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June 05, 2006

BOARD CHANGES STRENGTHEN MANAGEMENT TEAM AT LEVEL FOUR

London, 05 June 2006 - Level Four Software, a leading provider of specialist ATM software solutions, today announced further appointments to the company’s board and a new management structure to support the company’s ambitious VC-backed expansion plans. This announcement follows on from the successful launch of BRIDGE, Level Four’s next generation ATM application software.

  • Ian Kerr, who joined Level Four as Regional Business Director in August 2005, is now appointed to the main board as Sales and Customer Services Director. He will have overall responsibility for Level Four’s three business units carrying out installation and support of Level Four products world-wide.
  • Jim Tomaney, who also joined Level Four last August, is now appointed to the main board as Product Director and will continue to take responsibility for all of Level Four’s product and technology development.
  • Martin Macmillan moves from CEO to become Marketing and Business Development Director, enabling him to focus upon developing and exploiting the enormous potential for Level Four’s current ATM testing product portfolio in conjunction with the new BRIDGE initiatives.
  • Nigel Walsh meanwhile will take over the CEO position in addition to his responsibilities as Chairman.
  • Ian Booth (Commercial Director) and Henry Sallitt (Non-Executive Director) retain their current positions on the new board. These changes will be effective from July 1st 2006.

According to Nigel Walsh, executive chairman and CEO of Level Four, "Since our injection of venture capital last July, we have achieved major milestones at Level Four Software. Through commitment and drive, Level Four has established itself as the leading provider of open standards-based ATM testing and development software, while also successfully entering the ATM application software market. As we prepare for the next stage of growth, we are confident that we have in place strong foundations on which to build our vision for a new business model, enabling banks to unlock the profit potential of the self-service channel."

About Level Four

Level Four’s integrated BRIDGE suite of open ATM software products have been developed to address the needs of ATM deployers seeking to maximise their investment in the ATM channel. BRIDGE is targeted at banks and ATM deployers who are running, or seeking to run, a modern ATM network based on the industry-wide CEN/XFS open standard. As a true holistic offering, BRIDGE recognises the needs of ATM deployers in the areas of installation, testing and monitoring as well as run-time ATM software.

Since 1995, Level Four has built an impressive global customer base of banks and payments processors including, Royal Bank of Scotland, Lloyds TSB, National Bank of Dubai, Rabobank, LINK and Standard Bank of South Africa. Headquartered in Dunfermline, Scotland, Level Four also has offices in Dubai and Charlotte NC.


For further information contact:

Martin Macmillan
Level Four Software Ltd
Tel: +44 (0) 1383 720 118

E-mail: martin@levelfour.com

Hotwire PR
Alexandra Kedward
Tel: +44 (0) 20 7608 4633
E-mail: alexandra.kedward@hotwirepr.com





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