Investee Company Update

Brainspark PLC 24 November 2006 FOR IMMEDIATE RELEASE 24 November 2006 BRAINSPARK PLC ('Brainspark') Update on Investee Company (TraderServe) Brainspark is pleased to note that TraderServe, a City-based company in which Brainspark holds a 34.6% holding, has launched a new range of products for compliance with MiFID Best Execution Requirements. This is a significant development for TraderServe after a long period of development and is expected to be adopted widely by Investment Managers seeking to comply with FSA requirement on Best Execution. The new products line includes Instantaneous Net Best Execution to a Choice of Execution Venues, Market Impact Control by Working Orders Over Time to One or More Venues, and Transparent Proof of Best Execution for Systematic Internalisers. In monitoring the effectiveness of the strategy including market impact minimisation, results can be evaluated against a number of benchmarks, including standards such as market VWAP and other more rigorous measures, using TraderServe's pioneering market impact measurement techniques. TraderServe continues to be in the forefront of Best Execution technology in this country. In 2003 TraderServe released a major report on the technological obstacles to pan-European best execution in equities, and is now launching a number of customisable products that enable market participants to comply with the MiFID directive and produce reports to prove compliance. These products generate significant savings in transaction costs and are expected to make a significant impact on TraderServe. For information please contact: Francesco Gardin, Brainspark plc, telephone: 00 39 335 296573 Roland Cornish, Beaumont Cornish Limited, telephone: 020 7628 3396 Note for Editors: About TraderServe TraderServe Limited is a software vendor and consultancy firm focused on real-time trading applications for brokers, traders and fund managers. TraderServe products and services are built on our unique multi-asset Algorithmic Trading Platform (TraderServe ATP), which is specifically designed to meet the real challenges of algorithmic trading in electronic financial markets, providing flexibility and transparency with minimal impact to a client's existing systems. The principals are industry leaders in the design, development and execution of high-frequency trading architectures and strategies. Contact: marketing@traderserve.com www.traderserve.com This information is provided by RNS The company news service from the London Stock Exchange