Contract Win

Mondas PLC
12 October 2004


Mondas PLC

BREWIN DOLPHIN PLACES ORDER FOR A MAJOR UPGRADE OF IT'S MONDAS CORPORATE ACTIONS
PROCESSING SOFTWARE, RADICA CAPS.

Banking & Securities software specialist, Mondas PLC, announced today that
Brewin Dolphin Securities Limited has signed a contract worth over £800,000 for
an upgrade to the latest version of its corporate actions ('CA') processing
software, Radica CAPS.  In addition to licence upgrades and project services the
contract includes an extension of support for a further five years.

Brewin Dolphin, an early adopter of Mondas' Radica CAPS will benefit from the
increased functionality of the software including automatic loading of events,
sophisticated entitlement calculation and outcomes generation.  In addition,
Brewin Dolphin will have the advantage of an advanced web-based election portal.

Simon Still, Chief Operating Officer at Brewin Dolphin comments:

'As one of the first organisations to recognise the opportunity to automate
corporate actions processing, commissioning the initial development of Radica
CAPS, we have watched with interest the new development of CAPS made by Mondas.
We are now looking forward to taking advantage of the enhanced functionality
that is now available and streamlining our CA processing even further.  Mondas
has demonstrated considerable skills and experience in the CA processing arena'

Jarlath McGee, Chief Executive of Mondas commented:

'I am delighted that Brewin Dolphin is to extend it's long standing relationship
with Mondas and to invest still further in it's Radica CAPS market leading
product. With over 750 users, Brewin Dolphin will demonstrate the scalability
and ease of use of Radica CAPS. With the upgrade to Version 3, Brewin Dolphin
will join other blue chip clients such as HSBC and Credit Suisse First Boston in
a list of customers who will continue to add functional richness to the product
and add to it's marketability.'


                                                                12 October 2004


Enquiries:

Mondas PLC                                              Tel: [phone]
Jarlath McGee, Chief Executive

College Hill                                            Tel: [phone]
Matthew Smallwood/Clare Warren



Notes to Editors:

About Radica CAPS

Radica CAPS is a proven solution that takes the corporate actions process from
the front office, through the middle to the back, all in a true STP environment,
offering benefits at each stage.  Flexible, scalable, auditable, compliant,
electronic and paperless, the modular design covers a comprehensive range of
corporate actions processing requirements (including dividends and manufactured
overseas dividends) from electronic capture of event notifications, entitlement
calculation, through election decision capture to outcome update.  Radica CAPS
clients include HSBC, Credit Suisse First Boston, Credit Suisse Asset
Management, Brewin Dolphin, GNI/Man and Close Wealth Management.


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