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FFastFill Senior Management Appointment

Date 03/04/2006

Hamish Purdey has been promoted to Chief Operating Officer of London-based FFastFill plc, the derivatives industry’s leading application services provider. In his new role, effective immediately, Purdey will be responsible for all customer-facing activities including global sales and service delivery. He will be based in London and continue to report to Keith Todd, Executive Chairman and Chief Executive Officer.

Purdey has served as President of FFastFill Inc., the company’s U.S. operation based in Chicago, for the past year.

“I am pleased to have appointed Hamish to this new position. His in-depth knowledge of the industry, technology and FFastFill's business make him ideal to lead the continued growth in our global customers” Todd said.

Purdey joined FFastFill plc in October 2000, working in a variety of technical, operational management and commercial negotiation roles in the company’s London headquarters. As Commercial Manager, Purdey was responsible for relationship management, contract negotiations and the company’s bid management process. Purdey then spent 18 months in a business development role in Asia, exploring opportunities to expand the company’s business in the region, including China, Australia and Singapore. As President of the U.S. operation during the past 12 months, Purdey has successfully introduced third party software services on the company’s managed services platform as well as increasing the customer base in the United States.

Prior to joining FFastFill, Purdey had 10 years of experience in the information technology industry for pharmaceutical, property and transportation companies based in Australia. Born in Australia, he earned bachelor’s degrees in Law and in Arts and a Master of Laws degree specializing in I.T. and e-commerce at the University of Melbourne. He has also received a post-graduate certificate in Applied Finance & Investment with the Securities Institute of Australia. He holds Microsoft, Cisco and Checkpoint IT industry qualifications.

FFastFill is the leading provider of application services to the global derivatives community. FFastFill services and solutions utilise the latest developments in technology to automate trade flow processes across a firm’s front, middle and back offices. FFastFill solutions encompass order routing, clearing, risk management and back-office reporting as part of an integrated, yet modular system architecture. FFastFill application services provide institutions with cost savings in their administrative and IT departments and significantly reduce or eliminate the investment costs associated with maintaining their own technology infrastructure. All of FFastFill’s services are delivered against a contracted Service Level Agreement (SLA), which can be tailored to an institution’s business requirements. This quality of delivered service has been enabled through the deployment of a uniquely engineered and totally managed software technology infrastructure.