Alliance with NetStore Plc

Mondas PLC
1 September 2000


                       Mondas PLC
               ('Mondas' or 'the Company')

The  following announcement will be made at the Company's
Annual General Meeting today:
                            
       Announcement of Alliance with NetStore plc.

Mondas   PLC,   a  leading  e-Business  software   house,
specialising  in the securities and banking  markets  and
Internet software, is delighted to announce it has signed
an  alliance  agreement with NetStore  plc  ('NetStore').
NetStore   plc,  Europe's  leading  Application   Service
Provider,  hosts  and manages software  applications  for
customers on a fixed price, per user, per month basis via
the Internet.  This agreement enables Mondas and NetStore
to   offer   complete   e-business  solutions   alongside
NetStore's ASP services.

Under  this partnership agreement, opportunities for  the
additional  'in-house' infrastructure solutions  required
by  NetStore  customers will be passed  to  Mondas.   The
agreement  will  also enable Mondas,  as  a  Reseller  of
NetStore  ASP  services,  to  offer  these  services  for
organisation-wide Microsoft Exchange email solutions  and
secure  backup, storage and retrieval of mission critical
information.

The  projected  growth of the European ASP markets  gives
both  NetStore  and Mondas an opportunity  to  deliver  a
complete solution offering real and quantifiable business
benefits to their customers.

Tim Simon, Chief Executive of Mondas PLC commented:

'There is no doubt about the growth potential of the  ASP
market,  and this joint initiative with NetStore  ensures
that  we will be able to exploit this opportunity  fully.
We  believe  that this agreement will be the start  of  a
very productive relationship.'

Gary Smith, Chief Executive Officer of NetStore plc
added:

'NetStore  is  delighted to add Mondas to  its  expanding
reseller base. The financial services market represents a
significant  growth area for the ASP delivery  model.  We
are   looking  forward  to  developing  this  opportunity
through our partnership with Mondas.'

Enquiries:

Mondas PLC           Tel: [phone]
www.mondas.com
Tim Simon

College Hill         Tel: [phone]
Matthew Smallwood    Email:[e-mail]
Chelsea Allen        Email:[e-mail]

NetStore plc         Tel: [phone]
www.netstore.net
Sean O'Reilly, VP Marketing         
                     Email: [e-mail]
Hilary Goodband, PR Executive         
                     Email: [e-mail]


About Mondas PLC:

Mondas'  e-Business  technologies enable  Securities  and
Investment  houses to deploy new front  and  back  office
applications, to facilitate straight through  processing.
Full  details  can  be  found on the  Mondas  website  at
www.mondas.com.


About NetStore plc.

NetStore is Europe's biggest Application Service Provider
('ASP'). NetStore hosts and manages business applications
via  the  Internet providing businesses  and  individuals
with  the flexibility to access the software and  support
services they require on a predictable pay-per-seat,  per
month  basis.  This  saves  on  the  up-front  costs   of
investing in technology or in the IT support required  to
maintain  it,  enabling clients to focus  on  their  core
business.

NetStore  deliver  fully scalable,  reliable  and  secure
services including Microsoft Exchange, On-line Backup and
Recovery and PCRefresh(TM) to an expanding customer base.
The  services provided include all application  software,
licencing,   upgrades  and  can,  if  required,   include
education and consulting. To date, 16,000 business  users
have chosen NetStore to host and manage their software as
a  better  alternative to running their  application  in-
house.  Anheuser-Busch,  Avon,  Business  Objects,  Cisco
Systems,  Citrix, Logica, NatWest Bank, NTL  and  BT  are
amongst   those   benefiting  from  the   immediate   and
quantifiable  business benefits delivered  by  NetStore's
ASP services.