HANSEN TECHNOLOGIES LIMITED — Capital/Financing Update 2007

Nov 6, 2007

ASX ANNOUNCEMENT

7 November 2007

Upgraded forecast of operating results

Hansen Technologies Limited (ASX: HSN), announces an upgrade of its operating results outlook for the six months to 31 December 2007.

Highlights of the upgraded forecast for the first half of the 2007/8 fiscal year;

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• Increased revenue from ongoing operations, up 14%

• EBITDA of $5.0 million

• EBITDA as a % of revenue increased to 24%

• Pre tax profit from operations of $3.6 million

• Pre tax profit, including the profit on sale of HPS, of $13.0 million

• Estimated after tax profit of $12.0 million, representing 8 cents per share

It is appropriate to note when commenting on the outlook that the operating results for the first half of this fiscal year include just 2 months of operations from the recently sold NSW outsourcing business (HPS). Accordingly for comparison purposes we have commented where appropriate on the alternative “normalised” view which adjusts the previous year’s first half results to include just 2 months trading from HPS.

In announcing the improved performance Andrew Hansen, managing director of Hansen Technologies, said “I am pleased to be able to confirm that we are maintaining the momentum generated in the second half of last fiscal year. In addition, in spite of the sale of HPS, we expect to increase our operating profit in absolute terms over the corresponding period last year.

The sale of (HPS) on 31 August 2007 has naturally resulted in reduced revenues overall, but on a normalised basis we are forecasting increasing revenue of the ongoing operations for the first half of this year by 14% over the corresponding period last year. Significantly we expect to grow our EBITDA for the first half of this year to $5 million, representing an increase in absolute terms on the first half last year of 77% and 125% on a normalised basis. I am pleased to advise that the ratio of EBITDA as a % of operating revenue for the first half of this year is

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forecast at 24%, exceeding the 20% targeted objective commented on in the recent Annual Report.

Profit from operations before tax for the first half of this year is forecast to increase to $3.6 million, up $3 million on last year and up $3.3 on a normalised basis.

As previously advised we sold our NSW outsourcing business (HPS) in August 2007 for a cash consideration of $10.5 million. This sale is now complete and, after allowing for previously unrecognised capital tax losses and the tax cost base of HPS within our consolidated tax group, the sale of HPS generated an after tax profit for the Hansen Group of $9.4 million.

In total our after tax profit from all activities in the first half of this fiscal year is forecasted at $12 million (representing earnings of 8 cents per share), up $11.2 million on the corresponding period last year.

Should these forecast operating results be achieved we would expect to reintroduce the payment of an interim dividend early in the next calendar year.

Not included in the forecasts commented on above, we are nearing completion of a HUB licensing dispute which we anticipate will generate an additional $1 million of operating revenue this year.

With these improved operating performances and the sale of HPS our balance sheet continues to strengthen. We now have in excess of $22 million in cash reserves and since June 2007 we have doubled our net tangible asset backing to in excess of 18 cents per share.

We will return $4.5 million of this cash to shareholders in December 2007 if the proposed capital return is confirmed by the ATO and approved by shareholders at the forthcoming Annual General Meeting. Our remaining cash reserves plus our positive cash flow from operations leaves us very well positioned to fund both organic as well as strategic growth. We have begun the search for suitable strategic growth opportunities/acquisitions. We are seeking to identify opportunities which offer strong synergies within our targeted markets and are consistent with our style of operations. We will not be hurrying into hasty decisions; the synergies of a new opportunity must be real and deliverable.

I am excited by the position our company is now in. We are financially strong, have a real base of Tier One customers and a substantial pipeline of opportunities.

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As always our full year’s performance will be dependent upon our success in winning, as well as the timing of the start of, new projects. I remain confident of maintaining the momentum we have built up in the first half of this year and I am looking forward to a comparable result for the second half of this fiscal year”.

The figures stated in this release are estimates for the period 31 December 2007 based on the management accounts of Hansen, and are subject to amendment following the completion of the half year and the review to be undertaken by the Company’s auditors in January/February 2008.

About Hansen Technologies (www.hsntech.com)

Hansen Technologies Limited is a leading provider of proprietary billing solutions and IT outsourcing services. Its flagship HUB billing software solutions have application across the Telecommunication, Electricity, Gas and Water industries. HUB is increasingly providing the solution for the needs of energy companies as the push towards market deregulation expands and into telecommunication companies as they pursue convergence and rationalisation. Hansen provides facilities management and outsourcing services from its purpose-built data centres located in Melbourne. Hansen also supports the Classic Superannuation administration solution. Founded in 1971, Hansen has offices in Australia and the United Kingdom.

For further information on this statement, contact:

Andrew Hansen Grant Lister Managing Director Company Secretary Hansen Technologies Limited Hansen Technologies Limited (613) 9840 3000 (613) 9840 3000

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