Admission to Trading on AIM

Enition PLC 19 January 2004 Enition plc Admission to trading on AIM Trading in the shares of Enition plc has commenced today on AIM following the Placing of 5,979,600 new Ordinary Shares by Seymour Pierce and the acquisition of CDE Solutions Limited, a software company. At the Placing Price the market capitalisation of Enition is £10.2m. CDE has developed a suite of software products called RESolution. These products will now be combined with the IBM DB2 Information Integrator platform and a full commercial release of this combined product is planned for the early part of this year. IBM and CDE have entered into an OEM agreement in respect of the combined product and CDE has also been accepted as an IBM business partner. The principal property of the software application is to make disparate databases appear as one database and removes the need to physically upload and centralise data in a traditional data warehouse. The combined product creates a virtual data base to allow a user to access and modify fragmented data sources as a single, integrated database. The Chief Executive of Enition plc is Ray Dutton who has been involved in the technology and telecommunications sector for 20 years. He held senior marketing positions at ICL and Software Sciences and was latterly Chairman and CEO of broadband network provider, iaxis N.V. Commenting on the flotation, he said: 'We believe that CDE has now reached the right stage in its development where the introduction of external finance and the higher profile of being a quoted public company will accelerate future growth and we are delighted to be joining AIM.' Enquiries: Ray Dutton, Chief Executive Enition plc 07767 617889 Jeremy Porter Seymour Pierce 020 7107 8000 David Bick Holborn 020 7929 5599 This information is provided by RNS The company news service from the London Stock Exchange

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