LONDON, January 14 /PRNewswire/ --

- Strategic International Roll-Out Heralds Key Development in 
Modernisation Programme for Iraq's Financial Services Sector

Rafidain Bank, the largest bank in Iraq, has gone live with a
groundbreaking turnkey solution from Misys plc (LSE: MSY), the global
application software and services company.

Rafidain Bank's international branches, comprising operations
in Jordan, Lebanon, Egypt, Yemen, UAE and Bahrain, have gone live with the
new system. Misys' regional partner, B-Plan Information Systems, will now
commence roll-out of the system to 147 of the bank's remaining branches
across Iraq.

Rafidain Bank is Iraq's biggest bank with a 45% market share,
and in excess of 4.5 million accounts. Dating back to 1941, it is one of
Iraq's key financial institutions and has led the way in the resurgence of
the Iraqi banking sector in recent years. The contract with the Misys /
B-Plan consortium to install a core banking and communications system is a
flagship project for the re-modelled Iraqi banking sector and comes as the
country continues to normalise its financial services. In an increasingly
competitive market the implementation of the Misys solution will equip
Rafidain with essential tools for developing and expanding its market
presence and customer offering.

The solution includes the deployment of electronic clearing
systems, Misys Bankmaster and Branchpower and the supporting hardware and
communications network across the bank's Iraqi network and also in Beirut,
Cairo, Jordan, Abu-Dhabi, Manama (Bahrain) and Sana' (Yemen). The project,
which is one the largest of its kind in the world, allows Rafidain to deliver
competitive products and an excellent service to its domestic and
international customers.

Roy Froud, Misys' Regional Director for the Middle East and
Africa, comments, "The provision of a functioning and sophisticated banking
system is central to the economic development of any country. In the case of
Iraq, this service is particularly vital and we are delighted to see our
solutions going live for one of the country's leading banks and helping
support both its national and international operations. The progression of
the roll-out across the Iraqi branch network will give Iraq's banking
community a huge boost in its capabilities and its international standing."

Shirko Abid, CEO of B-Plan, adds, "The advanced solution and
the broad regional experience Misys has built up over the last two decades,
coupled with our strong position as a provider of mission-critical turnkey
solutions was crucial to the deal. To see it now come to fruition as the
network goes live is very gratifying."

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions that
deliver significant results to organisations in the financial services and
healthcare industries. We maximise value for our customers by combining our
deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: http://www.misys.com

About B-Plan Information Systems

B-Plan is a developer and integrator of software solutions. B-Plan has
over 15 years of experience developing and supplying innovative accounting
and enterprise resource planning systems to European Healthcare, Police and
Private Sectors. 65% of British Healthcare NHS trusts use B-Plan's systems to
manage their finances.

B-Plan also implements turnkey Information and Communication Technology
(ICT) projects in Iraq. We deliver real value to our Central Government and
Private Sector customers by integrating software, hardware and communications
systems with an experienced implementation approach. B-Plan employs over 120
people worldwide and has offices in the UK, Ukraine, Iraq and Jordan.

http://www.b-plan.com.

For further information please contact
    Edward Taylor
    Global Head of Public Relations
    Misys Banking
    +44(0)208-486-1661
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    Sebastian.mathews@fd.com