London, 9 December 2009 

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that one of the world’s leading copper producers, Xstrata Copper, has completed the next phase in their enterprise-wide rollout of Brady’s Raw Materials Module, with the signing of new contracts for its operations in Chile and Peru. 

This will take the mining giant another step closer to being one of the first clients to implement Brady’s class leading technology on such a worldwide scale. By having Brady’s modular technology as an integral part of its core infrastructure, Xstrata expects to achieve both immediate and long-term business benefits; specifically, improved global risk management, and delivery processes and increased control and audit facilities.

Bruce Anderson, general manager of Xstrata Commodities Middle East DMCC, commented on the deal: “We already use Brady for operational hedge activities across divisions and this implementation will provide Xstrata with a more cohesive and strategic focus on trading, hedging, mark-to-market and risk management at global, regional and local levels. Brady’s comprehensive capture and tracking of trades will streamline the administration of the often complex delivery and payment terms involved in metals trading.”

Gavin Lavelle, CEO of Brady plc, said: “Xstrata’s continuing enterprise-wide rollout of our new Raw Materials Module is a significant deal for us. Clients using the Module are getting a fast ROI and quickly see the business benefits of improved trading, risk management and hedging capabilities and greater efficiencies in the administration and management of production, processing and delivery. The Brady and Xstrata implementation teams are working collaboratively to provide an effective global delivery.”

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