NMI Group Selects Tagetik to Improve Group-Wide Reporting and Management Information

Tagetik 3.0 to Simplify Statutory and Management Reporting Processes

PRETORIA, South Africa, February 15, 2011 - Tagetik, a global provider of enterprise software solutions for
Performance Management, Governance, Risk & Compliance and Business
Intelligence, today announced that NMI Group (nmigroup.co.za/), the
Southern African supplier of staple food and animal feed, has selected
Tagetik 3.0 to simplify statutory and management reporting processes and
provide timely and accurate management information.

"Our consumer needs, environmental conditions and economic situation are
constantly changing and we need reliable, timely and insightful information
to manage our business efficiently and help us keep pace with these changes.
Our existing management information system does not cater adequately for
these needs. Following a thorough evaluation of suppliers, we selected
Tagetik 3.0 to ensure that we are able to meet all of our statutory and
management reporting requirements," comments Andre Vermeulen, CFO at NMI
Group.

Tagetik 3.0 will ensure that NMI is able to reduce the time it takes to
compile annual and quarterly consolidated reports substantially and will
enable the company to start producing interim reports - something it doesn't
currently manage efficiently due to the complexity around the reporting
processes. Tagetik will also ensure that NMI Group is able to deal
efficiently with complex multi-currency requirements and regional
interpretations of accounting standards.

Ernest Pachonick, Finance Manager at NMI explains, "It's currently time
consuming to collect and process data for NMI Group requirements, so we're
excited by the prospect of enabling the regions to manage and run their own
reporting, and the ability for the Group to produce consolidated reports
based on one set of standardised reporting.

"This is an exciting new customer for us," adds Manuel Vellutini, Chief
Operating Officer (COO) at Tagetik. "And, of course, another example of our
ability to grow as a global player in the Corporate Performance Management
market. Our international network of qualified experts provides an unyielding
commitment to value and customer satisfaction and ensures that global
organisations are supported with timely, customized and, above all,
successful implementations."

About NMI Group

The NMI Group is the holding entity that actively manages a portfolio of
investments comprising a number of operating companies mainly active in the
following sectors: wheat and maize milling, animal feed, pasta, biscuits,
sugar, rice and poultry.

Today the Group is a major supplier of staple food and animal feed in the
southern African region and employs nearly 3 000 people in South Africa,
Namibia, Botswana, Swaziland and Mozambique. State of the art facilities and
a highly skilled workforce ensure that a wide range of healthy, quality
branded products that meet the requirements of our customers are produced.
Our reputation is important to us and a non-negotiable commitment to
continuous quality improvement and superior service has ensured that our
products remain trusted category leaders.

To learn more: nmigroup.co.za/

About Tagetik

Tagetik delivers a unified software solution for Performance Management,
Enterprise Governance, Risk & Compliance, and Disclosure Management with
specialized Business Intelligence tools to optimize Collaboration and
Communication.

Tagetik 3.0 creates value by simplifying complex business processes for
CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and
management consolidation, cost allocation, profitability analysis, financial
close and fast closing, dashboard, scorecarding, collaborative disclosure
management and compliance/industry requirements. Tagetik 3.0 is the solution
to translate strategy into operations, manage and control overall performance
down to business transactions, and improve decision-making across the whole
organization while achieving faster ROI and lower total cost of ownership
(TCO). Tagetik's vision to extend Performance Management and Business
Intelligence to collaborative decision-making inspired us to develop Tagetik
3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to
Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with
Microsoft. Its market experts are totally committed to the success of 400
customers worldwide, including some of the largest Fortune 1000 companies
representing all industry sectors, as well as to build strong relationships
with system integrators, technology leaders and local consulting specialists.

Tagetik is a Microsoft Gold Certified Partner.

To learn more: www.tagetik.com

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti
    +39-0583-96811
    press@tagetik.com

    UK Press Contact:
    Jacqui Freeman
    +44(0)20-8297-5388
    jacquif@jdmarketing.co.uk

    US Press Contact:
    Alessandra Gamba
    +1-203-391-7520
    alessandragamba@tagetik.com

Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press at tagetik.com; UK Press Contact: Jacqui Freeman, +44(0)20-8297-5388, jacquif at jdmarketing.co.uk; US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba at tagetik.com