New Contract Signed

First Derivatives PLC
09 February 2005

                             First Derivatives plc



                              New contract signed



First Derivatives plc ('FDP'), the leading provider of systems support and
development services to the capital markets technology sector, announces the
signing of a significant Near Shore IT support contract with Electronic Data
Systems ('EDS').



FDP has signed a contract with EDS for FDP to provide Near Shore IT Support for
one of EDS's major banking customers in London.  The contract requires FDP to
assign 12 technical resources, the majority of whom will be located offsite at
FDP head office, to provide support for the bank's back office financial markets
settlement and risk management systems.



The contract which is renewable on an annual basis, involves certain
transitional arrangements and it is expected the full impact on trading will not
be felt until the second half of the calendar year.



Michael O'Neill, Chief Operations Officer commented:



'Winning this contract is a major step forward for the Company and is further
vindication of our strategy to expand our Near Shore support business to the
banking sector.'



Enquiries:



Brian Conlon / Michael O'Neill

028 3025 2242


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