May 4th, 2005

FIS Software, the global life and pensions software company, has won a multi-million contract to supply Prevoir Vietnam, the Vietnamese subsidiary of leading French life insurance group Prevoir, with FIS’ end-to-end administration solution, ALIS.

Prevoir was recently awarded a contract by the Vietnamese post office to distribute insurance products across the country on an exclusive basis. Prevoir decided that its best course would be to implement FIS’ ALIS, as it is a comprehensive software system that is capable of administering all insurance products, from the initial quote through to policy redemption.

The first stage of the project, which is scheduled to go live in April 2006, will connect up to 100 post office branches online. Once this first stage is complete, stage two will increase this connection to a total of 350 branches.

FIS sees this project win an important milestone as it provides the company with its first Asian customer and visibility in a marketplace which is set to grow exponentially over the next 10 years. FIS hopes this footprint in Asia will enable expansion into the Chinese financial services market, which – according to a recent report by Mercer Oliver Wyman – will be equal to Italy’s by 2010 and larger than Germany’s by 2020.

CEO of FIS Software, Shay Alon said: “Flying our flag in the Asia region is of huge significance to FIS as it further demonstrates the truly global reach of ALIS. It also opens up a host of new opportunities in an exciting new growth territory. FIS looks forward to playing such a critical role in supporting Prevoir and helping to make their latest venture into the Vietnamese market a successful one.”

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FIS Software (a Formula Group Company, NASDAQ: FORTY and TASE: FORT) is dedicated to developing and delivering global packaged-based solutions that enable life and pensions companies to run their businesses more efficiently, and respond to territorial legislation and regulations. The company’s solutions are based on ALIS, a single modular software package, which manages the entire policy lifecycle of all life insurance, pensions and investment products, globally.

Founded in 1984, FIS employs over 360 insurance and IT experts across offices in the UK, France, Spain, Greece, Israel, South Africa and Australia. Its clients include AXA, Unum Provident, Swiss Life, Scottish Equitable, Bright Grey, AMP, NPI, Ethiniki, Clal and Eliahu, among others. The company also has a number of strategic partnerships with leading systems integrators and consulting firms such as IBM and TCS.

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Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies and other risk factors detailed in the Company's filings.

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