Union Planters selects London Bridge Group's 
Debt Manager Collection and Recovery Software 

Atlanta, GA - 5th February, 2002 - Dave Aldridge, Chief Technology Officer of Union Planters Corporation, announced that the company has selected the London Bridge Group's default management system, Debt Manager, as a key element of its consumer loan servicing operations:

"We look forward to this new partnership with London Bridge and are optimistic that this new system will significantly improve our loan collection and recovery processes," said Aldridge.

Union Planters is one of the 40 largest bank holding companies with $33 billion in total assets, providing banking, mortgage, investment and insurance services to over two million individuals and businesses. Based in Memphis, Tennessee, Union Planters has 786 banking offices located in 12 midwestern and southeastern states.

Union Planters required a system that could operate across multiple product sets, pull together information from multiple legacy systems across the organization into one database and provide access at the collections and recovery centers, as well as its banking offices.

"The potential operating savings available from the automation of all debt processes makes Debt Manager one of the easiest software investment decisions to justify. Debt Manager not only enables organizations to derive substantial cost savings through automation, but its ability to identify, prioritize and treat risk at the customer level brings optimum ROI through effective management and reduction in losses," explained Dale Williams, President for Credit Management and Vectus Division, London Bridge Group. 

About Debt Manager 

Debt Manager enables organizations to implement a seamless, integrated arrears management solution that covers all stages of the collections and recoveries life cycle including; delinquency and charge-offs, repossession and foreclosure, internal recovery, legal recovery or external placement. 

Unique to Debt Manager is its ability to deploy sophisticated and scalable strategies and work flow processes at both customer centric and product centric levels, securing significant return on investment, a cost effective and time sensitive implementation, and improved management of risk. 

About London Bridge Software Holdings plc

London Bridge Group has over 1,000 customers worldwide and provides a comprehensive and unique portfolio of software and eCommerce solutions including Customer and Enterprise Management Software, Intelligent Banking Software, Credit Management Software and Mortgage Lending software. 

London Bridge Group employs over 750 people worldwide and is headquartered in London in the UK and Atlanta, Georgia in the US. London Bridge Group also has offices in Alisa Viejo, Orlando, New York, Denver in the US, Stratford-upon-Avon in the UK, New Zealand, Australia, South Africa and Singapore. Founded in 1987, London Bridge Group has continued to grow and expand, producing profits beyond expectation. In 2000, London Bridge Group earned $82 million in revenue, of which, over 60% originated in the US.

For further information visit http://www.london-bridge.com/