Brainspark plc ("Brainspark" or the "Company")

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