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  PSEB SELECTS ALCHEMY FOR GITEX AND PAKISTAN SINGLE COUNTRY EXHIBITION IN MALAYSIA
15th August 2005

Karachi, Pakistan - Alchemy Technologies / Alchemy Associates today announced that it has been chosen by PSEB (Pakistan Software Export Board – http://www.pseb.org.pk ), along side 12 other companies, to demonstrate the group’s signature product, Alchemy Risk Manager, at GITEX. Alchemy Risk Manager is a Basel II compliant market, credit and operational risk management solution offering additional features such as treasury and risk adjusted return calculators, derivative pricing engine, derivative risk management module, interest rate simulation models, Value at risk estimators, portfolio benchmarking and back testing tool kits.

Jawwad Farid, Chief Executive & Actuary at Alchemy said “After completion of our recent implementation and industry award, selection for GITEX and the Single country exhibition in Malaysia is yet another validation milestone for our product and technology. It is also a first step at exploring the Middle Eastern Risk Management solutions market”.

GITEX is the largest international IT exhibition of its kind held in the Middle East that will be held in Dubai from September 25th to September 29th, at the Dubai World Trade Centre. You can visit the GITEX website at http://www.gitex.com.

Alchemy Associates / Alchemy Technologies is a fast growing boutique risk management and actuarial consulting firm with a portfolio of blue chip customers in Pakistan and Middle East.