DATA#3 LIMITED — Major Shareholding Notification 2003

Sep 25, 2003

Data#3 Limited

Friday, 26^th September 2003

Data⁸3 (ASX: DTL) announced today that in response to demand for the company's shares from institutional investors following the company's recent profit announcement, the founder shareholders have made available a proportion of their current shareholdings for a placement.

In particular, Mr Max White who announced his intention to leave the company on $31^st$ October 2003 has offered his remaining shares in to the placement.

As a result the change in holdings of the founder shareholders is as follows:

Mr G. Clark & associated interests - 100,000 shares sold, changing total holding from 5.25% to 4.56% Mr M. Esler & associated interests - 150,000 shares sold, changing total holding from 6.21% to 5.19% Mr J. Grant & associated interests - 250,000 shares sold, changing total holding from 7.59% to 5.88% Mr W. Powell & associated interests - 98,600 shares sold, changing total holding from 5.31% to 4.64% Mr M. White & associated interests - 708,600 shares sold, being his remaining holding.

The appropriate forms reflecting the changes in substantial shareholdings will be lodged separately with the ASX.

"We recognise that the sale of shares by founder shareholders can be a sensitive issue for the market." commented Data^#3 Chairman Mr Richard Anderson. "This has enabled the reintroduction of supportive institutional investors to the register which we believe is beneficial for the market in the company's shares and should provide greater liquidity."

"By selling his entire shareholding Mr White, who after 19 years is leaving the company to pursue his other interests, has eliminated the future possibility of an 'overhang' in the market for the company's shares," he said.

ENDS

For further information please contact:

Richard Anderson Chairman Data⁸3 Limited Tel: (0418) 742 901

Brem Hill Company Secretary Data $\stackrel{\circ}{\phantom{0}}3$ Limited Tel: (07) 3371 8088