Re Contract

RNS Number:9289Q
Wealth Management Software PLC
15 October 2003


For Immediate Release                                            15 October 2003


                      WEALTH MANAGEMENT SOFTWARE PLC ("WMS")

                          TERMINATION OF CONTRACT

WMS announces that it has unexpectedly received a notice to terminate both its
licence and support agreements with a major client, PPML, part of the Winterthur
Group, a subsidiary of Credit Suisse.

The basis for the termination is strongly disputed by WMS who believe that
Winterthur have no grounds whatsoever for termination. The fees relating to the
agreements, which have not yet been invoiced or remain unpaid, are being
disputed.  In the event that these amounts are not paid the Company's profits
for the current year would be substantially below management expectations.


For further information, please contact:

Paul Newton, Chairman
Wealth Management Software
0121 550 9222

Richard Darby/Suzanne Brocks
Buchanan Communications
020 7466 5000


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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