Directorate Change

RNS Number : 5373S

First Derivatives PLC

20 May 2009

First Derivatives plc

(AIM:FDP.L, IEX:GYQ.I)

Directorate Change

The Board of First Derivatives plc ('First Derivatives' or the 'Company') announces that Michael O'Neill, will stand down from his Executive Director responsibilities and will become a Non-Executive Director of the Company with effect from 20 May 2009.

Mr O'Neill joined the Company in 1997 and, together with Brian Conlon, has overseen First Derivatives develop into a global technology business with sales of over £17.5 million, employing 143 in Northern Ireland and a total of 243 around the world. Mr O'Neill will remain as Non-Executive Director and has committed to provide consultancy services to the Company over the next two years as a minimum.

Brian Conlon, Chief Executive Officer stated: 'Michael was a founding member of First Derivatives and over the years has made a substantial contribution to the Company from its infancy through flotation and more recently helping deliver our acquisition strategy. I am pleased that Michael has agreed to take a position on the Board as a Non-Executive Director and will continue to contribute to the success of First Derivatives on a consultancy basis.

Mr O'Neill added: 'It has been a privilege to be at the forefront of the First Derivatives success story for the past 12 years. I have thoroughly enjoyed working closely with a multitude of very talented colleagues who have contributed to this success and I would like to sincerely thank them for their support over the years. I believe the Company's prospects are as bright as at any time in its history and I look forward to facilitating further growth as a Non Executive Director.'

-ends-

Contact:

First Derivatives plc

Brian Conlon

Tel: +44 (0)28 3025 2242

Charles Stanley Securities

Nominated Adviser

Russell Cook/Carl Holmes

Tel: +44 (0)20 7149 6000

Goodbody Corporate Finance

IEX Adviser

Diane Hodgson/Linda Hickey