Woolworths Group Selects Reval to Value Complex Options

New York, August 4, 2006 – Reval, a provider of financial risk management technology solutions and services, announced today that Woolworths Group Finance Limited ("Woolworths") has selected Reval’s service bureau called Reval Center™  to provide independent derivative valuations for its option based FX derivative products.

Reval Center provides independent valuations and hedge accounting (IAS 39/FAS 133) on an outsourced basis for companies.

Woolworths hedges a small proportion of its foreign exchange exposures using option based products and requested Reval Center’s service.

"We are very happy to have another European Client" noted Peter Reynolds, Sales Director for Reval in London. "The big audit firms are asking clients to seek independent valuations of their derivatives rather than rely on bank provided valuations. We are happy to work with Woolworths and look forward to further opportunities with them."

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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