Bank of China International Selects Orc Algorithmic Trading to Spearhead Growth

Bank of China International Selects Orc Algorithmic Trading to Spearhead Growth

For Immediate Release: Hong Kong - Wednesday August 27, 2008 - Orc Software
(SSE: ORC), the leading global provider of technology for advanced derivatives
trading and connectivity, today announced that BOC International Holding Limited
(BOCI) has selected Orc Software's Algorithmic Trading solution for expanding
its trading capabilities. The deal was booked Q2 2008.

BOCI is a wholly owned subsidiary of Bank of China Limited and has been an Orc
customer since 2004. The additional function on Orc Algorithmic tool will enable
BOCI to increase its market activities in warrants market-making and index
options trading. Deploying Orc Algorithmic Trading will also enable BOCI to
achieve its business objectives for increasing both warrant issues and the
number of instruments, without incurring additional trader costs.

Founded in 1998 in Hong Kong, BOCI has a registered capital of US$1 billion and
has subsidiaries in New York, London, Hong Kong and Singapore, and a sales
network covering most major Chinese cities such as Beijing, Shanghai, Guangzhou
and Chongqing. With a team of experienced financial professionals, a broad
institutional and retail sales network and a global management operation, BOCI
is well-positioned to offer its clients a wide range of investment banking
services, including securities underwriting, mergers & acquisitions, financial
advisory, equity securities, equity derivatives, fixed income, asset management,
private wealth management, private equity investments and leveraged & structured
finance.  

“BOCI is committed to seek out the best trading technologies to support our
rapidly expanding business,” says Alex Liu, Executive Director, Head of
Application Development and Support at BOCI. “We are very pleased to be
increasing our use of Orc's market leading solutions and benefiting from Orc
Liquidator; a product with an excellent reputation for meeting advanced trading
needs.”

“Orc Software recognizes that BOCI is looking for trading technology helping it
to drive the business.  We are pleased to be working more closely with BOCI by
applying our market knowledge, expertise and solutions,” says Dennis Chen, Sales
Director, Asia Pacific, Orc Software. 

Orc Algorithmic Trading is a multi-threaded, server-based algorithmic trading
solution capable of running thousands of complex trading strategies
simultaneously and offered with ultra low latency, native connectivity to 100+
markets.

Orc Software is next exhibiting at Hedge Funds World Asia in Hong Kong and
Derivatives World Singapore during September.

About Orc Software's revenue model
This agreement follows Orc's licensing subscription model to give customers
access to the software, new versions and support as long as the agreement is
valid. Customers are invoiced quarterly in advance and revenue allocated to the
invoicing period.

About Bank of China

Bank of China is one of China's four state-owned financial institutions. Its
businesses cover commercial banking, investment banking and insurance. Members
of the group include BOC Hong Kong; BOC International, BOCG Insurance and other
financial institutions. The Bank provides a comprehensive range of high quality
financial services to individual and corporate customers as well as financial
institutions worldwide. In terms of Tier One capital, it ranked 18th among the
world's top 1,000 banks by The Banker magazine in 2005.

BOCI is a wholly owned subsidiary of the Bank of China Limited and is one of the
largest securities brokers in Hong Kong, maintaining a top position in terms of
equity underwriting and cash equities transaction volume in Hong Kong.  Apart
from that, among all international first-class industrial players in China, BOCI
is the one which evolved into a cross border institution which offers the
largest variety of products and services along with the most extensive
geographical coverage and the most in-depth market knowledge.

About Orc Software

Orc Software (SSE: ORC) is the leading global provider of powerful solutions for
the worldwide financial industry in the critical areas of advanced derivatives
trading and low latency connectivity. Orc's competitive edge lies in its depth
of knowledge of the derivatives trading world gained by deploying advanced
solutions for sophisticated traders for over 20 years.

Orc Trading and Orc Connect provide the tools for making the best trading and
connectivity decisions… strong analytics, unmatched market access, powerful
automated trading functionality, high performance futures and options trading
capabilities, ultra-low latency, and risk management.

Orc's customers include leading investment banks, trading and market-making
firms, exchanges, brokerage houses, institutional investors and hedge funds. 

Orc provides timely sales and quality support services from its offices across
EMEA, Americas and Asia Pacific.

www.orcsoftware.com

For further information contact: 
Dennis Chen, Sales Director, APAC, Orc Software, +852.2167.1955
Annie Walsh, CMO, Orc Software, +44.7748.633.445