SENIOR MANAGEMENT HIRES AT LOGICSCOPE

London - 4 October 2006

New FD and Director of Sales enhance management team

Logicscope Realisations Ltd, the leading provider of post-trade messaging, straight-through processing and market data integration software solutions to financial institutions is pleased to announce two new hires to its senior management team.

Nick Gretton joins Logicscope as Finance Director. Formerly CFO of Citel plc, the global provider of IP telephony and converged communications solutions, Nick brings a wealth of experience in financial management, fund-raising and business planning to Logicscope. Prior to Citel, he helped Equant plc prepare for its IPO on the NYSE. Nick is also a member of the Bank of England Regional Business Panel.

Howard Tolman joins Logicscope as Director of Sales. Howard was previously Managing Director of Cognotec plc and before that, Chairman of BCC Group Ltd. Howard’s extensive career in the financial markets encompasses management roles with the world’s leading banks, including 11 years with Bank of America. He is also a specialist in credit and risk management.

Commenting on these appointments, Nick Dyne, CEO, said: “These appointments enhance and strengthen our senior management team. Nick and Howard’s market knowledge and experience, and proven business expertise, will be invaluable in ensuring that we achieve our ambitious business growth targets.

Within the electronic OTC trading environment, demand for total STP efficiency has never been greater. The expansion of our team - and our recent fund-raising programme - ensures that we can focus our efforts fully on the effective implementation of superior STP solutions to all participants in financial OTC markets”.

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