FATFISH GROUP LIMITED — M&A Activity 2006

May 2, 2006

ATECH HOLDINGS LIMITED

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$(ACN 004 080 460)$ 14th Floor 607 Bourke Street Melbourne, Victoria, 3000 Australia Telephone: (03) 9614 4444 Fax: (03) 9629 5716

FAX MESSAGE

FAX TO:

AUSTRALIAN STOCK EXCHANGE MANAGER OF COMPANY ANNOUNCEMENTS

1988900279 02 9227 0339 FAX NUMBER:

ATECH Holdings Ltd FROM: $2 m 4y$
30 Minute 2006

DATE:

NUMBER OF PAGES: (Including this page)

ATECH HOLDINGS LIMITED Re. ACN: 004 080 460

Dear Sir.

Please find attached an announcement by the company.

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Yours Faithfully,

ATECH HOLDINGS LIMITED

$(ACN 004 080 460)$ 14th Floor 607 Bourke Street Melbourne, Victoria, 3000 Australia Telephone: (03) 9614 4444 Fax: (03) 9629 5716

ANNOUNCEMENT TO ASX

"The Board of Directors is pleased to announce that the Company has entered into an Agreement to acquire the assets and business of a retirement village owner, operator and developer. The retirement villages are currently located in Victoria and interstate. The acquisition is subject to due diligence process to be undertaken by both parties. Due to the commercially sensitive nature of the transaction, the Board of Directors will make further announcements upon completion of the due diligence process. It is anticipated that upon successful completion of the due diligence process, the company will enter into formal documentation and prepare for an Extraordinary General Meeting seeking shareholders' approval. The Board of Directors will seek to have the company re-quoted on the Australian Stock Exchange.

By Order of the Board of Directors

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Signed by the Chairman Tan Sri Talha Bin Haji Mohamad IIashim