Agder Energi further expands collaboration with Brady plc for managing its business-critical trading operations

London - 2 July 2012

Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that Agder Energi, one of the largest energy groups in Norway, has made a firm commitment to further collaborate with Brady plc. Agder Energi has selected the Brady ETRM system to manage its financial and physical power trading operations in the Nordic energy market, in addition to the Brady Energy Power Scheduling solution, which will be deployed to manage Agder’s scheduling operations in Germany.

Agder has been using Brady solutions for financial energy trading and risk management for a number of years; the recent news of Brady’s acquisitions in the energy space means that Agder can now reduce its suppliers and still be able to have best-of-breed solutions from a single supplier. Brady Energy will provide Agder with a comprehensive offering, combining a broad ETRM solution for market data analytics and financial trading with a complete physical trading solution as well as the implementation of a scheduling system.

Gavin Lavelle, CEO of Brady plc, said: “I am excited with the feedback from Agder Energi, which reconfirms our own view that we are able to provide a fully comprehensive best-of-breed energy trading and risk management solution from a single supplier.”

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