Result of EGM

For immediate release

                                                               27 February 2007

                                  Mondas Plc                                   

                          ("Mondas" or the "Company")                          

                                 Result of EGM                                 

In announcements on 18 January 2007 and 2 February 2007, the Company informed
shareholders that Mondas has been transformed during the past few years both by
organic growth and the acquisitions of Eclipse Learner Systems Limited and Blue
Curve Limited, resulting in a number of board changes and significant
restructuring of the trading operations of the Company. In addition, the
Company's expanded product range has enabled Mondas to make significant
international sales to growing markets within the financial services sector.

This growth has seen the Company's turnover increase from £3.97 million for the
year ended 30 April 2004 to approximately £6.3 million (unaudited) for the year
ended 31 December 2006. The above developments have altered the business
considerably and the board of directors believed that to recognise these
changes and to reposition the Company for the next phase of its development the
name of the Company should be changed.

Accordingly, the directors are pleased to announce that at the Extraordinary
General Meeting held earlier today, the resolution to approve the change of
name of the Company from Mondas to Corero plc (Ticker: CORO) was duly passed.

ENQUIRIES:

Mondas plc                                                                   
                                                                             
Jarlath McGee/Ian Selby                                     Tel:[phone]
                                                                             
John East & Partners Limited                                                 
                                                                             
Simon Clements                                             Tel: [phone]
                                                                             
College Hill                                                                 
                                                                             
Matthew Smallwood/Jamie Ramsay                             Tel: [phone]