Raiffeisen Centrobank selects Orc to provide DMA solution for Romanian market

Raiffeisen Centrobank selects Orc to provide DMA solution for Romanian market

Stockholm, SWEDEN, Monday September 29, 2008 - Orc Software (SSE: ORC), the
leading global provider of technology for advanced derivatives trading and
connectivity solutions, today announced that Raiffeisen Centrobank AG has
selected Orc for providing a Direct Market Access (DMA) solution for electronic
trading on the Bucharest Stock Exchange (Bursa de Valori Bucureşti). The order
was booked in Q3, 2008.

Raiffeisen Centrobank AG, a leading issuing bank in Austria with regional focus
on Austria, Germany, and Central- and Eastern Europe, is an established Orc
customer, having used Orc solutions in its securities trading and sales
operations for several years. Raiffeisen Centrobank bank is now expanding its
presence in Romania. For that purpose, the bank has obtained membership with the
Bucharest Stock Exchange, which allows for offering DMA services to its clients.

Part of the Orc Connect connectivity solution, the new Orc DMA for Brokerage
implementation for the Bucharest Stock Exchange has been co-developed with E2E
infotech, a subsidiary of India-based Aurion Pro, an Orc business partner which
provides additional integration products and related professional services to
customers globally.

“As we already use Orc's trading solutions in our daily operations and have a
solid trust in their capabilities, Orc was our first choice for technology
supplier when preparing to grow our business in Eastern Europe,” said Günter
Völker, Director IT & Organisation, Raiffeisen Centrobank. “We were pleased to
find that Orc delivers just the kind of connectivity solutions we require to
build a highly competitive DMA offering to cover several key markets in this
region.”

Orc Connect is the global financial industry's leading connectivity solution.
Orc Connect provides traders and brokers with fast, reliable access to liquidity
pools, both for market members and non-members, in the critical areas of
execution, market data and reference data.

“Orc has an unrivalled connectivity offering for reaching into the emerging
markets of Eastern Europe,” said Anders Henriksson, President Benelux, Central
and Eastern Europe, Orc Software. “Raiffeisen Centrobank is a visionary and
innovative force on the financial markets in this region, and we are pleased to
enjoy their continued trust when providing the solutions and services needed for
their expansion in Romania.”

The Bucharest Stock Exchange is the latest addition to Orc's growing list of
broker and market connections to this region, which currently includes leading
markets in the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland,
Russia, with extensions planned for a number of exchanges in the Adriatic
region.

About Orc Software's revenue model
Standard agreements follow Orc's licensing subscription model, a flexible
approach designed to streamline the customer onboarding process and provide ease
of access to software updates, together with a mature support framework.
Customers are invoiced quarterly, in advance, and revenue allocated to the
invoicing period.

About Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for
the worldwide financial industry in the critical areas of advanced derivatives
trading and low latency connectivity. Orc's competitive edge lies in its depth
of knowledge of the derivatives trading world gained by deploying advanced
solutions for sophisticated traders for over 20 years.

Orc Trading and Orc Connect provide the tools for making the best trading and
connectivity decisions… strong analytics, unmatched market access, powerful
automated trading functionality, high performance futures and options trading
capabilities, ultra-low latency, and risk management.

Orc's customers include leading investment banks, trading and market-making
firms, exchanges, brokerage houses, institutional investors and hedge funds. 

Orc provides timely sales and quality support services from its offices across
EMEA, Americas and Asia Pacific. 
www.orcsoftware.com

For further information:
Anders Henriksson, President Benelux, Central and Eastern Europe, Tel. +43 676
721 51 16 
Christine Blinke, Investor Relations and Marketing Director, Tel. + 46 739 01 02
01