Issue of Equity

Mondas PLC
22 December 2005



Mondas plc ('Mondas' or 'the Company')


Issue of equity 

Mondas, the specialist provider of software solutions to the banking and
securities and education markets, announces that in order to raise additional
working capital for the Company, Teather & Greenwood Limited has placed
2,608,696 new ordinary shares in the Company with institutional and other
investors at 11.5p per share ('the Placing'). The proceeds of the Placing amount
to approximately £250,000, net of expenses. The Placing is conditional upon,
amongst other things, the completion of the acquisition of Blue Curve.

Colin Peters, the chairman of the Company, has conditionally subscribed for
173,913 new ordinary shares under the Placing. Accordingly, on completion of the
Placing, Colin Peters will hold 1,469,757 ordinary shares, representing 4.03 per
cent. of the then enlarged issued share capital of the Company.

The new ordinary shares will rank pari passu with the existing issued ordinary
share capital of the Company. Application will be made for the new ordinary
shares to be admitted to trading on the AIM Market. It is expected that
admission will become effective and that trading will commence in the new
ordinary shares on 17 January 2006.

Copies of the circular to shareholders are available from the Company's
registered office, 17-29 Sun Street, London EC2M 2PT.

                                                                22 December 2005

Enquiries:

Mondas plc                                                       020 7392 1300
Jarlath McGee/Ian Selby
John East & Partners Limited                                     020 7628 2200
David Worlidge/John East
Teather & Greenwood Limited                                      020 7426 9000
James Glancy/Clare Banham/Stephen Austin
College Hill                                                     07831 379122/
Matthew Smallwood/Clare Warren                                   020 7457 2020





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