BURLINGTON, MA, September 25, 2001—Cognos (Nasdaq: COGN: TSE: CSN), the leading provider of business intelligence solutions today announced that it has formed a strategic relationship with Deloitte & Touche, one of North America's leading professional services firms. Deloitte & Touche will exclusively sell and offer consulting services for Cognos Finance in the Canadian market.

Cognos Finance is the industry's most complete solution for budgeting, forecasting, consolidation, and reporting. It provides a complete framework for business professionals to understand and monitor the financial performance of their organization. It offers a single environment for completing financial processes in a timely manner monthly and quarterly closes, the budget process including distributing and gathering budget information with budget suppliers, and integrating the latest data with user-supplied forecasts. Cognos Finance customers can also share that information over a secure Web-based environment.

"Deloitte & Touche continually strives to offer our clients faster and more efficient ways of navigating today's competitive terrain. We believe that corporate reporting and executive information are essential in these times of rapid change." said Tom Dagenais, National Partner, Deloitte & Touche. "Cognos Finance allows organizations to strip away the complexities of their financial processes, and give them a view of their business metrics much more quickly and effectively than is possible with standard reporting software."

"Cognos enabling technology and Deloitte & Touche's thought leadership is helping our mutual Canadian customers harness corporate data, and more specifically, financial data, to help them see what's driving their business, so that they can make faster, more informed business decisions," said Donald Labs, Cognos Vice President, Enterprise Business Partners.

ABOUT DELOITTE & TOUCHE
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for four consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 92,000 people in over 130 countries.

Deloitte & Touche serves financial services globally through its Global Financial Services Industry practice, GFSI's industry specialists represent every major financial centre in the world and bring decades of experience and leadership in banking, securities, insurance and investment management to each client assignment. Since 1985, Deloitte & Touche professionals have added insight, consistency and value to more than 9,000 securitized offerings with an aggregate principal amount of more than $2 trillion. Deloitte & Touche securitization professionals' effectiveness is derived from experience, coupled with research, study and devotion to the intricate business of securitization. For more information, visit Deloitte & Touche's web site at http://www.us.deloitte.com. To receive the firm's securitization newsletter, Speaking of Securitization, send an e-mail message to securitization@deloitte.com.