Acquisition

First Derivatives PLC
28 February 2003

                     FIRST DERIVATIVES PLC (THE 'COMPANY')

                                  Acquisition

The Company announces that it has acquired from E-hub.com plc ('e-hub') the
Intellectual Property Rights and Domain Names relating to its suite of software
products. The range of software packages covers project management, procurement,
tendering, quality management, customer relationship management and recruitment.
There are no profits attributable to these assets.  For this purpose the
directors of the Company deemed the value of the assets to be £900,000.

The initial consideration due on completion is £700,000 + VAT, to be settled by
the waiver of debt due from e-hub of £655,000 and the balance paid in cash.
Further payments equal to 20% of the purchasers revenues from these products in
each of the three years following completion is payable to the vendor. The
minimum secondary consideration is £200,000 and the maximum is capped at £1.3
million.

The above transaction is a related party transaction with the directors of the
Company, other than David Anderson, as a result of their shareholdings in e-hub.
In view of the related party nature of the transaction shareholders approval
is required at an EGM, details of which will be circulated to shareholders as
soon as practicable.

David Anderson commented:

'The management of the Company has an intimate knowledge of the product range
and believes that with the Company name and marketing expertise behind it, its
full potential can be realised.'

David Anderson, being the sole independent director and having consulted with
Grant Thornton, considers that the terms of the transaction are fair and
reasonable insofar as shareholders are concerned.

Date: 28 February 2003



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