RNS Number : 3585Z
  Temenos Group AG
  18 July 2008
   

    FOR IMMEDIATE RELEASE
    18 July 2008
    Temenos Group AG ("Temenos")
    Rule 8.4 Announcement

    On 3 July 2008, the boards of Temenos and Financial Objects plc ("Financial Objects") announced that they had reached agreement on the
terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Financial Objects to be made by
Temenos UK Limited, a wholly-owned subsidiary of Temenos (the "Announcement"). 
    Terms defined in the Announcement shall have the same meanings in this announcement.
    Temenos discloses, in accordance with Rule 8.4 of the City Code on Takeovers and Mergers, that 75,000 Financial Objects Shares were
transferred yesterday to Peter Youngs, the Finance Director of Financial Objects, from his wife and that such Financial Objects Shares are
subject to an irrevocable undertaking from Peter Youngs to vote in favour of the resolutions to approve the Scheme at the Court Meeting and
the Extraordinary General Meeting in respect of his entire holding of Financial Objects Shares.
    Peter Youngs has also undertaken that if, following the Announcement, the Acquisition is implemented by means of a takeover offer
instead of by way of the Scheme, he will accept such offer in respect of his Financial Objects Shares. The undertaking will lapse if, inter
alia, the Scheme Document is not despatched to Financial Objects Shareholders on or before 4 August 2008, or, if Temenos subsequently elects
to proceed by way of a takeover offer, the offer document is not despatched on or before the date which is 28 days after the date of the
press announcement announcing the change in structure of the Acquisition, or if the Scheme is not implemented by 31 October 2008.
    Accordingly, the directors who have given irrevocable undertakings are as follows:

                        Number of Financial Objects  % of issued share capital
                                             Shares

 Paul Fullagar                            6,900,000                     15.5% 
 Karim Peermohamed                          152,000                      0.3% 
 Martin Hayman                               43,944                      0.1% 
 David Carruthers                           140,000                      0.3% 
 Peter Youngs                                75,000                       0.2%


 Total                                    7,310,944                      16.4%


    In aggregate, Temenos has therefore received irrevocable undertakings (including undertakings from institutional investors) to vote in
favour of the resolutions to approve the Scheme at the Court Meeting and the Extraordinary General Meeting, in respect of 20,816,016
Financial Objects Shares, representing approximately 46.8% per cent. of Financial Objects' existing issued share capital.
    Enquiries:
    Temenos                              Tel: +44 (0)20 7290 3000
    Max Chuard
    Ben Robinson]

    END









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