RNS Number:4116O
Raft International PLC
06 August 2003





Raft International plc - Press Release

London, August 2003



   American Electric Power (AEP) licences raft credit for Global Credit Risk
                                   Management

Raft International plc, announced today that AEP, one of the United States'
leading power generators and marketer of natural gas, and related products and
services, has licensed raft credit, Raft International's credit risk management
application.

AEP will be implementing the complete raft credit solution, providing an
enterprise-wide credit risk management system that includes workflow and
collateral functionality. The new system will cover all of AEP's physicals and
derivatives trading.

In the increasingly competitive and volatile energy markets, AEP wanted an
enhanced solution to enable them to manage and mitigate their credit risk more
effectively. raft credit will be installed at AEP's corporate headquarters in
Columbus, Ohio and subsequently rolled out to other offices in the group.

Pete Pavluk, Commercial Development Director at Raft International said "Energy
companies can gain immediate and long lasting competitive advantage through the
deployment of raft credit. We are looking forward to working with AEP to meet
their business objectives and to a lasting and productive relationship."

The contribution from this contract win is reflected within the current market
estimate of results for the Company for this financial year and for the year
ended 31 October 2004.



Contact:

Sandra Kelly, Raft International    +44 20 7847 0433
skelly@raftinternational.com



Shane Dolan, Biddicks               +44 20 7448 1000
Shane.dolan@biddicks.co.uk





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