Hong Kong – January 23, 2008 - SAP and Accenture jointly announced today that they have been appointed by Modern Terminals Limited (Modern Terminals), the longest-established container operator in Hong Kong, to implement SAP ERP solution in Modern Terminals locally in Hong Kong. The solution is expected to help enhance Modern Terminals' performance across different business units and strengthen the company foundation for future growth.

Modern Terminals' investment in this project includes both software and hardware. The SAP ERP solution in this initial roll-out, which will be implemented by Accenture, will cover financial management, human resources management, maintenance, inventory and procurement management in Modern Terminals' Hong Kong business unit. It is expected to go live by the end of 2008.

Modern Terminals expects to extend the solution to its different business units in Mainland China. It is planned to extend the solution to Modern Terminals’ 65-percent subsidiary Da Chan Bay Terminal One in 2009. This new first-class terminal facility is located in Shenzhen, serving the Pan-Pearl River Delta cargo-catchment areas. Overall, more than 1,600 users will be trained to use this solution and benefited from it.

Taking full advantage of SAP and Accenture's demonstrated working relationship, proven industry best practice in logistics and the container business, and local experience, Modern Terminals can enjoy the followings in this project:

More streamlined business process;

Higher level of data integrity and higher integration among different business functions;

Higher visibility of corporate-wide management information to support critical and strategic decision making;

A strategic scaleable system for other Modern Terminals business units

"Our company strategy is to optimize performance at the existing terminals to drive company value and strengthen the foundations for growth," said Jackson Ng, Chief Financial Officer, Modern Terminals Limited. "We are impressed by the combined expertise that SAP and Accenture have delivered: proven expertise for terminal industry; local experience; global management consulting experience and system integration proficiency. By teaming up both world-class partners, we are confident that our performance across all business units will be enhanced with increased productivity and efficiency."

As the consulting and implementation partner for this Hong Kong project, Accenture works closely with Modern Terminals and SAP, and is committed to helping Modern Terminals achieve success in this project.

"At the core, it is basically about delivering tangible business benefits. Accenture and SAP have been alliance partners for three decades and have successfully implemented over 2,000 SAP projects," said Patrick Leung, Executive Partner, Accenture. "We have deep industry knowledge and local experience in helping terminal customers, like Modern Terminals, to deliver high performance in the rapidly changing business environment and to successfully achieve the required business results."

"We are happy to partner with Modern Terminals, our first terminal customer in Hong Kong, to provide the ERP solutions that best suit their needs and achieve long term business objectives," said Ronnie Sung, Senior Vice President, Sales, SAP Hong Kong. "We will continue to work closely with Modern Terminals and Accenture for a successful deployment and maintain a mutually beneficial partnership."

Modern Terminals provides the physical gateway for the container and cargo flows that drive the development of China's economy. The terminal operator has a focused business expansion strategy in China and Hong Kong. It has built a strong presence in the Pearl River Delta as that area grows in stature, shipping volume and sophistication. It has also expanded to the growing Yangtze River Delta region and beyond to meet the growing needs of its customers.