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Prudential Portfolio Managers deploys SunGard's Asset Arena

SunGard (http://www.sungard.com) today announced that Prudential Portfolio Managers, a leading South African investment management firm, has completed its implementation of SunGard's Asset Arena Investment Accounting and Asset Arena Performance solutions to help support its growing asset management business.

Prudential Portfolio Managers manages over 100 client portfolios totalling over ZAR65 billion (9.3 billion USD) in assets under management.

A key factor in Prudential's selection of Asset Arena was SunGard's ability to deliver a robust set of portfolio administration and client reporting tools, on an integrated platform, that are able to keep pace with Prudential's successful growth.

"Our strong growth has driven the need for a more sophisticated global technology platform. SunGard's Asset Arena will help us to improve the operational efficiency and service quality that we provide to our clients," said Grant Speirs, financial director at Prudential Portfolio Managers.

"We are pleased with SunGard's management of our conversion to Asset Arena and are excited about the new technology benefits Prudential and its clients will enjoy going forward."

Arena is designed to deliver tailored solutions to asset managers and third-party administrators, based on SunGard's best-of-breed product portfolio and additional new components. Prudential Portfolio Managers is a good example of a rapidly growing asset manager faced with increasingly complex processing and reporting requirements.

"The company's selection of Asset Arena Investment Accounting and Asset Arena Performance further validates SunGard's ability to meet our customers' needs for a scalable and flexible asset-servicing solution that adapts to their ways of doing business."

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Prudential Portfolio Managers

Prudential Portfolio Managers established an investment management office in Cape Town in 1994 to offer both domestic and global asset management to South African clients. Funds under management in the South African office include institutional and retail assets invested locally on behalf of South African clients, as well as investments into the region by global investors. In addition to the core business of domestic asset management, Prudential offers South African clients the opportunity to invest in international markets, providing the benefits of diversification and Rand hedging. In 1996, Prudential expanded to Namibia, where its office in Windhoek has substantial assets under management. Prudential Portfolio Managers is 75% owned by Prudential, which is listed on the London stock exchange. Ten percent of Prudential Portfolio Managers is owned by a staff trust composed of the black employees of Prudential Portfolio Managers and 15% of the business is held by Thesele, a BEE company.

Asset Arena

Asset Arena is SunGard's global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.

SunGard

With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the US and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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