Preliminary Results

Mondas PLC
4 August 2000


                            MONDAS PLC
                                 
         PRELIMINARY RESULTS FOR THE YEAR TO 30 APRIL 2000

Mondas  PLC,  the e-Business software house, specialising  in  the
securities  and  banking  markets  and  Internet  software,  today
announces results for the year ended 30 April 2000.

Financial
*  Turnover grew by 42% to £1.36 million (1999: £955,000)
*  Loss  after  taxation of £857,573 after £503,797  of  goodwill
   amortisation
*  Loss per share of 6.8p (1999:5.7p)

Operational
* Focusing on e-Business in the securities and banking markets
* Development and marketing of solutions  for Client Fund
  Management and Corporate Actions to the securities and
  investment sector
* Projects undertaken for Added Value Group, CIA Media Network UK,
  Larvik kommune and Ingersoll Rand
* Mondas's  e-Business  product range including  Internet  content
  management,  online trading, intranet portals, business  process
  management  and  workflow  was presented  at  Webcom  2000  with
  considerable success
* New  Products:  Radica  4.0 - for complex hierarchical  business
  processes and workflow control
* IntraLink  ST 3.5 - for improved content management of websites,
  corporate intranets and extranets
* Management  strengthened  with  Matthew  Crook  as   Sales   and
  Marketing  Director  and Graham Ross as  Director  of  Technical
  Operations

Tim Simon, Chairman of Mondas commented:
'Last   year  was  one  of  groundwork  so  that  the  very   real
opportunities  in  the  securities  and  banking  markets  can  be
exploited.   Web  sites, intranets, extranets and e-Processes  are
becoming  increasingly  important for communication  within  large
organisations  and our solutions and relevant industry  experience
position  us  well in this area.  We will continue to develop  our
routes to market and our technologies, to serve our growing client
base.'
                                                                  

ENQUIRIES:

Mondas Plc
Tim Simon,Chairman                 Tel: [phone]

College Hill
Matthew Smallwood                  Tel: [phone]
Chelsea Allen
                            
                            MONDAS PLC
       Preliminary Results for the year ended 30 April 2000

                       Chairman's Statement


RESULTS
I  am  pleased to report the results of the Company for  the  year
ended  30th  April, 2000.  Revenues for the year grew  by  42%  to
£1,358,811  (1999:  £955,301),  with  a  loss  after  taxation  of
£857,573  (1999: £520,078) after charging amortisation of goodwill
of  £503,797 (1999: £289,687).  Sales were constrained  marginally
during the third quarter of the period ahead of the Year 2000 date
change  and  the  extended millennium holiday.   Nevertheless,  we
closed  the  fiscal year with April being our strongest  month  to
date,  billing nearly £200,000.  At 30th April 2000 licence income
of £126,683 (1999: £nil), arising from our Norwegian business, was
deferred.

SALES & MARKETING
During the period under review the Company refocused its sales and
marketing strategy to apply its workflow and Internet technologies
and resources to best effect. Our technologies can deliver a range
of  solutions  encouraging collaboration within the  business  and
online trading with customers and suppliers anywhere in the world.
We  have  decided  to focus our attention on the  e-Business,  and
securities  and  banking  markets, where  we  believe  we  have  a
competitive edge in skills and experience, speed of deployment and
price.    We   have  recruited  specialist  sales  and  consulting
professionals,  which  led to increased  business  in  these  core
markets.

The Company's most significant individual client in the securities
sector,  Brewin Dolphin Securities Limited, continued to implement
Mondas'  application  solutions, to  migrate  legacy  systems  and
increase  efficiency.   Mondas'  front  office  solutions  provide
stockbrokers  with information which can be viewed  by  individual
client,  portfolio, stock or market segment, giving  comprehensive
client  holding  information, to improve private client  services.
More recently, we have added multi-currency client risk management
and  integrated  analysis  of  client  life  assurance  investment
positions.  We have also developed a system to automate  corporate
events  and actions, triggering faster response times and managing
compliance issues.

New  software licence contracts for our enterprise intranet portal
product, have been won in the UK and Norway.  Ingersoll Rand,  the
multinational industrial and components manufacturer, is deploying
our   document  management  solution,  storing  compressor  design
specification  information to improve field  engineering  services
worldwide.    To   improve   their   global   communications   and
collaboration, we have deployed an intranet for Added Value Group,
one  of  Europe's  largest  marketing  agencies,  whose  customers
include  major  corporations in transport, retail,  communications
and financial services.
                            MONDAS PLC
       Preliminary Results for the year ended 30 April 2000

                   Chairman's Statement (Cont'd)

More  recently, CIA Medianetwork UK, the ninth largest media buyer
globally,  launched 'CIA Extra', a series of customer relationship
management  extranets based upon our software.  These will  enable
CIA  to  provide services which are personalised and add value  to
individual  relationships with clients such as the  new  telephone
and internet  banking arm from a FTSE 100 company and  the  UK  market
leader for baby milk.

Larvik   kommune,  a  Norwegian  local  authority,  launched   the
country's   first   integrated  intranet  and  Internet   'service
kommune',  using  our new Internet publishing  content  management
application.   In  the future, citizens will  be  able  to  submit
service  applications online, automatically routed to the relevant
department  for  processing.  This solution is the culmination  of
two  years'  co-operative development between Mondas,  Larvik  and
Ephorma  (our  Norwegian channel partner), which is now  marketing
this product to kommunes in the region.

The complete Mondas e-Business product range including e-Commerce,
secure  credit  card payments, intranet portals and  workflow  was
first  presented  at the Webcom 2000 Exhibition in  London  during
April.   This exhibition generated over 200 sales leads,  some  of
which have now progressed to quotation stage. We believe that this
is an encouraging endorsement of our approach.

PRODUCTS
The  Company has developed important new enhancements  to  Radica,
IntraLink ST and our front office stockbroking applications.

We released Radica Version 4.0, providing improved performance and
enhancements  to the modeller application, to enable  managers  in
larger  businesses  to  design very complex hierarchical  business
processes in easy to use, flexible graphics.  New workflow routing
tools and ease of use features such as tree-views and wizards help
create  and maintain advanced workflow systems that are  quick  to
change.

IntraLink  ST Version 3.5, first released in Norway, now  includes
workflow  technology  and  advanced  publishing  applications   to
improve  content  management  of web  sites,  corporate  intranets
and/or  extranets.  Feature enhancements have been  made  to  core
modules  and a new 'MyIntraLink' module has been developed,  which
provides users with a personalised 'virtual desktop'.

These  enhancements strengthen Mondas' proposition to  medium  and
large organisations.

MANAGEMENT CHANGES
Matthew  Crook, our Sales & Marketing Director, joined the Company
in  March  1999  and was appointed to the Board on 14th  September
1999. He has now successfully established the newly focussed sales
team, the recruitment of which was complete in November 1999.

                            MONDAS PLC
       Preliminary Results for the year ended 30 April 2000

                   Chairman's Statement (Cont'd)

Graham  Ross  joined as Director of Technical  Operations  on  1st
March  2000.  He  is responsible for the further  development  and
integration  of  products,  customer  support  and  services   and
technical  sales  support. Further technical personnel  have  been
recruited to work on customer projects.

Tony  Marienthal resigned from the Board and left the  Company  on
8th  November 1999.  Stephen Lord resigned from the Board and left
the Company on 17th March 2000.

YEAR 2000 AND EURO INTRODUCTION ISSUES
As expected, the Millennium bug did not strike our products and we
do  not  expect  to be affected by any material issues  associated
with the year 2000 in the future.  Equally, we envisage that there
will be no impact on the group and the accounts as a result of the
introduction of the Euro.

REALITY ACQUISITION
The  London  operations of Reality Communications  Scandinavia  AS
('Reality'),  acquired  in November 1998, were  consolidated  into
Mondas Information Technology Limited, its office in Highgate  was
closed at the end of May 2000 and its staff relocated to our  West
Byfleet office.  This created a more streamlined organisation  and
reduced  costs. The benefits of these changes should  be  realised
during subsequent reporting periods.

On  4th  May  2000  the Company issued a Notice of  Claim  against
Stephen  Lord,  Tony  Marienthal and Nigel  Harte,  the  principal
vendors of Reality, alleging breach of certain warranties given by
them  in the acquisition agreement dated 20th October 1998  as  to
the financial position of the Reality group.

DIVIDEND
The  Directors are not recommending the payment of a  dividend  in
respect of the financial year under review (1999: nil).

FUTURE PROSPECTS

The  Directors  are confident that the 'ground work'  carried  out
during  this  reporting period leaves the Company well  placed  to
take advantage of the many opportunities it faces. We believe that
e-Business is forcing the pace of understanding and acceptance  of
workflow.   The  Directors consider that  workflow  technology  is
experiencing rapid growth.  Equally, we believe that intranets and
extranets are becoming increasingly important to organisations  to
speed up the process of collaboration and communication.

                            MONDAS PLC
       Preliminary Results for the year ended 30 April 2000

                   Chairman's Statement (Cont'd)

The  Directors'  believe that the securities and banking  industry
must  invest  substantial amounts in replacing its legacy  systems
and  manual  processes to remain viable.  As  a  consequence,  the
Directors  believe this represents a significant  opportunity  for
Mondas's  Client  Fund Management, Corporate Events  and  Internet
Content Management solutions.

We  shall  continue  to develop our routes to market  and  explore
alliances   with   application  service   providers,   information
providers   and   channel  partners  to   extend   our   coverage.
Geographically our prime focus remains on the UK.

In  addition  to organic growth, we shall continue to explore  the
acquisition  of companies with complementary technologies,  skills
and clients.


                                                       D T A Simon
                                                          Chairman
                                                     4 August 2000
                                                                  

                            MONDAS PLC
                                 
               CONSOLIDATED PROFIT AND LOSS ACCOUNT
                                 
                 FOR THE YEAR ENDED 30 APRIL 2000

                                       2000           1999
                       Note       £             £       £

Turnover

Continuing operations     1,358,811                730,805
Acquisitions                      -                224,496

                                      1,358,811    955,301

Cost of sales                         (499,281)  (244,056)

Gross profit                            859,530    711,245

Net operating expenses              (1,725,309)( 1,242,004)

Operating loss

Continuing operations     (865,779)              (405,510)
Acquisitions                      -              (125,249)

                                      (865,779)  (530,759)

Interest receivable and similar income    8,206     9,989

Loss on ordinary
activities before taxation            (857,573)  (520,770)

Tax on loss on ordinary activities            -       692

Loss for the financial year           (857,573)  (520,078)

Basic and diluted loss per share  5      (6.8p)     (5.7p)

PROFIT AND LOSS ACCOUNT                      £           £

At 1 May 1999                       (1,425,592)  (905,514)
Loss for the financial year           (857,573)  (520,078)

At 30 April 2000                    (2,283,165)(1,425,592)

Total recognised gains and losses
The  group had no recognised gains and losses other than the  loss
for the above financial years.

                            MONDAS PLC
                                 
          CONSOLIDATED BALANCE SHEET AS AT 30 APRIL 2000


                                 2000              1999
                         Note  £       £        £        £

Fixed assets
Intangible assets               1,536,684        2,040,481
Tangible assets                    25,741           60,961

                                1,562,425        2,101,442

Current assets
Stocks                     1,810             1,177
Debtors                  318,166           242,721
Cash at bank and in hand   8,742           245,286

                         328,718           489,184
Creditors: Amounts falling 
due within one year     (382,275)         (225,218)

Net current (liabilities)
/assets                          (53,557)          263,966

Net assets                      1,508,868        2,365,408


                                       £                 £
Capital and reserves
Equity called up share capital  1,261,185        1,257,740
Share premium account           2,530,848        2,533,260
Profit and loss account        (2,283,165)      (1,425,592)

Shareholders' funds             1,508,868        2,365,408



                            MONDAS PLC
                                 
                 CONSOLIDATED CASH FLOW STATEMENT
                                 
                 FOR THE YEAR ENDED 30 APRIL 2000


                               Note        2000        1999
                                             £           £
RECONCILIATION OF OPERATING
LOSS TO NET CASH OUTFLOW
FROM OPERATING ACTIVITIES

Operating loss                          (865,779)    (530,759)
Depreciation                              31,799       27,451
Amortisation                             503,797      289,687
Increase in stocks                         ( 633)      (1,121)
Increase in debtors                      (77,591)    (150,135)
Decrease in creditors                    103,670      (40,319)

Net cash outflow from operating 
activities                              (304,737)    (405,196)



CASH FLOW STATEMENT

Net cash outflow from operating 
activities                              (304,737)    (405,196)

Returns on investments and servicing
of finance                                 8,206        9,989

Taxation                                   2,146         -

Capital expenditure                        3,421      (34,651)

Acquisitions and disposals                     -       13,267



Cash outflow before financing           (290,964)     (416,51)

Financing                                   1033      476,653



(Decrease)/increase in cash            (289,931)       60,062


NOTES

1.The  financial  information that is set out above  does  not
  constitute the Company's statutory accounts for the year's ended
  30  April  1999  or  2000 but is derived  from  those  accounts.
  Statutory account for 1999 have been delivered to the Registrar of
  Companies  and  those for 2000 will be delivered  following  the
  Company's Annual General Meeting.  The Auditors have reported on
  those accounts: their reports were unqualified and did not contain
  statements under section 237 (2) or (3) of the Companies Act 1985.

2.REPORT AND ACCOUNTS
  The Report and Accounts will be posted to Shareholders  shortly
  and will be available from the Company's  registered  office,
  Rosemount  House,  Rosemount Avenue, West Byfleet,  Surrey  KT14
  6LB.

3.DIVIDEND
  The Directors are not declaring a dividend for the year ended 30
  April, 2000.


4.RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS



                                         2000                1999
                                            £                   £
   Loss for the financial year       (857,573)           (520,078)
   Issue of ordinary shares at par      3,445             646,565
   Premium on new shares issued
   (net of expenses and option scheme) (2,412)          1,660,590
   Net (reduction)/addition to funds (856,540)          1,787,077

   Opening shareholders' funds      2,365,408             578,331

   Closing shareholders' funds      1,508,868           2,365,408

5.LOSS PER SHARE
  Basic  loss per share is based on a weighted average  number  of
  shares  outstanding  of 12,594,814 (1999  9,088,624),  and  loss
  after taxation of £857,573 (1999 £520,078). No material dilution
  of  loss  per share would arise if all outstanding share options
  were exercised.