clients."

About Sequent Energy Management

Sequent Energy Management, a wholly owned subsidiary of AGL Resources Inc. (NYSE: ATG), is a Houston-based entity focusing on asset management and the wholesale trading, marketing, gathering, and transporting of natural gas. Sequent is rapidly positioning itself as a dominant niche player in the eastern half of the United States natural gas market. For more information, visit www.sequentenergy.com.

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 business 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 Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Deutsche Bank, Edison International, Enbridge, Mirant, Nexen, Shell, and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, São Paulo, and Tokyo, OpenLink employs more than 270 professionals worldwide.

Editorial Contact:

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