Bank of Cyprus Accelerates Expansion Into New Geographies by Consolidating IT Systems Onto a Common Misys Platform

Misys is Central to the "1bank" Policy at Bank of Cyprus

LONDON, November 30 - Misysplc (LSE: MSY), the global application software and
services company, today announces that Bank of Cyprus, the leading Cypriot
banking and financial services group, selected Misys Equation for its
enterprise-wide core banking system.

Bank of Cyprus is consolidating all information technology
systems under a common IT platform with the goal of decreasing the cost of
maintenance and operational support of its IT infrastructure. The solution
from Misys will be at the core of this "1bank" concept, enabling the bank to
consolidate its core banking systems into one, reducing costs and improving
efficiencies. It will also allow the bank to expand more rapidly into new
territories in the future. Central to the choice for the bank was Misys
Equation's ability to increase control of the systems in place, while
reducing the overall cost of maintenance and support of the infrastructure.

Bank of Cyprus has a stated strategy to maintain its leading
position in all sectors and continue to expand its business outside Greece,
Cyprus, Australia and the UK, developing its international business in
Russia, Ukraine and Romania. Misys Equation's proven track record around the
globe and particularly in those countries which are target markets for the
bank's future expansion was crucial in the agreement.

"One of our strategic priorities is to consolidate our
presence in our main markets and widen our global footprint, specifically in
Russia, Ukraine and Romania," states Leonidas Isodiou, General Manager, Group
Information Technology and Organisation & Methods, Bank of Cyprus. "Misys has
clear expertise in helping international banks like us to manage their growth
and maintain the high level of service our customers expect. We see Misys as
a strategic partner and are excited by the business plans the company has
shared with us and the strategy and future roadmap of BankFusion Equation."

Misys Equation has the flexibility to support the bank's goal
of quick deployment into new markets with an already proven standard "1bank"
model. Another key influence on the decision to put the bank's trust in the
expertise and solution from Misys was Equation's Relational database,
published data model and Application Programming Interfaces that allows easy
integration with peripheral applications. Also, the parameter-driven design
of Equation empowers Bank of Cyprus to be self sufficient in launching new
products and services to market quickly.

It was critical that Bank of Cyprus was confident that Misys
Equation's future functionality and the direction of its technology roadmap
were in line with the needs of the bank, as Dermot Briody, Regional Director
Europe, Misys states: "We made sure that the team at Bank of Cyprus were
fully up to speed with the benefits that the next version of the solution,
BankFusion Equation, will bring them. They recognised the value in the
direction we are taking the solution and how it will improve their operations
still further as we augment the solution in future versions of BankFusion
Equation."

About Bank of Cyprus

Founded in 1899, the Bank of Cyprus Group is the leading Cypriot banking
and financial services group. In addition to retail and commercial banking,
the Group's activities include finance, factoring, investment banking,
brokerage, fund management, life and general insurance. The Group currently
operates through a total of 570 branches, of which 223 operate in Russia, 152
in Greece, 143 in Cyprus, 29 in Ukraine, 5 in the United Kingdom, 10 in
Australia, 7 in Romania, and 1 in the Channel Islands. Bank of Cyprus also
has representative offices in Russia, Canada and South Africa. The Bank of
Cyprus Group employs 11.962 staff worldwide.

At 30 September 2008, the Group's Total Assets reached EUR34,03 bn and
the Shareholders' Funds were EUR2,13 bn. The Bank of Cyprus shares are listed
on the Cyprus and Athens Stock Exchanges. Additional information can be found
at the Group's website www.bankofcyprus.com

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: www.misys.com

    For further information please contact
    Edward Taylor
    Global Head of Public Relations
    Misys Solutions for Banking
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking, +44(0)20-3320-5530, edward.taylor at misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com