Directorate Change

RNS Number:6747S
AFA Systems PLC
01 December 2003



Monday, 1 December 2003


                                AFA Systems plc
                                        
                                  Board Changes
                                        

AFA Systems plc, the AIM listed global provider of advanced software solutions
for the Banking and Asset Management industries, today announces two board
changes.

The Board is pleased to appoint, Mervyn Farrant, 58, as a non-executive
director. Mr Farrant has been in IT for his entire career, spanning some 30
years, and has worked with a wide range of IT companies. Since 1992, having sold
his own consulting and development company, he has worked with a number of
venture capital organisations helping them with their investments in IT
companies and serving on a number of their boards, including Strategic Asset
Management Solutions Limited (SAMS), where he was Chairman.

At the same time, the Board announces that John Padovan, 65, is retiring from
the Board with effect from the end of this year, having served with great impact
for the last two and a half years. On behalf of the Group, we would like to
express our thanks to John for his contribution during that time.

Mike Hart, Chairman and Chief Executive of AFA Systems plc, said:

""I am delighted to welcome Mervyn to AFA. He brings with him considerable IT
and Board experience and contacts, and will provide additional strength and
depth to the AFA team as we continue to implement our strategy."


For further information please contact:

AFA Systems plc 020 7337 7250                                    020 7337 7250
Mike Hart, Chairman & Chief Executive                      www.afa-systems.com
Henry Sallitt, Finance Director

Weber Shandwick Square Mile                                      020 7067 0700
Reg Hoare/Sara Musgrave

Disclosures:

Mervyn Farrant does not hold, and has not held in the past five years, any
directorships in publicly quoted companies.

There is no information to be disclosed pursuant to the requirements of Schedule
2 paragraph f of the AIM Rules.

Notes to Editors:

AFA Systems develops, implements and supports a broad range of integrated
financial software solutions that enable banks, institutional investors and
financial intermediaries to manage, trade, invest and monitor their financial
assets competitively and reduce costs. To date, more than 100 financial
institutions in over 20 countries around the world have invested in AFA's
systems.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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