Phoenix Technology Group today announced three senior appointments to the Phoenix Board of Management - Naoise O Muiri, Brenda Reilly and Niall Clarke.

Dublin February 2003...

O Muiri to lead Operations

Naoise O Muiri has worked as a Project Manager with Phoenix Technology Group for over four years. As Operations Director, he now has responsibility for customer support, quality engineering and operations projects within Phoenix. Naoise previously worked as a management consultant with Accenture, working on financial markets projects in both Dublin and London. He is an engineering graduate of University College Galway and a member of the Institute of Engineers of Ireland.

Reilly to lead Project management for Phoenix

Brenda Reilly has been working in Phoenix since its inception in 1997, Reilly acted as Project Manager responsible for main customer accounts such as AXA, Lloyds TSB, Prudential and most recently Gerling NCM. In her new role as Projects Director Reilly will be responsible for project steering and commercial arrangements. Reilly has been working in the IT industry for ten years and previously worked for Resolution Technology Dublin, ITB (Information Technology for Banks) and ELF Oil in London.

Clarke as head of strategy

Niall Clarke joined Phoenix Technology Group's senior management team in 1997 with over 15 years experience in project management in financial services. In his new role as Chief Technical Officer, he is now focusing on the future strategic direction for Phoenix. In previous Project Management roles, Mr. Clarke has worked for companies such as National Australian Group and Point Information Systems.

About Phoenix Technology Group

With offices in Dublin and London, Phoenix was founded in 1997. Phoenix delivers enterprise content management and e-process solutions to the financial services sector. Phoenix empowers organisations to manage complex service processes and high-volume transaction relationships with customers, brokers and suppliers regardless of the source media (paper, e-mail, e-form, voice). Customers include AXA Sun Life, CGNU, Royal Sun Alliance, and Scottish Widows/Lloyds TSB.

For further information please contact:

Brenda Reilly

PHOENIX TECHNOLOGY GROUP.

Phoenix House 32/34 Castle Street

Dublin 2

Ireland

Tel: +353 1 6707722

Fax: +353 1 6707721

E-mail Brenda.Reilly@phoenix.ie

Web www.phoenix.ie