FFastFill Plc Interim Results

19 November 2008

FFastFill (LSE: FFA), the leading provider of Software as a Service (“SaaS”) solutions to the global derivatives community is pleased to announce interim results for the six months ended 30 September 2008, showing strong progress during a period of continued investment:

Financial Highlights

¨ Revenue increased by 45% to stand at £6.83m (H1 07/08: £4.72m)

¨ SaaS revenues increased 20% organically to £4.02m

¨ ‘12 month Order Book’ stands at £12.33m (H1 07/08: £10.50m), with SaaS Order Book increasing 32% to £8.95m (H1 07/08: £6.77m)

¨ EBITDA of £0.24m (H1 07/08: £0.49m)

¨ Operating Loss of £0.42m (H1 07/08: Loss of £0.08m)

¨ Cash balance of £1.37m (H1 07/08: £1.88m)

¨ Placing of 15,384,615 shares, announced today, raising £1.0m to fund phase 2 of our Asia Pacific expansion plan following good progress with phase 1


Operational Highlights

¨ Significant contract wins in the period including wins with ICAP, Mizuho and NYSE LIFFE

¨ Acquisition of Exchange Technology Pty Ltd providing our initial base in Asia Pacific, regional middle office connectivity and 12 significant customers in the region

¨ Service suite enhanced and expanded, covering Front, Middle, Back and Risk capability

¨ Now operating on a true global basis – as one Company, one identity, a consistent level of service delivery

Commenting on the results Keith Todd, Chairman and Chief Executive Officer of FFastFill said: “I am very pleased with the significant growth we have achieved during the first six months of this year in a difficult market. With our investment in Asia Pacific we now go to market with a truly global, 24/7 offering. The enhancements we have made to our service suite are being well received by both new
and existing clients. It is particularly exciting to be pushing forward with our expansion in the key Asia Pacific region and I am delighted to announce our successful £1.0m Placing today alongside these results which will fund that expansion.

“As we have previously said, no business can be immune to the current exceptional market conditions. The Board recognises that there is more uncertainty in the market at the current time and unforeseen events could occur in the months ahead. Whilst turbulent markets present opportunities for leaner, more agile and fast moving businesses like ours the timing of these opportunities is difficult
to predict. However, as a result of the investments we continue to make in our business, we have confidence that our medium and long term growth prospects remain sound.”

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