London, March 30^th, 2004 - Hauck & Aufhäuser Banquiers Luxembourg S.A. is the Luxembourg arm of the Hauck & Aufhäuser Privatbankiers KGaA , which also has offices in Munich, Frankfurt and Zurich. To meet its expanding futures and options processing needs, especially for future hedge funds projects, the bank has taken a comprehensive processing solution from Rolfe & Nolan, which features an ASP delivered core processing solution, plus task automation and reconciliation features.

Bob Freeman, Rolfe & Nolan Chief Executive commented: “ASP delivery offers flexibility and comprehensive functionality, in a versatile delivery style suitable to the customer’s business needs. Like banks everywhere, Hauck & Aufhäuser wants to continue to deliver to their customers an efficient, versatile, first class service. We are delighted to welcome Hauck & Aufhäuser’s Luxembourg arm to our client list. We look forward to a productive and long-term relationship with them.”