-- Enterprise Software Company Is Eighth Exit for Leading
Venture Buyout Team's $210 Million Fund --

NEW YORK, TORONTO and Palo Alto, MARCH 14, 2005 - Investcorp today announced that its Technology Investment Group has completed the sale of ObjectStar International Inc., an enterprise software company, to TIBCO Software Inc. (Nasdaq: TIBX) for $23.4 million in cash. 

Savio Tung, a Managing Director of Investcorp and head of the firm's Technology Investment Group (TIG), said, "In addition to finding an ideal home for ObjectStar in TIBCO Software, this was a very successful exit for the investors of our Investcorp Technology Ventures L.P. Fund. The exit - the eighth since the Fund's launch in 2001 -- generated proceeds of approximately $19.5 million on a total investment of $10.5 million." Investcorp initially acquired ObjectStar from Fujitsu Limited in March 2003. 

Toronto-based ObjectStar offers a software platform that integrates legacy systems with current enterprise applications. More than 85 major international enterprises, including Citigroup, American Express, and Marks & Spencer, use ObjectStar products to run their high volume, mission-critical applications. Based in Palo Alto, California, TIBCO Software Inc. is the leading independent business integration software company in the world.

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