YOUDEVISE’S TRADE IDEA TECHNOLOGY NAMED “INNOVATION OF THE YEAR”

NEW YORK & LONDON, June 14, 2006 – youDevise Limited announced today that the industry utility it built for the simultaneous transmission of time-sensitive trade ideas from sell-side brokers and their institutional, hedge fund and proprietary trading desk clients was named “Innovation of the Year” in The Banker magazine’s annual Technology Awards for 2006.

youDevise built the Repository and Distribution Centre (RDC) technology for a consortium consisting of Citigroup, Credit Suisse, Dresdner Kleinwort Wasserstein and Merrill Lynch. Separately, youDevise developed the Trade Idea Monitor (the TIM), an on-demand, web accessible front-end application to the RDC.

“We’re honored with the recognition that this prestigious award fromThe Banker magazine confers on our technology,” said Colin Berthoud, Director of youDevise.

The Banker Technology Awards 2006 recognize innovation and excellence of technical applications and services for the front, middle and back-office functions in financial services companies and strategies used by these companies to effectively use technology.The Banker, which is a UK-based business publication of the Financial Times, received close to 300 entries for the 2006 awards. The awards were made on the basis of objective and results-oriented criteria by a panel of highly respected industry leaders, including Bob Fuller, Head of IT, Dresdner Kleinwort Wasserstein; Clive Hawkins, Managing Director Equity IT, UBS; Pekke Jarvinen, Vice President, Head of R&D, Nordea; and Clive Whincup, Business Partnership Director, Lloyds TSB.

The TIM also makes it easy for brokers to author detailed ideas and provides idea recipients with powerful tools for tracking the performance of ideas and the brokers who authored them, to aid in fast decision-making and in the allocation of brokerage commissions. Prior to the TIM, sellside ideas were communicated via telephone, email or by keying them into multiple client systems, and money managers tracked them on paper, spreadsheets or custom systems.

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Contacts:

Colin Berthoud, youDevise Limited, London
+ 44-20-7826-4302
colin.berthoud@youdevise.com

Jeff McKenzie, Anreder & Company, New York City
+1-212-532-3232
jeff.mckenzie@anreder.com

About youDevise Limited

youDevise Limited (www.youDevise.com), based in London, provides on-demand applications for financial markets. The company’s leading applications provide portfolio management for liquid and illiquid assets. They include the Trade Idea Monitor (the TIM), for the high-speed communication of equity trade ideas and portfolio ideas between institutional brokers and their money manager and hedge fund clients, and the Hedge Fund Information Provider (the HIP), the first commercially available portfolio management system for funds of hedge funds. All youDevise’ applications leverage its proprietary Information Distribution Server (IDS), which facilitates the exchange of data between different market participants.