KAS BANK and Addition Group in Addition Knowledge House

Press release 18 April 2008

With effect from April 2008, KAS BANK N.V. and Addition Group participate each with a 50% interest in the new ICT organisation Addition Knowledge House B.V. (AKH). The new organisation will provide specialists in the area of (system) development in a .NET, Java and Adabas/Natural environment. Due to the scarcity in Adabas specialists, AKH expects a high demand in Europe particularly in this area. AKH is preferred supplier of Software AG, supplier of Adabas/Natural systems.


Nico Blom, Chief Operational Officer (COO) Managing Board of KAS BANK N.V.
"With the establishment of Addition Knowledge House we will realise the possibility of using 'on demand' (system) development capacity, both for KAS BANK and other parties. The specialists of AKH are directly employable for integral project guidance, functional specifications and system building. In addition, they also provide support and follow-up services to organisations during the transfer from their mainframe environment to a server-oriented environment. For KAS BANK, the establishment of AKH involves increased flexibility for the hiring of development capacity for our IT systems. Besides, AKH also provides new possibilities to deploy our specialist IT knowledge and expertise in securities services for other financial parties within Europe."

Henri Ho-Meau-Long, Managing Director Addition Group
"Addition Group has been active from its branch in the city centre of Amsterdam for some considerable time. Our specialists are active in the entire Benelux. Thorough knowledge of the financial sector and the European securities industry is what distinguishes Addition Group from other ICT providers. As resource allocation centre, we provide ICT professionals who understand the client?s primary business processes and who are capable of translating them into applicable solutions. These activities are characterised by a pragmatic, customer-driven approach and the aim for efficiency based on an appropriate investment level."

Profile KAS BANK N.V.
KAS BANK is a European specialist in wholesale securities services. As an independent bank, we connect professional financial institutions both within Europe and across the globe. We focus on providing added-value services to national and international organisations active in the pensions and securities industries. We view the market from the perspective of our clients – tailor-made services and complete transparency are paramount in helping them to meet their business objectives.

Profile Addition Group
Addition Group B.V. provides services to organisations in the area of finances, IT, accountancy and interim management. The different services and solutions of Addition Group are executed and implemented by professionals and always supported by a thorough knowledge of the different markets.

Addition Knowledge House B.V.
Herengracht 142
1015 BW Amsterdam
+31 20 788 4230

www.addkh.com.