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15 June 2005

First Day of Dealings on AIM

Endace Limited (the "Company" or "Endace"), (AIM. EDA) the network security company with a market leading technology is pleased to announce that trading of its ordinary shares on AIM commenced today.

At the issue price of 162 pence per share, the placing raised approximately £8 million for the Company (before expenses), and on Admission the market capitalisation at the issue price is £23 million.

Panmure Gordon is the Nominated Advisor, Sole Bookrunner and Broker to the flotation.

Endace's 'RIC CODE' has been lodged as EDA.LN.

For further information, please contact:

Endace Limited

Today on Tel: 020 7466 5000

Professor Ian Graham, Chairman

Thereafter on Tel: 00 649 262 7260