PRESS RELEASEMid-year results. BSB turnover increases 26%

Louvain-la-Neuve, 30 September 2011, 17.30 hrs – Regulated Information.

BSB, the Belgian supplier of IT solutions for the insurance and finance industries, experienced continued growth during the first 6 months of 2011. The group increased its turnover by 26% to reach EUR 18.1 million and maintained a good operating profit (EUR 841,000).

Revenue from the software editing business increased by 58% (compared to 50% in 2010) and revenue from tailor-made services or third-party software remained stable, despite completion of a major project in France.

On 30 June 2011, the software business generated 63% of the company’s income (compared to 50% in June 2010), which reflects BSB’s expressed intent to increase its share in this sector. The market is buoyant and the company boasts a well-filled order book. Based on available information, BSB’s management is confident the company will continue to grow in the second half of the year, with reasonable profitability.

BSB won over four major customers in the first half of 2011: two for its Solife life insurance management solution and two for its Soliam asset management solution. These customers are in France, Cyprus and Monaco.

During the first 6 months of 2011, the workforce has grown considerably and reached 403 employees at the end of June. A further 50 employees will be recruited before year-end. These resources will strengthen the research & development centres, the sales teams and the IT integration teams and support BSB’s objective of becoming one of the top 5 software publishers for financial and insurance investment management.

The first half also saw the arrival of a Group Sales Director and strengthening of the sales teams in Germany, UK, Russia, the Netherlands and the creation of subsidiaries in Switzerland and Luxembourg. The new Luxembourg subsidiary, called Solfia, will offer a turnkey version of BSB’s Solife solution on a shared SaaS platform (Software as a Service model).

On the product front, BSB is enhancing the Soliam and Solife solutions to process much greater volumes of contracts and operations.

Six-Monthly Financial Report

Please refer to the ‘Investors’ section of the www.bsb.com website for the full Six-Monthly Financial Report as per 30 June 2011.

For further information, please contact Euan Sellar, Head of Corporate & Marketing Communication

Tel.: +32 (0)10 48 34 80; Euan.Sellar@bsb.com

BSB

BSB is a provider of business solutions and IT services for insurers, private bankers, portfolio managers, wealth managers, holding companies, independent financial advisors and investment funds. It has more than 100 customers in 16 European countries.

BSB’s solutions create efficiency by increasing automation, standardising processes, lowering costs and shortening time to market. They are simple to use and integrate easily into complex IT environments.

BSB’s flagship products are Solife for life insurance administration and Soliam for institutional asset management and private client wealth management. A subsidiary, Solfia, offers an off-the-shelf SaaS portfolio aggregation service based on Soliam.

BSB exists since 1995, employs more than 400 people and has its headquarters in Belgium. It has offices in

Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Russia, Switzerland and the United Kingdom. BSB is quoted on Euronext’s Alternext: symbol ‘BSB’

www.bsb.com