Recommended Acquisition of Financial Objects plc (“Financial Objects”) by Temenos UK Limited (“Temenos UK”), a wholly-owned subsidiary of Temenos AG (“Temenos”)

Temenos and Financial Objects are pleased to announce that the Scheme relating to the recommended acquisition of Financial Objects by Temenos UK became effective today.

As previously announced, the Financial Objects Shares were suspended from trading on AIM with effect from 7:00 a.m. on 9 September 2008. The Financial Objects Shares will cease to be admitted to trading on AIM with effect from 7:00 a.m. (London time) on 11 September 2008.
Holders of Scheme Shares are entitled to receive 60 pence in cash for each Scheme Share held at the Scheme Record Time.

The consideration to which any holder of Scheme Shares is entitled under the Scheme will be settled through CREST on 24 September 2008 in respect of shares held in uncertificated form, and in respect of shares held in certificated form will be despatched by post to the registered addresses of the shareholders by 24 September 2008, in accordance with the provisions of the Scheme Document dated 19 July 2008.

Capitalised terms in this announcement have the same meaning as set out in the Scheme Document.