A Third Syrian Bank Awards Entire Project to ICS (London) Ltd., ICS Financial Systems and CCS (Jordan) Ltd.

June, 2007

(London, UK) – Syria’s newest bank, Syria Gulf Bank, has awarded complete automation project for its operations across the republic to ICS (London) Ltd. and ICSF with their affiliated world-leading technical implementation team at CCS (Jordan).

Syria Gulf Bank, a subsidiary of United Gulf Bank, the leading Bahraini banking group, contracted ICS after an international review process.

This represents the third bank in Syria to become automated by ICS which was chosen for its unmatched ability to support its clients across the region, with proven international track record in delivering world-class banking solutions (including Electronic Banking Services) to some of the leading banks in the Middle East.

Dr. Younes Brouche, Assistant General Manager – Head Of Core Investments
United Gulf Bank stated, “As Syria Gulf Bank is the second bank in our group to offer these innovative banking solutions, it is indeed a pleasure to witness this growth and to experience the cooperation and continuation of our most satisfying relationship.”

Mr. Wa’il Malkawi, VP Business Development at ICS (London) Ltd. commented, “Working with Syria Gulf Bank is a great honour and a validation of the strength of the ICS implementation approach across the region.

The BANKS solution will position Syria Gulf Bank among the leading financial service providers in Syria, and ICS will offer the same unrivalled support that has seen us conclude similar projects in record times.”

About International Computer Systems (London) Ltd.- founded in 1978 as a Systems Integrator and Turn-Key solutions provider, enjoys an unbroken record of successful banking solutions implementation throughout a quarter of a century of successful banking automation projects with over 38 banks across 3 continents.

Syria Gulf Bank isan affiliate of the regional network of companies and commercial banks owned by United Gulf Bank. Its proprietary investments include assets under management of real estates, telecommunications, private equity, structured products and quoted securities exceeding USD6.3 billion. www.ugbbah.com

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