Ebix Adds Hodges to Board

August 2, 2004

Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, announced that Paul Hodges has agreed to join the company’s Board of Directors.

Hodges is Ebix’s third recent appointment to the Board, joining Kenneth Merin and Hans Ueli Keller (Huk), and fourth in the past two months. Hodges’s appointment brings the number of Board members to eight, including seven “independent” directors.

Hodges has been an investment banker at Collins Stewart in London, where he specialized in underwriting issues and raising capital for the insurance, financial services and water-related sectors. Since 2000, he and his colleagues have helped companies raise approximately $3.0 billion.

From 1981 through 1996, including six years in which he was the top-ranked analyst in the insurance sector, Hodges was employed as a sell-side equity analyst at several prominent investment banking and brokerage firms, including HSBC James Capital and Kleinwort Benson.

In 1997, he left the investment research field to become a founding member of Schroder Securities, which was subsequently acquired by Salomon Brothers. At Schroder, Hodges was involved in a number of important insurance archaeology projects, including one involving a major U.S. tobacco manufacturer testing the availability of insurance coverage for health-related liabilities.

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