Stagecoach Group plc Selects Reval for its Independent Derivative Valuation Expertise

New York, April 24, 2008 – Reval, a global leader in financial risk management solutions and services, is pleased to announce that Stagecoach Group plc has selected Reval’s derivative pricing service, Reval Center™ for independent interest rate and commodities valuations. Reval Center is an independent valuation service combining market data and analytics which offers fast, accurate and reliable valuations for structured products on an outsourced basis.

Reval Center will perform Stagecoach’s valuations using Reval’s market leading valuation tool, HedgeRx ®. The service will be used to price a number of products including interest rate swaps, fuel swaps, fuel collars, fuel caps and fuel floors. Under the current market environment, more companies and auditors are placing a larger focus on derivative valuations and putting an emphasis on the need for independent valuations. Reval has seen an increase in business due to these regulatory requirements.

A spokesperson for Stagecoach said "Given the importance of ensuring accurate and independent valuations of our derivative contracts, we are pleased to have selected Reval to perform this work for us."

"We are very pleased to be working with a company as innovative as Stagecoach and we look forward to supporting them for the foreseeable future," said Jiro Okochi, CEO & Co-founder of Reval.

"Most people know Reval for our expertise in hedge accounting. However, we wouldn’t be able to do that without accurate and independent derivative valuations," continued Okochi.

About Stagecoach Group plc

Stagecoach Group is a leading international public transport group, with extensive operations in the UK, United States and Canada. The company employs around 30,000 people and operates bus, coach, rail, and tram services.

For further details, visit www.stagecoachgroup.com.

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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