Alliance with EDI

Mondas PLC
1 September 2000


                       Mondas PLC
                            
The  following  announcement will also  be  made  at  the
Company's Annual General Meeting today:

   Alliance agreement with Exchange Data International
                         ('EDI')

Mondas  PLC  ('Mondas') is a leading e-Business  software
house, specialising in the securities and banking markets
and Internet software.

Mondas  is  pleased to announce that  it  has  signed  an
alliance  agreement  with EDI to  provide  a  unique  new
electronic  solution,  which automates  the  process  for
handling  corporate  actions, and  associated  compliance
issues.   The  solution will be marketed jointly  and  is
aimed at the financial services sector.

In  most  Financial institutions the current process  for
handling corporate actions is predominantly paper  based,
difficult to manage, open to discrepancy, both  time  and
labour  intensive  and not part of the client  management
process.  If errors occur during the processing of client
requirements, it can be incredibly costly to rectify.

The  combined  solution  is triggered  by  an  electronic
version  of  the London Stock Exchange's Stock  Situation
Notices  covering UK Corporate Actions,  as  provided  by
EDI.    Mondas'  solution  then  takes  the  information,
manages  the  activities to determine client requirements
and  provides  immediate processing, ensuring  compliance
through  workflow controlled automation of the  processes
involved.

This  solution will be jointly marketed to  each  other's
client base including EDI's clients subscribing to  their
UK Corporate Actions Service and other EDI services.  EDI
provides securities data and associated services to major
brokerage  houses,  fund managers,  custodians  and  data
vendors.

Tim Simon, Chief Executive of Mondas PLC, commented:

'Mondas'   and   EDI's   products   and   services    are
complementary,   so  this  agreement  will   provide   an
excellent opportunity to add value to each other's client
base.  We also see it as an ideal base from which we  can
jointly  market  other services in the  future  including
International Corporate Actions and real-time price feeds
within other Mondas' financial sector solutions'.

Jonathan Bloch, Managing Director of EDI added:

' We are very pleased to work with Mondas on providing
this innovative solution and hope that the relationship
will extend to other activities.'

Enquiries:

Mondas PLC         Tel: [phone]
Tim Simon

EDI                Tel: [phone]
Jonathan Bloch

College Hill       Tel: [phone]
Matthew Smallwood  E-mail:[e-mail]
Chelsea Allen      E-mail:[e-mail]