New Contract

3 December 2012

Brady plc ("Brady")

New Contract

Brady, the leading global provider of trading, risk management and settlement solutions to the energy, metals, recycling and commodities sectors announced today that Onesteel Recycling Asia has selected Brady to manage its physical trading and risk requirements for its base metals business in Hong Kong.

In addition to its global trading platform, OneSteel Recycling operates from 52 scrap collection locations spread throughout Australia, New Zealand, USA, Thailand, the Philippines and Hong Kong, supplying processed quality ferrous and non-ferrous recycled metal to steel mills, foundries, copper, brass, lead and aluminium industries and is a significant exporter of recycled raw materials to the Asian region. In FY12, the business handled in excess of 2.1 million tonnes of recycled metal globally through its physical operations and trading business.

After an extensive review process of vendor alternatives, Brady was selected as the partner of choice for its comprehensive functional coverage, along with the speed of deployment and the in-depth domain knowledge of the Brady team in the metal trading environment. The Brady solution will enable OneSteel to manage its physical and futures trading and the associated logistics requirements, whilst providing the necessary risk management tools. In addition, OneSteel will use Brady's accounting solution for budgetary control and financial reporting purposes.

Gavin Lavelle, CEO of Brady plc, commented: "Brady has been independently acclaimed to be the leading provider of software solutions to the global metals market and we are delighted that OneSteel has selected Brady to manage its trading and risk requirements, thus adding to our growing customer base in the APAC region. Brady's trading solution offers OneSteel a fully integrated solution that follows the lifecycle of a deal closely, starting with the contractual phase, followed by the execution phase and finally linking the data to a fully integrated multi-currency accountancy application, providing immediate access to key financial information, in order to optimise risk monitoring, treasury management and overall business control. We are absolutely delighted to welcome OneSteel to Brady's customer base of more than 300 companies world-wide".

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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, unrefined and scrap metals, soft commodities and agriculturals.

Brady has 25 years' expertise in the commodity markets with some 300 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, recycling companies, scrap processors, 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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