Brady Strategy Producing Strong Profits

LONDON - Brady plc (BRY.L), the leading supplier of trading and risk management
solutions for metals and commodities, has announced significant progress and
released preliminary results showing year-on-year operating profits that have
more than doubled and pre-tax profits up by an impressive 63% to GBP1
million. Recurring revenue has increased by 36% to 35% of total revenues. New
contract signings have trebled and there is significant growth in the sales
opportunity pipeline. Sales revenues have increased 8% over 2007 to GBP6.2
million.

The company has demonstrated the success of its 2007 re-organisation and
investment by growing its routes to market and is now well positioned to
capitalise on market opportunities. Brady signed nine significant contracts
during the year and in spite of general economic conditions expects to
continue to build its sales pipeline and new licence contracts in 2009.

The Comsoft acquisition in January this year brought enhanced
functionality and expertise which, combined with Brady’s existing offering,
creates a uniquely powerful end-to-end trading, risk management and
settlement solution. Brady provides the clear advantages of a single source
solution for highly complex trading and risk management of refined and raw
materials. Clients have been very quick to recognise the advantages of using
Brady and can now benefit from the potential cost savings and the increased
efficiencies across their trading and risk management infrastructure.

Gavin Lavelle, CEO of Brady, commented: “The substantial growth in
trading of metals across the globe combined with the Group’s expertise in
metal trading and risk and Comsoft’s strength in raw materials solutions
positions us well as a leader in this market. We have created a unique
solution to drive revenues which has also been translated into a 117%
increase in operating results. We have laid solid foundations and
demonstrated early success in our strategic plan and have a strong platform
for ongoing growth and success in 2009 and beyond.” Lavelle continues: “With
a strong balance sheet and GBP7.8 million of cash resources at December 2008,
the Group continues to work with our advisors to drive and execute our
acquisition strategy. We anticipate that the continuing turbulence in the
credit markets and recessionary climate should favour Brady’s acquisition
strategy.”

About Brady plc

Brady plc (BRY.L) is a leading provider of trading and risk management
software for global commodity markets. On a single platform Brady combines
fully integrated and complete solutions supporting the entire commodity
trading operation, from trade capture of financial and physical trading,
through risk management, handling of physical operations, back office
financials and treasury management. Brady has more that 20 years of expertise
in the commodity markets and more than 800 users worldwide, including some of
the largest manufacturing organisations that depend on Brady’s software
solutions to deliver vital business transactions across their international
operations. www.bradyplc.com

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Source: Brady PLC

Editorial contact for Brady: John Norris, Moonlight Media , Tel: +44-(0)20-7250-4770, Email: john at moonlightmedia.co.uk