FOR IMMEDIATE RELEASE

London, 1 July 2003 - Syncopation Software Limited today signed an agreement with 
PricewaterhouseCoopers for exclusive rights to the DPL product.

"DPL has been a valuable yet under-utilised asset," said Chris Dalton, Co-founder and CEO of 
Syncopation Software. "Given the current regulatory climate, it didn't make sense for PwC to 
continue to develop DPL. This deal is good for all involved: PwC, Syncopation and the DPL 
user community."

Tony Manzella, Co-founder and COO of Syncopation said, "This deal provides us with a platform 
to build the DPL business. It allows PwC to focus on professional services while providing it 
access to world-class software. For DPL users, it ensures continued support and new releases 
on a timely basis."

Users of DPL can expect to see a new release of the software in 2004. "We will continue to 
maintain our lead in processing power while broadening the analytical capabilities of DPL 
and making ease-of-use enhancements." said Mr Manzella.

Syncopation intends to capitalise on the twenty plus years of hands-on consulting experience 
its founders have with using DPL to provide valuation and strategic investment advice to 
Fortune 500 / FTSE 100 clients.

Syncopation will be based in London, England.

Syncopation Software Limited is a developer and publisher of business analytic software. 
Syncopation's core product, DPL, is the definitive tool for decision tree analysis, and is
used by leading companies in a broad range of industries. Syncopation was founded in 2003 
in a spinoff of the DPL software business from PricewaterhouseCoopers.