Brady Regulatory News (BRY)

7 December 2011

Brady plc ("Brady" or the "Company")

New Contract

Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals, energy and softs sectors, announced today that the Australian Bullion Exchange ("ABX"), based in Brisbane, has extended its use of Brady solutions to bring order transparency to the market via its electronic trading platform.

The functionality of Brady's Order Management Solution currently being employed by the exchange provides ABX's users with full order management capabilities through the input, capture, querying, modifying and cancelling of electronically placed orders as well as the ability to review the history of orders and executed trades. Going forward, market participants will also have full access to the depth of the market, according to both order size and location. The enhanced service will also offer the ability to publish prices to external websites and pricing services, providing further transparency of the Exchange's market.

Thomas Coughlin, CEO of ABX, commented, "This is a global breakthrough in the world of precious metals. ABX has brought investors a real-time physical bullion market, offering total price transparency, with the reassurance of the backing of physical bullion, stored in vaults around the globe. Given the strength of the physical bullion investment market, a central exchange is critical to provide a fair and efficient marketplace for all participants. Australia is the second largest gold producer in the world; we need a globally recognised exchange to accompany this position. ABX strips away all financial engineering to provide a marketplace which is transparent, simple, secure and highly accessible on a global level and, at the same time, improves competition and market efficiency." He continued, "We have made a significant investment in Brady's technology to provide our core infrastructure systems, ensuring a robust and reliable investment platform. Furthermore, Brady's technology and professionalism also convinced us that the platform should be hosted by Brady."

Gavin Lavelle, CEO of Brady, said: "We are delighted with the confidence that ABX is showing in Brady's product and employee capabilities through their decision to have Brady host their solution. Moreover, the developments that we have made to offer an integrated Brady system that manages the work flows from vault to client trading screen to ABX are a significant indication of our continuing growth and expansion within the precious metals market. This particular combination of solutions for an exchange is a major deal for Brady, and we are confident it will answer ABX's requirements for further automation of precious metals trading. It is an exciting time for Brady and ABX, and the market transparency afforded will enable ABX clients to quickly and efficiently access the bullion markets with total confidence."

For further information please contact:

About Brady

Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide 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, softs and agriculturals.

Brady has 25 years' expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, 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

Brady plc: Twitter/Facebook/LinkedIn