Brady Regulatory News (BRY)

24 October 2013

Brady plc ("Brady")

New Contract

Brady, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that that Swiss-based international marketer of agricultural products, MAG Commodities AG, has licensed Brady's Trading & Risk Management solution to handle its global agricultural trading and risk requirements.

The Brady solution that was chosen will provide total transparency and accuracy of MAG Commodities' trading, logistics and risk management operations, from deal capture through to accounting. The solution enables individual physical trades to be viewed from any location, with associated detailed trading costs, including insurance, freight and warehousing, facilitating performance attribution analysis by the Commercial Teams.

Gavin Lavelle, CEO of Brady commented that, "We are delighted to welcome MAG Commoditiesto our rapidly growing customer base in the agricultural trading space. The agricultural trading space is highly competitive and MAG was keen to benefit from Brady's ability to assist in its operational risk limitation and empower it to address the highly volatile and complex aspects of the commodities supply chain. We really look forward to working together with the team as their new business evolves".

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About Brady

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals.

Brady has 25 years' expertise in the commodity markets with over 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

For further information visit: www.bradyplc.com

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