BEK Berkeley Tech

RNS Number:4982H
Berkeley Technology Limited
10 August 2006


FOR IMMEDIATE RELEASE                                             10 August 2006



                          BERKELEY TECHNOLOGY LIMITED

                          (London: BEK; OTCBB: BKLYY)

On August 9, 2006, we (and certain of our subsidiaries) reached a settlement
with SunGard Data Systems Inc. and certain of its subsidiaries (collectively,
"SunGard") on all outstanding litigation. Information regarding that litigation
is contained in our Form 10-Q filed on May 12, 2006.


Under the terms of the settlement, we will forego the $1 million escrow account
(including accrued interest on the account) that is currently carried as an
asset on our balance sheet. We, and SunGard, will promptly dismiss all lawsuits
against the other, and we have entered into a mutual general release.


While we continue to believe that SunGard's claims against us have no merit, the
prospect of significantly escalating legal costs and a probable long horizon
(including any appeals) to resolution of our claims against SunGard caused us to
conclude that settlement on the terms agreed was in the Company's best
interests.


We will record the effects of the settlement in our June 30, 2006 financial
statements.



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

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