RNS Number:9224D
CES Software PLC
11 October 2004


      CES SOFTWARE PLC ANNOUNCES #20 MILLION (CDN$46 MILLION) FINANCINGS

      NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR
                      DISSEMINATION IN THE UNITED STATES.

CES Software Plc ("CES" or the "Company") (AIM:CES) (TSX:FUN), a leading
provider of skill gaming and betting exchange technology, is pleased to announce
that Canaccord Capital (Europe) Limited and CIBC World Markets Inc., have agreed
to act as agents for the Company in connection with the placing of up to #16.1
million (or approximately Cdn$36 million) of the Company's ordinary shares at a
price of #1.40 per share. Together with the previously announced issues of
977,700 ordinary shares and 2,230,500 special warrants at Cdn$3.22 (#1.40) per
share or special warrant, as applicable, the proposed placing will complete an
overall financing round raising gross proceeds of up to approximately #20
million (or approximately Cdn $46 million). Completion of the latest placing is
subject to receipt of all regulatory and shareholder approvals and execution of
definitive documentation and is expected to occur on or about 22 October 2004.

It is anticipated that the proceeds from this round of financing will be used
for potential acquisitions, to further expand the Company's marketing and
development efforts and for general corporate purposes.

This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities in any jurisdiction.

For more information, contact:

Lorne Abony, Chief Executive Officer, CES Software Plc      Tel: +1 416 260 4402

James Lanthier, Chief Financial Officer, CES Software Plc   Tel: +1 416 260 4410

Alex Mackey, Catullus Consulting                            Tel: 020 7736 2938

Neil Johnson , Canaccord Capital (Europe) Ltd               Tel: 020 7518 2777
Robin Birchall

Stewart McGuire, CIBC World Markets Inc.                    Tel: +1 416 594 7878

About CES Software Plc

CES Software Plc ("CES") is a market leader in person-to-person gaming
technology.  CES's strategy is to provide its cutting-edge skill gaming and
exchange betting platforms to the leading destination sites and 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" and
listed on the Toronto Stock Exchange (TSX) under the symbol "FUN". 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.



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

END
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