Dexia BIL Implements NetEconomys ERASE Software to Combat Money Laundering for its Private and Retail Banking Operations in collaboration with LogicaCMG

NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry, and LogicaCMG, a leading global solutions company, today announced that Dexia Banque Internationale à Luxembourg (Dexia BIL), a branch of the Dexia Group (Belgium/France), has implemented NetEconomys ERASE software for identifying suspicious transactions and deterring money laundering in just three months. The system is operational for Dexia BILs private and retail banking operations and will soon be expanded to multiple divisions across Europe.

LUXEMBOURG/THE HAGUE, Jan. 28, 2003 -- NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry, and LogicaCMG, a leading global solutions company, today announced that Dexia Banque Internationale à Luxembourg (Dexia BIL), a branch of the Dexia Group (Belgium/France), has implemented NetEconomys ERASE software for identifying suspicious transactions and deterring money laundering in just three months. The system is operational for Dexia BILs private and retail banking operations and will soon be expanded to multiple divisions across Europe.

We chose NetEconomys ERASE because it provides the framework, intelligence, and processing power necessary to manage the volume and level of complexity inherent in our private and retail banking operations," said Frank Veyder, Head of Compliance at Dexia BIL. Dexia takes money laundering prevention very seriously. In looking for an anti-money laundering solution, we wanted to provide our risk personnel with a sophisticated solution that could detect and prioritize suspicious activities so that our staff could concentrate their efforts on the greatest risks and quickly eliminate them. ERASE was the only technology that fit our criteria."

ERASE uses advanced statistical analysis and sophisticated database technology to continuously profile all aspects of an electronic business. It goes beyond traditional systems by building electronic fingerprints" based upon all transaction streams and other critical customer data that other risk management systems ignore. This integrated approach provides a comprehensive, accurate view of a financial institutions electronic business. Because unusual or suspicious activity is detected immediately, risk management personnel can focus on truly high-risk behavior that indicates money laundering or fraud.

"We are proud to add Dexia to our growing list of worldwide customers and applaud their efforts to protect their institution from money laundering activities," said NetEconomy Sales Director for Europe, Middle East and Africa, Duco de Lange. ERASE is designed to expand as a financial institutions business grows and changes. By basing their anti-money laundering solution on ERASEs integrated database technology, Dexia will be able to quickly add new risk and fraud prevention applications across their operations for a truly enterprise-wide solution."

About Dexia BIL
Created by Europe's first cross-border merger of three banks in 1996, Dexia S.A. now ranks as one of the few banking groups whose domestic base goes beyond the borders of a single country. Dexia group is listed on the Euronext markets in Brussels, Paris, and Luxembourg and is the nineteenth largest banking group in Europe, as well as the tenth largest in the euro zone. Dexia BIL is the specialized entity of the Dexia group for asset management, private banking and fund administration. In the field of services to private clients, Dexia BIL is one of the major banks in Luxembourg in terms of volume of customers deposits. More information can be found at www.dexia-bil.com.

About NetEconomy
Founded in 1993, NetEconomy is the leader in real-time enterprise risk monitoring solutions for financial services and telecom businesses. With large international banks and telecommunications businesses worldwide as customers, NetEconomy has a proven track record of translating real-world problems into practical software solutions. Learn more about NetEconomy and its anti-money laundering solutions at www.neteconomy.com.

About LogicaCMG
LogicaCMG is a leading global solutions company providing management and IT consultancy, systems integration, products, services and support. LogicaCMG's clients operate across diverse markets including energy and utilities, telecoms, financial services, industry, distribution and transport, and the public sector. The company has over 20,000 staff in 34 countries worldwide. Founded in 1969, Logica is listed on the London and Amsterdam Stock Exchange and is the second largest IT services company in Europe. More information can be found at www.logicacmg.com.

Note for the editor:

Frank Veyder, Head of Compliance, Dexia BIL, frank.veyder@dexia-bil.com
(+352) 4590 2957
Claudine Dieles, Marketing, Manager, NetEconomy, cdieles@neteconomy.com
+31 (0)70 452 5440
Jean Diederich, Business Development Manager, LogicaCMG, Jean.Diederich@logicacmg.com
(+352) 4852 221