Issue of Equity

First Derivatives PLC
20 December 2006

                             First Derivatives Plc
                     ('First Derivatives' or 'the Company')
                              EXERCISE OF OPTIONS


Employees of the Company have exercised options to subscribe for 25,600 ordinary
shares in the Company.

Application has been made for the 25,600 ordinary shares, to be admitted to
trading on AIM. Dealings in these shares are expected to commence on 28 December
2006.

The above shares have all been issued and allotted and will rank pari passu in
all respects with the existing shares in issue.






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