CES Ces Soft.

RNS Number:4133A
CES Software PLC
02 July 2004


NOT FOR RELEASE INTO THE UNITED STATES OR OVER UNITED STATE WIRE SERVICES


CES SOFTWARE APPOINTS CIBC AND CANACCORD TO RAISE ACQUISITION FINANCE

CES Software plc ("CES" or "The Company"), an AIM-quoted company and a leading
provider of betting exchange technology, is pleased to announce today that it
has entered into an agency agreement with CIBC World Markets Inc. ("CIBC") and
Canaccord Capital (Europe) Limited ("Canaccord").

Under the terms of the agency agreement the Company has engaged CIBC and
Canaccord to effect a placing of special warrants in the US and Canada, and
ordinary shares in the UK and Europe at a price of 105p (CDN $2.62) per warrant/
ordinary share. The proceeds of the placing will be used to satisfy the initial
cash consideration in respect of the acquisition by the Company of
person-to-person skill gaming business, Skilljam, which has been announced
today.

The Company has agreed following the completion of the placing to apply for a
secondary listing for its ordinary shares on the Toronto Stock Exchange or the
TSX Venture Exchange. If such a listing is successfully obtained this will
facilitate trading in the Company's shares by North American investors. The
Company believes that this will be beneficial in increasing the liquidity of the
Company's shares.
CES is focused through its technology on providing gamers in regulated markets
with an unmatched person-to-person gaming experience.  CES develops and markets
person-to-person gaming technologies for licensed gaming operators in regulated
markets.

CIBC is a full-service investment bank, active throughout North America and with
a range of capabilities in Europe and Asia. CIBC World Markets' parent company
is CIBC, one of North America's first and largest financial institutions with
offices in 18 countries, including the world's major financial centres.

Lorne Abony, Chief Executive of CES Software plc, said:

"Today's announcement further illustrates how we are executing against our
growth strategy, part of which is to take advantage of select, complementary
acquisition opportunities in the online gaming space. CIBC and Canaccord are
premiere international investment banks and we believe that they are the right
partners to help us realize our aggressive goals and to raise the finance for
the Skilljam acquisition."

                                     -ends-

For more information, contact:

Alex Mackey, Catullus Consulting                         Tel: 0207 736 2938

James Lanthier, CFO, CES Software plc                    Tel: 416 260 4410

Neil Johnson, Canaccord Capital (Europe) Limited         Tel: 020 7518 7372

Stewart McGuire, CIBC World Markets                      Tel: 416 594 7878


About CES Software Plc:

CES Software Plc ("CES") is a leading provider of exchange betting technology.
CES's strategy is to provide its cutting-edge exchange platform to the top
licensed eGaming operators from regulated markets around the world. CES is a
public company, incorporated in England and Wales, and quoted on the Alternative
Investment Market (AIM) of the London Stock Exchange under the symbol 'CES". CES
is committed to the integrity of its business, and as such will not conduct
business with gaming operators who knowingly process bets from any jurisdictions
where such practices are prohibited, including the United States and Canada.

About CIBC World Markets:

CIBC World Markets is a full service corporate and investment bank throughout
North America, with operations in Asia, Europe and Australia, and serving more
than 8,000 corporate, government and institutional clients. CIBC World Markets'
parent company is CIBC, one of North America's first and largest financial
institutions with offices in 18 countries, including the world's major financial
centers. A publicly traded financial services company, CIBC has assets of
US$210.1 billion and a market capitalization of almost US$16.2 billion.

Special Warrants

Each special warrant will entitle the holder to acquire, for no additional
consideration, one ordinary share. In certain circumstances including if the
Toronto Stock Exchange or the TSX Venture Exchange has not conditionally
approved the listing of the ordinary shares within 90 days of the closing of the
placing, then each special warrant will then entitle the holder thereof to
acquire at any time thereafter, for no additional consideration, 1.1 ordinary
shares (in lieu of the 1 ordinary share which is otherwise issuable).





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

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