CTO appointment

26 March 2012

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

CTO appointment

Brady plc ("the Company"), the leading supplier of trading and risk management solutions for metals, energy and soft commodities, announced today that Jon Hobbs has been appointed to the role of Chief Technology Officer of Brady plc.

Brady has seen tremendous growth in recent years, organically as well as through acquisition, and has diversified from being a trading and risk management solution provider in the niche metals derivatives space to a company with more than 250 customers. Brady now provides fully integrated and complete solutions that support 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.

With this growth and diversity, the need has arisen for a highly experienced CTO to define Group technology strategy, align this with business goals and to articulate the strategy to clients and partners. A key element of the CTO's role is to guarantee that the most advanced technologies and latest innovations are employed across the Group

 Jon has gained over 20 years' experience delivering software solutions to customers in the financial services space. He has worked for Brady plc for the past 17 years, most recently heading up the Brady Metals Development team. During this time he has led initiatives to define, execute and articulate Group technology strategy, aligned that strategy with industry trends and best practices and driven the adoption of a Service Oriented Architecture across the Group.

Gavin Lavelle, CEO of Brady plc commented: "I am delighted to appoint Jon to the role of Chief Technology Officer. One of the most important activities in the Company now is to leverage the enlarged technology team that we have and optimise development strategies that can be deployed across the Group. Jon's responsibilities will include developing and articulating Group technology strategy through collaboration with colleagues, technology partners, analysts and clients."

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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 250 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, 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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