10 March 2010, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced another successful trading year. The newly released preliminary results for the year ending 31 December 2009 show significant growth, contributed to by six major new Trinity licence agreements, nine new clients reaching project acceptance or going live and the positive acquisition and integration of Comsoft.

In addition, operating profit grew by 43% to £1.0 million and profit after taxation is up by 34% to £1.1 million. Earnings per share increased by 38% to 3.77 pence per share.

The business plan, implemented in 2008, established the core principles for delivering Brady's global strategy and is seen as the foundation for continuing growth. The new signings of Trinity licence agreements include a global metals powerhouse in South America and a landmark deal with a significant London-based gold clearer. A global deal with Mitsubishi is an important early success from our Asian operation, established in 2009.  These deals demonstrate that Brady can deliver solutions to some of the best enterprises in the market around the globe.

The successful integration of the Comsoft acquisition, completed in January 2009, is also contributing to Brady's strong performance. The acquisition added valuable functionality and expertise as well as providing additional clients and market sector capability to the risk management, end-to-end trading and settlement technology, for which Brady is renowned.

These results show clearly the advantages of a single source solution for the highly complex trading and risk management of both the refined and raw materials market; Brady's clients have been quick to recognise the potential for increased efficiency and cost savings across their entire infrastructures combined with improved risk management and hedging.

Gavin Lavelle, CEO of Brady, commented: "Our substantial growth in 2009, building upon that of 2008, is a testament to our unique solution for trading and risk management of metals and commodities and provides a solid foundation for continued year-on-year success. We maintain a strong balance sheet, with £6.1 million of net cash at 28 February 2010, giving us a strong basis to continue carrying through our strategies for ongoing expansion."

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

About Brady plc

Brady plc (BRY.L) is a leading global provider of trading and risk management software to the global commodity markets. On a single platform 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 refined and unrefined metals. Brady has more than 20 years of expertise in the commodity markets with 60 customers worldwide, including some of the largest financial institutions and mining corporations that 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, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members. For further information visit: www.bradyplc.com