Pareto Partners Choose iCDO to Manage Their 2nd High Yield CDO

For Immediate Release

Contact:
Ira Keller
SVP Sales & Marketing
Lewtan Technologies, Inc®
781-672-1148
ikeller@lewtan.com
www.lewtan.com

July 22, 2002 Waltham, MA - Lewtan Technologies, Inc. ("Lewtan") today announced that Pareto Partners will manage their second Collateralized Debt Obligation (CDO), Flagstone CBO 2001-1 Ltd, using iCDO. iCDO, developed by Lewtan, is a Web-based management and administration system for CDO's designed to support multiple collateral types including High Yield Bonds, Credit Default Swaps, loans, asset-backed securities, and others.

Pareto Partners, a specialist fixed income and currency overlay manager, chose iCDO after reviewing several solutions due to its Web-based infrastructure and front office analytics. Due to its Web-based technology, iCDO automates data collection for ratings feeds, pricings, and loan characteristics reducing data input time and manual input errors. This efficiency was important to Pareto Partners and influential in their decision to use iCDO.

"After reviewing several products, we felt iCDO was the best solution for our global organization," says Janet Murphy, Senior Vice President and Portfolio Manager at Pareto Partners. "The system provides the analytics we need to accurately manage our CDO and efficiencies that installed software cannot deliver."

Developed in partnership with Deutsche Bank Corporate Trust & Agency Services, iCDO is the first and only Web-based CDO management and administration system available. It affords collateral managers the ability to monitor and manage their CDO portfolio 24 hours a day, 7 days a week using any Web-enabled computer.

About Lewtan Technologies

Founded in 1986, Lewtan Technologies is the leading provider of workflow solutions to the global asset securitization industry. Lewtan entered the nascent ABS marketplace with the first automated reporting system for issuers. Today more than 200 institutions rely on Lewtan Technologies' solutions. In 1999, working in partnership with industry leaders including S&P, Fitch, and Banc One, Lewtan launched ABSNet. ABSNet (ABSNet.net) is now the industry's leading resource for ABS intelligence and surveillance. With Deutsche Bank Corporate Trust and Agency Services, Lewtan launched iCDO in 2001. iCDO is the industry's only full-service, Web-based CDO management and administration system.

About Pareto Partners

Pareto Partners is a specialist global institutional investment management firm with over US$35 billion under management, as at 30 June 2002, and a diverse global client base with clients in 18 countries. The firm was established in 1991 and has its headquarters in London with offices located in the US, UK and Australia. As a specialist manager Pareto focuses on US Core / Core Plus, High Yield / Defensive High Yield and Global Fixed Income asset classes. Pareto is also one of the world's largest and most experienced managers of active currency overlay strategies.