Finnish bank selects Orc to support launch of DMA services

Newly established Sofia Bank introduces DMA services for Nordic cash and derivatives markets using the Orc Trading platform and connectivity options.

Stockholm, SWEDEN, Tuesday June 23, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Sofia Bank, an independent bank providing retail banking, asset management, brokerage and corporate finance services based in Helsinki, Finland, has chosen Orc as its key trading technology supplier. The deployment of Orc’s trading solutions is part of a major effort by Sofia Bank to offer DMA services to their sophisticated clients. The solution, entirely based on Orc’s technology, will allow their clients to electronically trade cash and derivatives on the Nordic Exchanges and Eurex. The order was booked in Q4, 2008. “We were looking to use state of the art trading technology that provides competitive advantage in order to support our business vision,” said Eero Saloranta, Head of Markets and member of Executive Management, Sofia Bank. “Following a careful evaluation of available solutions, we decided to go with Orc as our premier technology supplier for trading and market access. Their solution combines superior performance with proven reliability and ease of use, and many of our staff has positive experiences from using Orc.” Sofia Bank is a brand new Finnish bank that was established in 2008 and became operational in early 2009. It is a trading member of NASDAQ OMX Helsinki and Stockholm, First North and the NASDAQ OMX and Eurex derivatives exchanges. Sofia Bank is privately owned by a Finnish banker, Seppo Sairanen. Sofia Bank offers retail banking, asset management, brokerage and corporate finance services to institutions and private individuals. “Sofia Bank is an ambitious challenger that will provide their clients with optimal trading capabilities, and we are delighted that Orc was selected to support their technology requirements, as well as their business goals” said Peter O Bäck, VP Sales Nordic, Eastern Europe, Russia & Austria, Orc Software. “This is a significant order for Orc, as it indicates a solid demand and growth for our solutions in the Nordic region. Sofia Bank’s choice also underscores that the Orc platform is a vital resource for staying ahead in fiercely competitive market segments.” Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded derivatives. 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. About Orc Software’s revenue model Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding 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 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 with 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 banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific. www.orcsoftware.com About Sofia Bank Plc Finnish Sofia Bank, founded in 2008, was granted a banking licence on 17 December of that year and began operating in January 2009. The owner and Chairman of the Board is Seppo Sairanen, with Taina Ahvenjärvi acting as Managing Director. Board members are Seppo Sairanen, Tapio Hakakari, Keith Harris, Anders Moberg, Suvi-Anne Siimes, Ilkka Seppälä and Pelle Törnberg. www.sofia.fi For further information: Eero Saloranta, Head of Markets, Sofia Bank, Tel. +358 10 241 51 00 / +358 50 16 29 Peter O Bäck, VP Sales Nordic, Eastern Europe, Austria & Russia, Orc Software, Tel. +46 8 506 478 40 / +46 739 010 207 Christine Blinke, Investor Relations and Marketing Director, Orc Software, Tel. + 46 739 01 02 01

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