Demica and DBA Announce Strategic Alliance to Bring Enhanced Supply Chain Finance Solutions to Latin American Market.

London, UK - 06 January 2009 Demica Ltd, the London-based working capital management specialist, has formed an exclusive strategic alliance with DBA Corporate Finance S.A to combine their respective expertise in supply chain financing (SCF) and offer a new generation of collaborative financing solutions to banks and corporates in Latin America. With supplier financing already a well-established and growing market in Latin America due to the increasing globalisation of trading relationships, DBA will use Demica’s market-proven Citadel SCF technology platform to bring enhanced efficiency and sophistication to current SCF programmes in the region.

Demica's web-based platform, Citadel SCF streamlines the execution of a supply chain finance solution through the complete automation of the financing process, bringing cash-flow benefits to both buyers and suppliers, and a simple, automated transaction management solution to financiers.

Citadel currently processes over €10.5 billion of invoice-based transactions for major corporates and institutions in Europe, the US and Asia-Pacific. DBA will introduce Citadel-based SCF solutions to new and existing customers in the Mercosur countries (Argentina, Uruguay, Brazil and Paraguay) where it already has a wide client base of large corporate and financial institutions.

Phillip Kerle, Managing Director, Demica, comments, “We have worked hard over the last few years to build up Demica’s international client base and our new alliance with DBA Corporate Finance extends our global reach into the vast, important Latin American market. There is substantial opportunity for Citadel as a robust, proven technology platform to add value to the SCF services in the region. Although the market is familiar with supplier financing models, the reality is that there is much scope for improving the speed and efficiency of invoice processing – which opens up more opportunity to provide financing. Ultimately, this is to the great benefit of supply chain relationships in the region.”

Rudy Lion, Head of Structured Finance, DBA Corporate Finance S.A., adds, “While direct access to financing remains a great challenge for many suppliers in South America, too often existing supplier finance solutions are costly and do not allow for a prompt payment. Bringing more efficiency and just in time payment to suppliers, supply chain finance will substantially improve the financial efficiency of the supply chain to the benefit of all its participants in various industries. Looking for the most suitable partner to develop supply chain finance in the region, it was of utmost importance for us to identify a flexible technology provider with a robust and client friendly supply chain finance platform. We initially approached Demica because of the excellent market reputation of Citadel and the Demica team. We view our areas of expertise, technical skills and client base as highly complementary to those of Demica – and we are both well established in our respective markets as a trusted partner.

For further press information please contact:

Cathy May or Paul Lindsell, Mayflower Public Relations, + 44 (0) 20 7087 8050
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About DBA Corporate Finance

DBA Corporate Finance offers strategy and financial advisory services to companies based in the Mercosur (Argentina, Brazil, Paraguay and Uruguay) and abroad.

DBA Corporate Finance regularly participates as a facilitator in key private sector transactions in various industries and has helped many foreign institutions to make fruitful businesses in the region.

Over the years, the firm has developed a strong network of large regional companies and financial institutions, international credit institutions, private equity funds and development banks, with which it maintains close strategic relationships.

For further information on DBA Corporate Finance please visit their website: www.dbacorporatefinance.com.

About Demica

Demica is a market leading provider of specialised working capital solutions providing consulting, advisory and technology services to a diverse range of multi-national clients. Demica works with the world's leading investment banks, private equity sponsors and global corporations to implement innovative solutions to their securitisation and supply chain finance requirements.

Demica’s technology is used around the globe running in excess of €10.5 billion of invoice-based transactions on its Citadel® platform. Demica is a wholly owned subsidiary of the J.M. Huber Corporation, one of the largest privately held companies in the United States. Demica has offices in London and Tokyo.