Brady Regulatory News (BRY)

31 May 2011

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

New Contract

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for the metals, energy and soft commodities markets, has announced that Singapore-based Yarlun Capital Pte (Yarlun) has selected Brady's front-to-back office solution for managing its newly-launched commodities fund.

Yarlun is the fund manager for XTCMF, which was founded by a team of professionals with extensive trading, trade finance and structuring experience. XTCMF focuses on the financing, origination and distribution of oil products, iron ore, coal, soya beans and fertiliser products for clients in Vietnam, Indonesia, India, Korea, China, Latin American and the Former Soviet Union. XTCMF holds an exceptionally strong position in structuring contracts that are denominated in or linked to the performance of soft currencies.

Brady is supplying Yarlun with a complete solution, including a number of specialised trading management functions such as trade financing, money market transactions, document management, inventory and accounting. Brady's technology is to be installed in Yarlun's Singapore office and will provide a comprehensive, straight-through processing (STP) solution.

Brady offers an easy-to-use comprehensive suite, designed to meet the needs of commodity trading and finance professionals for fast and efficient transaction and risk management, enabling effective financial control and enhanced customer relationships. By providing rapid access to accurate and consistent information, users can make informed decisions at any time and in any situation, improving productivity and profitability, minimising costs and risks, satisfying customer needs and ensuring a clear audit trail of activities.

Geoff Main, CFO at Yarlun Capital, comments: "Initially, we were looking for a stand-alone accounting system, but after seeing Brady's solution we were quickly convinced of the benefits of installing the entire suite.

"We chose Brady for our commodities fund because we felt their many years' experience in these markets would be of great benefit to us. We had very tight deadlines for the upgrading of our infrastructure so we needed to work with a company which has a very clear understanding of our requirements and the asset classes we will be managing. Brady amply demonstrated to us that they have both and are able to offer and install the complete front-to-back office solution, within our required time-frame."

Gavin Lavelle, CEO of Brady, noted: "I am particularly pleased to welcome Yarlun as a client. XTCMF is an extremely strong player in the Asian markets and for Yarlun to select Brady as their partner of choice is very gratifying. Asia is clearly a very large market for commodity trading and I am delighted to see that our investment in our Asian operations is demonstrating growth which we expect to further accelerate.

"We are seeing a growing interest from fund management institutions in commodities. These asset classes are increasingly being seen as offering excellent opportunities for investment and are playing a significant role in diversification of assets."

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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

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