Luxembourg, May 31, 2012 - INTRASOFT International successfully completed the upgrade of the Core Banking System of GENIKI Bank, member of the Société Générale Group to the new version of PROFITS^® v. 7.5, as well as the change of its operating platform. The project is of great importance to INTRASOFT International, demonstrating once more the company's strong know-how in the implementation of large banking projects.

 The new version of PROFITS^® v. 7.5 was successfully powered on the new, latest generation platform ΙΒΜ Power7/ AIX/ORACLE/TUXEDO. International Consulting companies have ranked PROFITS^® v. 7.5 as one of the Core Banking Platforms of the Future, having evaluated as “impressive” its new and improved capabilities, esp. its new “rule-based” system architecture. PROFITS^® v. 7.5 Core Banking System can work on a number of new architecture and open standards operating platforms.

 This new platform adopts modern clustering, partitioning and virtualization techniques and guarantees the availability of critical applications, while offering flexibility to the Bank to respond rapidly to new market needs or emerging opportunities, with reduced operational and maintenance costs.

 With the new version PROFITS^® v. 7.5, GENIKI Bank can enhance its capability of instant response to emerging opportunities, by designing and rapidly offering new and innovative products and services to its customers, thus reducing significantly the cost and the time to market. This is achieved through the new “rule-based” system architecture that provides the Bank with the capability to define new functionalities, reporting, payments and interfacing. These rules can dynamically change, according to Bank policy without programming and changes to the source code of the system.

 In addition, INTRASOFT International provided training to the Bank's technical staff on the use of the new platform, as well as on-site support services.

 Mr. Dimitris Papadakis – CIO, GENIKI Bank stated: “These two projects are of strategic importance to us, as they relate to the Bank's operation. Our goal is to constantly upgrade the services we offer to our clients, optimize our internal procedures and reduce costs. Our long-standing cooperation with INTRASOFT International is reinforced by another successful completion of a large and important project.”

 Mr. Athanassios Kotsis – CEO, INTRASOFT International commented:  “We are confident that the operation of the new and improved PROFITS^® v. 7.5 Core Banking system on a modern and technologically advanced operating platform will strengthen the Bank even more, by improving its competitiveness as well as the quality of products and services it offers to its clients. After 17 years of successful cooperation with GENIKI Bank, we are proud to have contributed once more to the Bank's continuous efforts towards business growth, cost efficiency and technological advancement.”

###

About GENIKI Bank

Since 2004, GENIKI Bank is a member of the Société Générale Group, one of the largest and most powerful financial groups inEurope, present in 82 countries, employing 163.000 staff & servicing over 30 million customers worldwide.

 About INTRASOFT International

INTRASOFT International is a leading European company in the area of Information and Communication Technology Services, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,500 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in Belgium, Greece, Romania, Jordan, Denmark, the UK, Bulgaria, Cyprus, Moldova, the Philippinesand Saudi Arabia. More than 500 organizations in 68 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company's services and solutions to fulfil their business needs. INTRASOFT International is a subsidiary of the ASE-listed INTRACOM Holdings, one of the largest multinational technology groups in SE Europe, with more than 35 years of experience. At the end of 2011, as part of its strategy to focus primarily on international markets & further enhance its international presence, INTRASOFT International merged with its –at the time- parent company, INTRACOM IT Services, by absorbing it to become one company with a strong brand name in Europe and globally. For more information, please visit: www.intrasoft-intl.com

Information for Press only

Kalliopi Chioti, Communications & Corporate Social Responsibility Manager

INTRASOFT International

Tel. +30 210 6679076, E-mail: Kalliopi.Chioti@intrasoft-intl.com