Beijing, August 26, 2003
KAL today announced that Oki Electric Industry Co., Ltd. of Japan has selected KAL's software for its brand new ATM model, the ATM21S, which will be manufactured and distributed in the Chinese market. The new Oki ATM is powered by KAL's Kalignite Software Suite - the world's leading independent ATM software which makes the new ATM fully XFS-compliant and web-enabled. The initial target market for the new ATM is China and it will soon be made available in other geographies too.

This announcement follows the agreement between KAL and Oki in May of this year under which Oki adopted KAL's Kalignite software suite. The result of this relationship between two world-class ATM companies is the high specification hardware from Oki running KAL's advanced ATM software suite, marking Oki's entry into the world ATM market. Oki today is Japan's number one ATM manufacturer, holding a 40% share of the installed base in the highly-demanding Japanese market.

Rapid growth of ATM usage in China as well as in Asia in general has led to a major upturn in ATM deployments as part of both network expansion and unit replacement strategies. "As a top vendor of ATMs in Japan, it was essential for us to work with KAL, which globally provides high quality open standard software for ATMs," said Minoru Yamamoto, General Manager of the ATM Software Development Dept. in the Financial Solutions Company at Oki Electric. "The partnership with KAL enabled us to undertake open-standards-based application development while reducing the application development period. With this world-class ATM21S powered by Kalignite, Oki can continue to provide the most advanced ATMs meeting the needs of various markets."

"Oki's choice of Kalignite to create its ATM solution demonstrates Oki's commitment to Open Standards" said Aravinda Korala, CEO of KAL "We are seeing a rapid swing by banks towards open-standards and best-of-breed solutions. We are very excited about our software being integrated with ATM hardware from a company that is renowned for its commitment to the quality and robustness of its hardware. In the ATM business the availability and uptime of hardware and software is of paramount importance to our banking customers"

Oki's ATM21S will be initially available with two application options - Kalignite NDC and the Kalignite Custom-Protocols Application both of which are fully integrated with the new ATM and fully customisable to suit multiple host and network infrastructures and transport protocols including TCP/IP, X25 and SNA. Both applications run on v3.1 of the Kalignite Software Platform which fully supports the latest version of the XFS standard - version 3, making OKI one of the first ATM manufacturers in the world to go into production with XFS 3.

About Oki Electric
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki Electric provides top-quality products, technologies and solutions to its customers through its telecommunications systems, information systems and electronic devices segments. All three segments are integrated into one effective organization that functions as a collective force to create exciting new products and technologies, including information and telecom converged solutions. Through its business activities, Oki Electric satisfies a spectrum of customer needs in various markets. For further information, visit www.oki.com.

About KAL
KAL is the world-leading provider of open software for Automated Teller Machines (ATMs) and self-service systems. KAL's flagship product suite is Kalignite. Kalignite enables the creation of web-enabled, hardware independent self-service and branch-banking applications built upon open standards such as XFS. It is a world-class development platform upon which complete solutions can be readily developed for ATMs (Automated Teller Machines), kiosks and all other types of self-service systems as well as branch-banking applications. KAL software solutions provide unparalleled functionality, maximum flexibility, mission critical robustness, and security.

For more information on KAL, please contact Alan Mockridge in Japan on 03-5777-6833 or Matthew Wood in the UK at +44 131 659 4900. Alternatively, e-mail us at info@kal.com or visit our website: www.kal.com.