AGM Statement

Mondas PLC
15 August 2002

                                   Mondas PLC

                                 AGM Statement



At the Annual General Meeting of the Company being held at 10am today, Tim
Simon, the Chairman of Mondas, will make the following statement:



Financial

The Group has made further progress in the Financial Sector division against
challenging market conditions, with a new business consultancy order received by
a major Bank wishing to implement a corporate actions solution.  Also, the
initial delivery of Mondas' new institutional Radica Corporate Actions
Processing (Radica CAPS) solution will be made at GNI Limited shortly.



Although sales cycles have perceivably lengthened, the Company continues to
identify new sales opportunities, negotiations are continuing positively and the
pipeline for Radica CAPS continues to grow.  At the same time we continue to
monitor and manage our costs.  The Board remains confident of its position in
this new area of corporate actions processing where there is wide recognition of
the opportunity to both reduce costs and to more carefully manage risk in these
unsettled market conditions.



Resource

We stated at the time of our preliminary results that we have won the biggest
single order for our Resource 32000 accounting and management software.  Having
successfully completed initial testing, we can now confirm that this contract,
which is worth £200,000, is with Blue Arrow Limited, one of the largest UK based
recruitment businesses. Mondas will provide Blue Arrow with a Sales Ledger and
Credit Control solution.



Resource 32000 is at the centre of the solutions provided to the buoyant
Education sector.  Since the beginning of this financial year, three sales have
been achieved for our newly launched Resource Human Resources & Payroll
solution.  Resource Student Management System is being developed to capitalise
upon our position within the Further Education market, the benefits of which we
anticipate will begin to be realised within the second half of this financial
year.



The Resource 32000 division continues to strengthen.  The Blue Arrow contract
will demonstrate its capability in a high volume environment, which will enhance
our campaign to target larger opportunities with this product.



                                                                  15 August 2002



ENQUIRIES

Mondas PLC                                           Tel:  [phone]
Tim Simon

College Hill                                         Tel:  [phone]
Matthew Smallwood                                    [e-mail]
Camilla Glen                                         [e-mail]






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