Reval Announces Release of HedgeRx Version 4.0

New York, March 8, 2004 – Reval, a provider of financial risk management technology solutions and services, today announced the release of Version 4.0 of its flagship product, HedgeRx. HedgeRx is a Web-hosted application that delivers comprehensive front-to-back office capabilities for managing interest rate, foreign exchange, and commodity hedging portfolios, enabling organizations to comply with complex derivative accounting regulations, such as FAS 133 and IAS 39.

HedgeRx Version 4.0 includes the addition of exchange-traded and over-the-counter futures and options to Reval’s existing agricultural commodities coverage. HedgeRx now supports agricultural futures, forwards, ET and OTC options for a variety of soft commodities including wheat, corn, soybeans, soybean meal, and soybean oil. Historical data is also available for all CBOT and KCBT futures and options contracts.

Since Reval’s HedgeRx is delivered as a Reval-hosted service, Reval has made significant additional hardware upgrades to its professionally co-located production and testing environments. These upgrades, made to accommodate the needs of Reval’s growing global customer base, have resulted in performance improvements of as much as 70% in calculation speed and further ensure 24/7 business continuity for HedgeRx users.

Jiro Okochi, Reval’s President and CEO, said, "Version 4.0 of our HedgeRx product represents another exciting turning point for Reval. Our vision, from day one, was to have multiple asset classes on one fully integrated system. The addition of soft commodities to our existing IR, Fx, Metals and Energy modules brings Reval one step further towards the completion of this vision and one stride further away from our competition."

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

For more information, visit www.reval.com or email info@reval.com.

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