Admission to Trading on AIM

RNS Number:3655U
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
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