Reval’s Board of Directors Grows with Appointment of Legendary Derivatives Guru, Dr. Steven W. Kohlhagen

New York, February 21, 2008 – Reval, a global leader in financial risk management solutions and services, today announced that legendary derivatives expert, Dr. Steven W. Kohlhagen has joined its Board of Directors. Dr. Kohlhagen has been involved in the derivatives markets for over 30 years as an academic, a practitioner and a Board member. He is well known in the markets as the co-creator of the widely-used Garman Kohlhagen pricing model, the formula for estimating the value of a European call option on foreign exchange. Kohlhagen was also honored as an inaugural member of Risk Magazine’s first "Derivatives Hall of Fame" in 2002.

"Dr. Kohlhagen’s expertise in derivatives modeling, risk management and capital markets is hard to find and we are fortunate to have him join Reval’s Board," said Jiro Okochi, Reval’s CEO and Co-founder. "We look forward to working closely with Dr. Kohlhagen as we continue to expand our derivatives coverage across asset classes," continued Okochi.

Kohlhagen’s illustrious career in the field of derivatives began in academia as a professor at University of California, Berkeley and in 1975 he was awarded "Teacher of the Year" by Berkeley’s School of Business Administration. As a practitioner, he built sales teams and derivatives businesses at Lehman Brothers, Bankers Trust and First Union/Wachovia, as well as other leading financial institutions. At Bankers Trust, he was founder of the Market Transaction Group (Derivatives Options Products) and Managing Director, Money Market Sales and Trading, Origination and Distribution. His impressive career at First Union, began as co-founder of all derivative products business and later Managing Director for the Fixed Income Division. Additionally, Kohlhagen’s contributions to the world of finance have been widely published in a number of economics and business publications and journals.

Dr. Kohlhagen commented on his Reval Board appointment, "I’m honored to be a part of Reval’s Board and look forward to providing insight into their growing risk management solution set. Their blue-chip client roster, including firms like General Motors, Deloitte, Qantas, Lloyds Bank and Commerzbank is a testament to Reval’s must-have solution by Global 2000 corporates and financial institutions."

In addition to Reval’s Board, Kohlhagen sits on the Board of Directors of Ametek, Inc. a leading global manufacturer of electronic instruments and electromechanical devices and he is an independent director of the IQ Mutual Funds, a family of Merrill Lynch registered, closed-end investment companies.

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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