RNS Number:5452L
Raft International PLC
27 May 2003



27 May 2003

  Raft International plc wins Operational Risk Management Contract with Abbey
                                  National plc

Raft International plc, ("Raft" or "the Company") the AIM listed software
company, is pleased to announce it has secured a major new contract with Abbey
National plc.

Under the terms of the contract Raft will initially install 3 modules of its
raft radar product: Incident Management, Key Management Indicators and
Processes, Risks and Controls.

raft radar will be implemented throughout Abbey National. The bank plans to go
live with the new raft radar system by the end of the year.

After implementation of the raft Radar product at 3 major wholesale banking
clients, this is the first sale in the retail banking sector.



                                    - ENDS -

Contact:

Gerry Wilkinson, Radar Product Manager,

Raft International plc    +44 (0) 20 7847 0400


Jane Stoll, Central Marketing Manager,

Raft International plc    +91 (0) 22 5690 2840


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

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