CPT GLOBAL LIMITED — Annual Report 2011

Sep 3, 2006

SOLID AUSTRALIAN GROWTH, OVERSEAS BUSINESS POISED TO DELIVER GREATER RETURN ON INVESTMENT

• Revenue \$31.1 million
• Net profit after tax \$2.1 million
• Total dividends 6.0 cents fully franked
• Increased client footprint globally
• Increased CPT Global brand recognition by marketplace
• Expansion of client base and repeat business
• Growing reputation and recognition of management of IT, midrange and mainframe technical services
• Focused company culture of independence and client side consulting

Further good progress has been made over the past year in building CPT Global's Australian business and expanding its presence in international markets. While the results of this work are yet to be fully realised a strong platform has been established which should position CPT Global well for growth in the years ahead.

CPT Global's focus on client side consulting services and vendor independence are increasingly valued by it's clients. CPT Global's consultants are senior, highly respected industry leaders with long tenure with CPT and within the industry.

During the past year CPT Global's strategy of providing management consulting and technology services to the Australian and international markets was reviewed and refined to ensure the Company continues to grow in geographies suited to its expertise.

In Australia the Victorian operations remain the backbone of the business and client relationships were further strengthened and developed. Progress was also made in the ACT, NSW and Queensland markets in deepening existing relationships, adding new clients and building resources and capability to meet demand. As a result the Australian business is well placed to build its scale and management are focused on profitable expansion in the year ahead.

In the International markets hard work over a number of years in establishing a presence in both the United States and Europe is showing increasingly positive signs. Over the past twelve months CPT Global have expanded anchor client relationships from one to three and activity has lifted. CPT Global now works for over half of the 20 largest financial institutions in the world and continues to deepen its relations with them as a trusted adviser.

Revenue improved over last year but profit growth was constrained due to a lag in generating revenue from some international risk reward assignments which tend to be both lumpy in nature and back ended. This affected the second half result where a significant contribution was expected from a US risk reward assignment but due to contractual changes this was varied and delayed. However CPT Global is well placed to grow particularly in its international operations where a number of risk reward assignments are maturing and forward load across all regions is at an historic high.

Total dividends have been increased from 5.5 cents per share (fully franked) to 6.0 cents per share (fully franked) this year reflecting the improving underlying business performance and the positive outlook.

Commenting on the results, Gerry Tuddenham, CPT Global's Managing Director said: "I currently hold my most optimistic view of the IT market and CPT Global's place within that market. This position is based on three key observations:

• The general uplift in IT spend in all of CPT Global's targeted markets, in particular internationally. $\mathbf{1}$ .
• $\overline{2}$ . Acceptance that independent "client-side" external service providers are a key success factor in transforming the IT organisation. This is especially relevant with an increased number of organisations operating under a Vendor/Outsourced services model and with the increasing consolidation of vendors.
• The incoming Business Opportunities that are progressively filling CPT Global's contracted forward load and the way 3. our people are progressively planning and managing to realise these opportunities.

In the year ahead I am confident that in our established markets we will generate solid growth. I am particularly confident that our emerging markets will deliver a greater profit margin and result in a greater return on investment to our shareholders.'

For further information please contact: Mr Gerry Tuddenham, Managing Director Telephone +61 3 9690 3911 For company profile and information refer to: www.cptglobal.com