COMPLII FINTECH SOLUTIONS LTD — Remuneration Information 2004

Oct 26, 2004

DETAILS OF MANAGING DIRECTOR'S REMUNERATION PACKAGE

On 22 October 2004, Gowings Retail Limited ("the Company") announced the appointment of Tony Gattari as the Company's new Managing Director.

In accordance with the ASX's Principles of Good Corporate Governance and Best Practice Recommendations, the major components of Tony's executive agreement and remuneration package are as follows:

• The contract is for no fixed term but is terminable at three months notice by either party;
• The total base remuneration is \$300,000 per annum (exclusive of superannuation);
• $\sim$ There is no variable remuneration component at present;
• $\sim$ It is proposed to issue Tony Gattari or his nominee with 3,000,000 options to purchase shares in the Company at an exercise price of \$0.25 per share subject to shareholder approval. If ratified, these options will be issued in three tranches of 1,000,000 options each. The options will have a term of 5 years from the date of the General Meeting of the Company which ratifies the options package ("Issue Date"), and will only vest and be exercisable if Tony Gattari is still an employee of the Company. Further details of vesting are as follows:

Tranche I may only be exercised on a date which falls after the first anniversary of the Issue Date and after which the share price of the Company has traded at a volume weighted average price ("VWAP") of \$0.35 or more per share on the ASX for a period of one calendar month.

Tranche II may only be exercised on a date which falls after the second anniversary of the Issue Date and after which the share price of the Company has previously traded at a VWAP of \$0.40 or more per share on the ASX for a period of one calendar month.

Tranche III may only be exercised on a date which falls after the third anniversary of the Issue Date and after which the share price of the Company has previously traded at a VWAP of \$0.45 or more per share on the ASX for a period of one calendar month.

Tony's package is structured in such a way to ensure he is fully aligned with shareholders interests. He is being incentivised to build a sustainable enterprise, which we hope shareholders will support at the upcoming AGM of the Company.

For further information please contact:

Andrew Brown Chairman (02) 9239 8744 / 0418 215 255 27 October 2004