Contract Win

Mondas PLC
22 November 2005

                                   MONDAS PLC
                           ('Mondas' or the Company')

                                  NEW CONTRACT


         MONDAS PLC ANNOUNCES ITS FIRST GLOBAL ROLL-OUT OF RADICA CAPS



Banking and security software specialist, Mondas PLC, announces that the Zurich
Office of one of its existing global asset management clients has placed an
order to implement Mondas' recently announced Radica CAPS 4.  The Zurich system
will be linked to its London system to create what is believed to be the first
multi-centre Corporate Actions solution using a common database.  This follows
on from the decision of the same company's London office in April 2005 to extend
its licence capability and, although the contract value is relatively small, the
directors of Mondas believe that it represents a significant breakthrough.



The client's London office is also upgrading to Radica CAPS 4, having
successfully implemented Radica CAPS 3.  The new system will provide a single
instance of Radica CAPS, where both centres will share common event data. Legal
entity filtering will ensure that each centre will only be able to access its
own client lists and positions thus preserving and protecting each location's
client confidentiality utilising 'Chinese walls' embedded into the system.



Jarlath McGee, Chief Executive, said:



'This is a highly significant development for Radica CAPS and clearly
demonstrates that the Mondas system offers a truly global solution.  It also
demonstrates our client's commitment to Mondas and the belief that CAPS can
service the needs of an organisation with international reach.'



Enquiries:


Mondas PLC                                                Tel: [phone]

Jarlath McGee, Chief Executive

College Hill                                              Tel: [phone]

Matthew Smallwood/Clare Warren






Notes to Editors



Radica CAPS streamlines current Corporate Action processes from electronic
capture of event notifications to the processing of election decisions in a
Straight Through Processing environment.  Everything from capture to systems
update is auditable, compliant, electronic and paperless and substantially
reduces operational risk.



Ends



                      This information is provided by RNS
            The company news service from the London Stock Exchange