Press Release

MINNEAPOLIS – Feb. 16, 2007 – Wolters Kluwer Financial Services today announced its acquisition of Desert Document Services, Inc., a Tempe, Ariz.-based provider of automated document preparation solutions. Desert Document Services is primarily focused on serving the wholesale and correspondent mortgage lending market. It has a proven track record of using technology to streamline processes to help lenders roll out and retract loan products quickly and cost-effectively. Its SMART Tools^SM are the core of an industry-leading technology solution that includes dynamic content management and tools to develop, edit, organize and manage investor forms libraries.

“The acquisition of Desert Document Services helps drive strategic growth for Wolters Kluwer Financial Services,” said Brian Longe, president and chief executive officer of Wolters Kluwer Financial Services. “Desert Document Services’ solutions complement our current offerings in the mortgage industry and give our organization more scale and capabilities in the increasingly important wholesale lending market. Their solutions are also capable of interfacing with most loan origination systems in the marketplace—something our mortgage clients and alliance partners require.”

Wolters Kluwer Financial Services plans to combine Desert Document Services’ back-end SMART Tools technology applications with the company’s VMP X4 front end document preparation platform. The SMART Tools solution supports complex electronic forms, reusable business rules and workflow processes. Combining the Desert Document Services solution with Wolters Kluwer Financial Services’ existing capabilities will create the mortgage industry’s most complete automated wholesale and correspondent lending solution.

Wolters Kluwer Financial Services previously acquired its X4 document preparation platform through the company’s acquisition of Entyre in October 2005, and since then, top-tier lenders have continued to validate the strength of its ability to extend lender business rules to third-party originators.

A growing number of lenders are trying to reduce the fixed costs associated with a direct sales force by relying more heavily upon wholesale channels, which allow them to achieve more variable sales costs.

“The increased emphasis on wholesale channels requires that lenders have tight control over their correspondent channels to ensure that third-party relationships have convenient access to accurate and compliant content that meets the lender’s requirements,” said Jay Levine, chief technology officer and president of the wholesale mortgage line of business for Wolters Kluwer Financial Services. “This is where a more robust and seamless delivery system like what Wolters Kluwer Financial Services is constructing can come into play to tie lenders, their correspondent channels and their customers together.”

Wolters Kluwer Financial Services plans to make its new Tempe location a center of excellence for wholesale mortgage operations in addition to its existing retail mortgage center of excellence built around the company’s VMP Mortgage Solutions product line in Troy, Mich.

Desert Document Services Chief Executive Officer, Ruth Thompson, and Joe LaBonty, Desert Document Services’ chief operating officer, will join Wolters Kluwer Financial Services as senior principal and director of operations for the combined wholesale mortgage line of business, respectively.

“Desert Document Services is renowned in the industry for the strength and depth of its back-end compliant content management applications, as well as its quick and effective on-boarding process,” said Thompson. “We’re excited to join Wolters Kluwer Financial Services and use our collective knowledge, experience and market-leading solutions to build the mortgage industry’s premier wholesale lending solution.”

Terms of the purchase agreement were not released.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.