Bravura Solutions releases Garradin Version 9.0

11 June 2008 Bravura Solutions releases Garradin Version 9.0

Sydney, 11 June 2008 (ASX: BVA) – Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – today announced it has released Garradin Portfolio Administration Version 9.0, representing a significant advancement in terms of functionality and efficiency for its existing client base.

Garradin is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions. The system was acquired as part of Bravura Solutions’ 2007 acquisition of Garradin Pty Ltd.

Darren Stevens, Bravura’s Global Head of Product said: “Bravura is pleased to announce the release of Garradin V9.0. This release is part of an ongoing six monthly development cycle that will allow Garradin users to gain access to a variety of functional enhancements and technical improvements.”

Some of the key functional enhancements in Garradin V9.0 include additions to ensure regulatory compliance, extension of the Corporate Actions module to include setup and efficient en-masse processing of complex corporate actions, as well as enhancements for Managed Account providers that enable greater processing efficiency in an omnibus arrangement.

Garradin V9.0 also delivers administration, valuation and tax treatment of additional assets such as Stapled Securities and Installment Warrants, as well as greater flexibility of dividend / distribution component definition and processing.

“A number of technical improvements have also been delivered as part of this release,” added Stevens.

“Garradin now features a large suite of interfaces, significantly improving the platform’s ‘outof- the-box’ integration capabilities. In addition, Garradin now supports Microsoft’s SQL Server 2000 and 2005, offering clients the choice of three industry standard database repositories; MS SQL Server, Oracle and Progress.

“We are proud to be a leading provider of Portfolio Administration functionality in Australia. Version 9.0 reaffirms our commitment to continuing to develop and evolve the Garradin offering, and to providing Garradin clients with ongoing high quality service and support,” Stevens said.

Bravura will continue to further invest in developing its product offerings. The company’s R&D spend for FY07 was A$9.8 million. This figure is expected to increase for the current and future financial years as the company continues to focus on building and implementing high quality products for financial services organisations.

The next release of Garradin, Version 9.1, is scheduled for quarter four 2008.