Brady Regulatory News (BRY)

5 December 2011

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

New Contract

Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that RAO Nordic Oy, a major multi-commodity European trading house with a wide range of trading operations and diversified trading portfolio, has selected Brady Energy's trading and risk management solution to support its risk management requirements.

RAO Nordic Oy, established in Helsinki in 2002, is a fully-owned subsidiary of the rapidly expanding Russian energy trading company, Inter RAO UES, which has activities in 14 countries throughout Europe and Asia. RAO Nordic Oy has been trading on Nord Pool since 2003 and is a member of Nasdaq OMX Commodities and Nord Pool Spot. Its main business operations include asset-backed physical and financial trading of electricity, proprietary trading, origination and asset management with particular focus on wind power and other renewable assets.

The company has opted to implement the latest generation of Brady's specialist energy trading and risk management technology to support its energy trading business. The solution will be swiftly employed in Helsinki as a replacement for its current system.

Oleg Zakataev, Managing Director of RAO Nordic Oy, said: "Our vision to become a major multi-commodity European trading house, with a wide range of trading operations and diversified trading portfolio, means that it is imperative we have ample controls and a proven and reliable solution in place to support our growing trading operations and risk management processes. Brady's experience and track record of providing world-class commodities trading and risk management solutions gave us the confidence that they were the obvious partner of choice for our trading operations. Moreover, following the Proof of Concept phase, Brady has proven that the Brady Energy ETRM is fully capable of supporting our requirement specifications for risk management, asset-backed trading and origination. Brady's full support and ability to deliver a fully integrated solution within a very short timescale was of prime importance to us."

Gavin Lavelle, CEO of Brady Plc, commented: "I am delighted that RAO Nordic has chosen Brady to replace its current ETRM system, to support its expanding trading operations and further delighted to welcome RAO Nordic to our growing community of energy trading customers. The rich functionality of the Brady solution will be implemented without the need for any major customization, enabling us to easily meet RAO Nordic's timelines for having a fully-functioning solution that meets their requirements. This contract win is a clear endorsement of Brady as a leading technology supplier and evidence of our position as a major provider of specialist trading and risk management solutions to the world's commodity markets."

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