First Derivatives plc Polish Graduate Careers October 2005

1. First Derivatives plcPolish Graduate CareersOctober 2005 Tel: 028 30 252242 E-mail: jobs@firstderivatives.com

2. Polish Graduate Package • First Derivatives plc is looking to hire very high calibre Polish graduates to join its elite workforce. The company is offering the following package: • Starting Salary euro 25k • Relocation expenses • Free accommodation in Newry, N Ireland • Company owned property within walking distance of Head Office • All bills covered • Professional Clothing allowance of euro 1500 • Entitlement to all staff benefits after 6 months • First year responsibilities will include: • 3-6 months on one of our trading systems support teams • Potential shift work (overtime will be paid extra) • Intense self-training on finance and technology • Move to London or NYC projects after 3-6 months • Travel, accommodation and subsistence are paid for by FD

3. Company Overview • Founded 1996 – Headquartered in Newry, N Ireland • Recognised service provider in financial markets • Specialising in • Outsourced Systems Development & Support • Real-time Trading Applications (Retaining IPR) • Kx Technology Specialists (Largest pool of consultants worldwide) • Consistently profitable since inception • 65 staff (growing at rate of 1 per month) • Floated on AIM April 2002 • 100% share price appreciation since flotation

4. FD is located in the city of Newry in Northern Ireland. Newry is less than one hours drive from the major Irish cities of Belfast and Dublin. Location First Derivatives plc

5. Target Market • Financial Organisations • Banks • Investment Banks • Corporate Treasurers • Hedge Funds • Software Sectors • Financial • Database Technology • E-Business

6. Staff • 65 staff (growing at rate of 1 per month) • Quantitative Analysts, Financial Engineers and Systems Engineers • Excellent Academic Backgrounds • Mathematics, Finance, Computer Science Graduates • Best of Breed Experts hired to complement local talent • Derivatives, Banking, Insurance, Pension Fund and I.T. experience • ex Morgan Stanley, Sungard, KPMG, Lloyds Abbey Life, Susquehanna • Extensive In-house training programmes • Very well paid • Share Options ensure participation in company success • Elite & committed workforce

7. Products and Services • Outsourced Systems Development and Support • Consulting teams in major technology with capital markets knowledge • 100s of individual users in over 20 financial institutions worldwide • Either on-site or remote • Work for both Banks & Software Companies • Feb 2005 signed major near shore IT support contract with Electronic Data Systems (EDS) • Product Development retaining IPR • Equity, Fixed Income & FX trading tools • Direct Exchange Connectivity • Real-time Trading Applications • Kx Technology Specialists (Ultra-fast Database Technology) • Worldwide sales and services partner of Kx Systems • Software Sales to 8 out of 10 top tier investment banks and many hedge funds • Over 50 customers worldwide growing at rate of 10 per year • Consultancy sales to 50% of Kx Customers • Support Contract sales to 20% of Kx customers

8. Partners British Telecom, London IT&E, Sydney Kx Systems, Palo Alto TickData, Washington Calypso, California Quadrus Financial Technologies, Vancouver Main Customers (in partnership with Kx Systems) JP Morgan, London Dresdner Kleinwort Wasserstein, London Lehman Bros, London & New York Merrill Lynch, London & New York Deutsche Bank, London Fidelity, Boston Bank of America, New York CIBC, New York Swedbank, Stockholm Svenska Handelsbanken, Stockholm Customers/Partners/Case Study • Case Studies • FD sold A leading UK Investment Bank an Kx equity enterprise license in Jan 2002. The FD on-site team has now grown to 5 (spread between London & NYC) and is responsible for developing and maintaining the equity program trading environment including an advanced analytics library written in q. • FD worked on the Opus product installation for Swedbank in 1996 and have had a minimum of 1 consultant onsite ever since. The current 3 man team based in Stockholm provides ongoing systems support to the traders and resources for ad hoc developments. • A large UK bank hired 2 FD resources for one-off project in 2001. Project success has helped spread FD reputation throughout the bank and we currently have 15 consultants on and off-site working on 6 separate projects. In the past 18 months FD has taken full responsibility for the near shore support of the Calypso product and formed a separate team to near-shore the support a range of legacy systems.

9. Current Projects - sample • US Software House • Project Management of an Interest Rate Derivative Blotter developed as an extension to an existing trading system • Swedish Bank • FD provide user and technical support for Opus, Kondor+, Algorithmics and carry out any in-house developments requiring customisation and/or integration with the Opus trading system • Investment Bank • Multiple Trading System Integration, EAI project that required the integration of various trading systems for the purpose of collating all accounting data in each system into one back office accounting area • Large UK Bank • Development & Support of Trading System Integration, Responsible for fixed income operational systems – from deal entry, through confirmation, settlement and posting to a general ledger system. The FD team also manage the generation of regulatory reports, contingency systems and various market risk feeds. • US Bank • The design and development of a front to back real-time algorithmic trading platform incorporating tick data capture, storage & analysis, implementation of equity program trading strategies and direct links to exchanges for ultra-low latency trade execution.

10. Corporate Direction • Maturity to medium sized company of 100-150 employees • Increase earnings potential through investing in employees • Increase market share • Establish senior consultants as market leaders in their field • Develop software products • Become market leader in real-time trading applications • Expand Kx database technology to non-financial markets worldwide

11. A Future with First Derivatives • Visible career path • Extensive training programs • Working with leading edge technology • Working with the latest techniques and concepts in finance • Learn how to compile and present information for external use • Learn aspects of marketing, HR, planning, budgeting • Work with top management in large banks • Assume responsibility more quickly than in other companies • Best remuneration package in Ireland - north or south • Participate in company success via share options

12. FD Training • Financial Theory • Pricing and Risk Management of all Financial Instruments • Software Engineering • Exposure to several major technologies • Internet Technologies • Kx Technology • Development Tools • Project Management • Sales Awareness • Marketing Awareness • Language Training

13. Benefits and Prospects • Increasing Salary • Project Related Bonuses • Employee Profit Share Pool • Equity Options • Contributory Pension Scheme • Private Health Cover

14. Employee Remuneration Profile

15. Location Company Project Duration Newry FD Training on finance and C++ 1 month Philadelphia FNX ASP development on SIERRA product 3 months Newry e-hub K programming for stock valuation/invoice matching system 2 months London Deutsche Bank Kdb/tick Installation 2 months London Merrill Lynch Fx Trading System development 1 month London Citigroup Kx consulting 1 month London JP Morgan Kdb development 2 months London Deutsche Bank Futures Program Trading System development 2 months New York Lehman Brothers Presenting Kdb Training Course 2 weeks Tokyo Lehman Brothers Presenting Kdb Training Course 2 weeks London Merrill Lynch Fx Trading System historical database optimisation 4 months London Barclays Capital Porting legacy time-series database to Kdb+ 9 months FD Careers: Jamie Grant Joined: May 2003 Job Title: Financial Engineer Degree: Maths & Physics, Warwick University

16. Location Company Project Duration Newry FD Training in Kx technology and Quadrus technology 1 month London DrKW Kx evaluation 2 weeks London Deutsche Bank Kx evaluation 2 weeks Newry FD Development on FD's real-time trading application 1 month Stuttgart BWB Kdb/tick Installation 1 month Newry Quadrus Pricing Medium term notes 1 month London HSBC Implementing Reuters feedhandler and kdb+ analytics 1 month Newry Quadrus Pricing Cross Currency swaps 2 months London HSBC Implementing additional kdb+ analytics 1 month Newry FD Development of Kdb+ DBA tool 1 month New York Bank of America Development of C# gui 1 month New York Lehman Brothers Migrating kdb tick database to kdb+ 1 month Boston Fidelity Presenting Kdb Training Course 1 week FD Careers: Svein Hallsteinsen Joined: Oct 2004 Job Title: Financial Engineer Degree: BSc Maths & Finance, MSc Physics, Norwegian University of Science & Technology, Trondheim

17. Employee Responsibilities • Professional approach at all times • Promotion of the company and its ideals • Proper feedback and reporting • Self-Training to complement in-house courses • Provide assistance and mentoring to less experienced personnel • Feedback of sales opportunities • Periods of intense work

18. Potential Candidates • Do you have a very strong Mathematics background? • Are you prepared to travel extensively at short notice as part of your job? • Are you prepared to work long term in NYC, London or other European destinations? • Are you prepared to work in Newry from 0900-1800 Monday to Friday, while not involved in a project onsite? • Are you prepared to learn new technologies and languages necessary to succeed as a First Derivatives financial engineer or financial technology consultant? • Are you prepared to spend time learning the principles of derivatives pricing and risk management? If you can answer YES to these questions Send CVs to: jobs@firstderivatives.com