London, 27 March 2003 - On the back of its successful MBO, Rolfe & Nolan will delist from the London Stock Exchange shortly. Organisational changes have also been implemented, with the aim of enhancing efficiency, improving global co-ordination and capitalising on Rolfe & Nolan`s global presence.

Bob Freeman, Chief Executive, commented that: `The MBO is a vital part of the overall process of building on Rolfe & Nolan`s strengths and further improving our position in the global market, without the costs and distractions of maintaining our public company status. The current reorganisation emphasises our determination to enhance our market-leading position. It also underlines our commitment to the service of our customers and the sound stewardship of our business, which are the vital foundations of continued commercial success.`

Specific details of the new executive structure are as follows:

Global Oversight This will rest with a new Global Executive Board, comprising Bob Freeman, Paul Miller, Colin Wade, Phil Reed, Stephen Lacey, Bob Sylverne and Jim Birney

Europe
Paul Miller becomes European Chief Operating Officer, with Operations, Software, Client Services, Business Analysis and Project Management reporting to him. Colin Wade becomes European Sales Director. Phil Reed has been appointed Chief Technology Officer, with particular emphasis on the delivery of Merlin, Rolfe & Nolan`s modular `next generation` processing solution. Stephen Lacey joins as Finance Director.

North America
No change in management structure. Bob Sylverne continues as CEO, Rolfe & Nolan Systems Inc. Jim Birney will continue to report to him as North American Sales Director, as well as assuming global responsibility for Marketing.

Asia Pacific
Gary Jones has been appointed as Managing Director, Asia Pacific, with responsibility for all sales, support and operational functions across Rolfe & Nolan`s businesses based in Sydney, Singapore and Hong Kong.