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FFASTFILL PLC - 12th July, 2004
Acquisition: FFastFill announces acquisition of Future Dynamics Limited

FFastFill announces the acquisition of Future Dynamics Limited, a private company, for a consideration of 33,333,333 new ordinary shares in FFastFill plc.

Future Dynamics Limited is an international company of technology specialists and industry professionals with a history of service to the derivatives industry since 1992. It has operations in both London and Chicago. Its product suite reflects a workflow centric philosophy, which replaces manual methods and standard software applications with a more integrated, flexible and cost-saving approach. Future Dynamics offers solutions in electronic order routing, clearing management, post-trade risk administration and back office integration. In addition, Future Dynamics underpins each product with an extensive support and systems integration capability to address the specific needs of its clients.

FFastFill, the Application Services provider, is now planning to expand its market penetration both in the UK and the USA by combining its leading managed service offerings with the middle and back office functionality provided by Future Dynamics.

Future Dynamics Limited has been loss making over recent years and undertook significant re-structuring earlier in the year. Annual turnover on a pro-forma basis is just over £2 million. Net assets on completion while positive, are expected to be of a nominal value. During the current financial year to March 2005, FFastFill will be integrating the two companies and their product and service lines. It is expected that the acquisition will be earnings enhancing in the year to March 2006. FFastFill is acquiring the entire issued share capital of Future Dynamics Limited. Application will be made for the 33,333,333 new ordinary shares being issued in consideration (which rank pari passu in all respects with the existing ordinary shares) to be admitted to AIM. Dealings are expected to commence in these shares on 15th July 2004.

Keith Todd, FFastFill's Executive Chairman, said:
"It has been clear to us for some time that the needs of our customers would require a consolidation of the suppliers to this sector. Having built our industrial strength application service for the trading front office, we have been exploring how we might extend this to cover the whole of the order flow, and allow us to expand our penetration both in the UK and US markets. Future Dynamics provides us with both the complementary capabilities in the middle office, and a presence both in London and Chicago with an additional twenty-eight customers. Together we will now be able to offer a unique managed order flow service to firms trading the derivatives markets across the world."

Steve Grob, Chief Executive of Future Dynamics said:
"Having developed such a strong middle office capability, we have been looking for a partner who could provide us with a service platform on which we could deliver it. I am delighted that, in FFastFill, we have found a partner who has such a strong service offering. Together I believe we can add significant value to all our respective customers."

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