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COMPUTERSHARE LIMITED. Capital/Financing Update 2005

Nov 14, 2005

64696_rns_2005-11-14_b21bcdcf-f48d-4a6f-bf45-db5fe6af6dd7.pdf

Capital/Financing Update

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(ACN: 057 345 785)

ASX Announcement

15 November 2005

POWERLAN COMPLETES SALE OF FINANCIALBPO TO COMPUTERSHARE

Powerlan Limited (ASX: PWR) announced today it has completed the sale of its subsidiary FinancialBPO Pty Ltd to Computershare Investor Services Pty Ltd a subsidiary of Computershare Limited (ASX: CPU). This is further to the announcement made 14 October 2005.

The consideration is \$9.5 million cash and 990,000 Computershare Limited options with an exercise price of \$6.15 and a five year exercise period.

About Powerlan

Sydney-based, Powerlan Limited (ASX: PWR) provides specialist information technology products and services, business process outsourcing and infrastructure support through seven operating divisions:

Business Innovations, Powerlan's R&D division, provides leading edge general IT consulting and custom application development services.
Clarity (www.clarity.com) offers carrier-grade Operational Support Systems and Network × Management Systems software solutions for telcos and enterprises.
ConverterTechnology (www.convertertechnology.com) offers specialist services and innovative technologies to help clients migrate files across incompatible desktop applications, particularly Microsoft Office.
Garradin (www.garradin.com) offers integrated software solutions aimed at investment $\blacksquare$ managers and administration platforms.
IMX (www.imxsoftware.com) offers software solutions focused on travel money and foreign × exchange.
BizTech Outsource (www.biztechoutsource.com) provides business technology related $\blacksquare$ managed services such as IT infrastructure management, IT security, application hosting, and communications.

Except for Business Innovations, a business unit within Powerlan Limited, all other divisions are incorporated and operate as self contained companies.