Agreement with BT Group plc

First Derivatives PLC
13 March 2003

Embargo for 0700 HRS on 13 March 2003



           First Derivatives plc ('Company' of 'First Derivatives')

                         Agreement with BT Group plc


First Derivatives plc announces that yesterday it signed a joint venture
agreement with BT Group plc ('BT'). Under this agreement BT, under the BT
eBusiness Manager brand name, will market a suite of hosted applications to
small and medium sized businesses under its broad-band initiative throughout the
UK.  This suite will consist of the software applications recently acquired from
E-hub.com plc together with others developed by the Company. Further details of
the BT offering can be seen on the partnership web site http://
www.btebusinessmanager.com.  The contract will run for an initial period of 2
years and thereafter is renewable annually subject to 6 months notice by either
party.



Commenting, Brain Conlon, Managing Director of First Derivatives plc, said:



'This marks an exciting and important new development for First Derivatives
because it opens up a new potential revenue stream for the Company. '



13 March 2003




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