Qatar National Bank Chooses Paisley Enterprise GRC™ for Governance, Risk and Compliance

Minneapolis, Minn. — May 28, 2008 — Paisley, the leading provider of governance, risk and compliance (GRC) solutions, today announced that Qatar National Bank (QNB) has chosen Paisley Enterprise GRC™ to manage its governance, risk and compliance initiatives. QNB is the first bank in the region to implement this software for management and delivery of audit across the QNB Group.

QNB, located in Doha, Qatar, is the largest bank in the country and one of the leading financial institutions in the region. QNB operates from a platform of 41 domestic conventional branches and offices, along with 11 branches and offices for QNB Al Islami. In addition, QNB international network includes 8 branches and representative offices. QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB was also the first conventional bank in Qatar to offer Islamic banking products and services through QNB Al Islami and the first Qatari bank to launch equity funds for companies listed in the Doha Securities Market.

"Paisley Enterprise GRC is a comprehensive solution that includes everything we need to automate and manage our audit processes," said Mr. Assaad Kanaan, Group Chief Audit Executive at QNB. "We are confident that Paisley Enterprise GRC will be instrumental in increasing the efficiency of our audit governance initiatives across the organization. We also believe that it has the potential to help us optimize other GRC processes in the future, such as risk management and financial controls management."

"Paisley's GRC software solutions continue to be recognized around the world as robust and comprehensive solutions," said Mr. Tim Welu, CEO, Paisley. "We are encouraged by strong demand from leading organizations like Qatar National Bank and look forward to partnering with them to meet their internal audit, risk management and financial controls management needs in a holistic way."

As the industry's leading governance, risk and compliance solution with built-in audit management functionality, Paisley Enterprise GRC includes purpose-built components for the full spectrum of governance, risk, and compliance requirements. The software includes components for financial controls management, operational risk management (ORM), enterprise risk management (ERM), audit management, IT governance and compliance.

About Paisley
Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley's solutions enable organizations to streamline governance, risk and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

For more information, call 320.286.5870, email info@paisley.com or visit www.paisley.com.