Comada Partners with Custom House to Deliver Online Transaction Tracking Platform for Hedge Fund Investors

New Platform to Strip out Paper-Based Processes in Hedge Fund Investment Experience

SOMERSET, Bermuda, May 25, 2010 - Transaction technology developer Comada today announced that it has
partnered with hedge fund administrator Custom House to launch a new platform
for fund managers and their investors. Launched this week, the platform
allows investors in hedge funds administered by Custom House to invest, track
and receive investment and redemption confirmations electronically. Most
importantly, it achieves this via browser-based architecture that precludes
the need to download software to a desktop computer, seamlessly integrating
with, and extending in-house legacy technology.

"The hedge fund industry has needed an application like this for some
time now," said Rupert Vaughan Williams, Co-Founder of Comada. "We are
delighted to be working with Custom House who are committed to best of breed
technology. This platform significantly raises the bar for hedge fund
investing. Users of this technology can now rely on robust infrastructure
that electronically processes and reconciles transactions from a single
reference point. It is specifically designed to minimise the operational
risks of the day to day management of portfolios of alternative investments."

Comada specialises in designing and delivering transaction-based
solutions for the managed assets industry, particularly hedge funds. Its core
management team has been working together in the industry for almost two
decades. It provides both bespoke and off-the-shelf solutions for hedge fund
managers and their clients. Comada partnered with Custom House to deliver an
advanced platform that would further integrate investors into the investment
cycle and help reduce operational risk.

Dermot Butler, Chairman of hedge fund administrator Custom House
commented: "We wanted to deliver a service to our customers which they could
rely on. It is now possible for both managers and investors to track the
progress of investments and redemptions electronically, real time, 24 hours a
day. Thanks to our partnership with Comada, we believe we are the first hedge
fund administrator to be able to offer this particular kind of service."

Custom House is responsible for the administration of more than $40
billion in hedge fund assets globally, across a range of different investment
strategies. It has established its credentials as being a first mover and
innovator in the arena of hedge fund administration.

Editor's notes:

About Comada

Comada was established by seasoned funds industry professionals in 2004
to create bespoke and off-the-shelf technology applications for fund services
providers and managers. Its M.A.T.ware core engine has been used to power
M.A.T. Share, the STP solution for fund services companies and funds of funds
managers. Its solutions are focused on improving operational risk by
delivering greater transparency and comprehensive liquidity analysis. Its
browser-based products are easily delivered over Intranet, Extranet or
Internet, to the desk tops of custody and fund administration operations
linking them directly to their hedge fund clients.

About Custom House

Custom House Global Fund Services Ltd., the Maltese-based holding company
for the Custom House Group, is a member of the Equity Trust group of
companies. The company is a Category 4 Licensed Custodian of funds-of-funds
and recognised as a full service hedge fund administrator by the Malta
Financial Services Authority ("MFSA").

The primary business of Custom House is the provision of full
administrative services to alternative investment and hedge funds, including
private equity and real estate funds, as well as managed accounts.
Established in 1989, Custom House operates a network of global offices, and
has approximately 290 staff worldwide. With around US$40 billion in assets
under administration, the firm provides administration services to more than
200 managers, trading through more than 600 investment funds. Custom House
provides daily dealing NAVs for over a third of these.

For further information contact: Stuart Fieldhouse, sf at comada.com, mobile: +44-7793-882230