Re Contract

Mondas PLC
27 November 2000

                                 
                                 
                            Mondas PLC
                    ('Mondas' or the Company')
                                 
            Collegiate Contract Win for DSR's Resource
                                 
Mondas  PLC  is  pleased  to  announce  that  its  newly  acquired
subsidiary DSR has been awarded contracts worth around £170,000 by
a  consortium  of  13  colleges in Hampshire and  Sussex  for  its
accounting and management information system, 'Resource 32000'.

Resource  will  replace  an  existing  outdated,  DOS  system  and
initially  will  enable 56 users across 13 sites to  manage  their
budgets  tightly  using sophisticated commitment accounting.  This
will be via purchase order processing and real time posting to the
unified  financial  ledgers. Budget holders, in  turn,  will  have
access to more accurate and timely management information.

This  continues Resource's inroads into the collegiate market  and
gives  it  almost  10%  of the Sixth Form  and  Further  Education
Colleges market in England.

Tim Simon, Chairman of Mondas PLC, said:

'The acquisition of DSR represents a leap forward for Mondas.   It
is an excellent company and this new business further endorses the
strength  of the Resource team and their technology. Together,  we
can provide a comprehensive suite of e-business solutions.

   
ENQUIRIES:

Mondas
Tim Simon, Chairman                           Tel: [phone]

College Hill
Matthew Smallwood                             Tel: [phone]
Camilla Glen

About Mondas PLC

Mondas  PLC  is an e-business software house specialising  in  the
securities  and  banking  markets and in  internet  software.   In
September  Mondas PLC purchased DSR, a designer, manufacturer  and
supplier  of  accounting and management information products,  for
£3.79 million.  The DSR Resource 32000 product is complementary to
Mondas' workflow and internet technologies and provides the hub of
Mondas'  accounting system focused on the banking  and  securities
settlement  market.   DSR  has over 300  customer  sites  and  its
clients  include  Avon  Health  Authority,  Guildford  College  of
Further  and  Higher  Education, Leeds  College  of  Music,  Royal
College of Music and University College London Union.

Resource  32000  is  a  32 bit client server Microsoft  compatible
suite  of  software  covering finance, order processing,  stock  &
inventory, job costing, payroll and time and expense  ledgers.