Trading Statement

For immediate release 20 January 2011

Brady Plc

(the "Group" or the "Company")

Trading Statement

Brady, the leading global supplier of trading, risk management and settlement solutions to the metals, energy and softs sectors, is pleased to provide an update on trading performance for the full year to 31 December 2010.

The Group expects to report revenue growth exceeding 30% and profit before tax growth of 25% in line with market forecasts (excluding transaction costs relating to acquisitions which will be treated as exceptional items). This is a very strong performance during challenging economic conditions.

2010 has been a transformation year for Brady. With a stronger cross-market offering and wider geographic reach, Brady is in a very strong position to take advantage of the rebound in the Group's underlying markets and powerful market drivers including the industry focus on risk, governance and on meeting increasing regulatory requirements. The solid demand for our solutions and our strong market position has been demonstrated by the signing of five new contracts in the second half of the year.

The Group's net cash balances at 31 December 2010 were £11.6 million, prior to the deduction of Viz acquisition expenses and the reimbursement of anticipated surplus working capital to the vendors, estimated to be in the range of £2.0 million.

The integration of Viz, acquired in December 2010, is well underway and we look forward to reporting on positive progress in due course.

Gavin Lavelle, CEO of Brady, commented: "With revenue growth anticipated to exceed 30%, increased operating profits and a successful share placing in December, it has been another very successful year for Brady. We are very pleased at the progress we have made in the year, having secured and delivered good business in a tough environment. We are also pleased with investor support for our recent placing which enabled us to complete the acquisition of Viz and retain a strong balance sheet."

Full details of the Group's financial performance for 2010 together with an outlook for 2011 will be provided in the preliminary results, which are expected to be announced on 16 March 2011.

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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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