HANSEN TECHNOLOGIES LIMITED — Regulatory Filings 2003

Apr 30, 2003

ASX ANNOUNCEMENT

1 May 2003

Combined Financial Processing and Hansen extend agreement for a further three years

Hansen Technologies Limited, a listed information systems and services group today announced that its subsidiary Hansen Professional Services Pty Ltd (Hansen) has renewed a contract to provide managed services to Combined Financial Processing Pty Ltd (Combined) for a further three years. Hansen continues its long association with Combined, which dates back to 1997.

Combined primarily acts as a buyers group to supply shared information technology services to its 61 credit union members.

The renewal of this relationship will represent in excess of \$10 million of revenue to Hansen over the next three years and covers the following key areas:

• Administration and management of Combined's core banking application $\blacksquare$ platform:
• Administration and management of Internet Banking and Insurance applications:
• Management of wide area services to Combined's 200 credit union branches across Australia:
• 24/7 Help Desk support:
• Centralised services including firewall management, Internet access and other shared facility infrastructure support; and
• Disaster recovery facility, testing and recovery services.

Hansen has worked with Combined to increase to over 60 the number of credit unions to which it provides services, and continues to work with Combined to support its growth plans.

Ray O'Brien, Chairman of Combined commented, "Hansen has been a committed partner to Combined for over 6 years and their flexibility and commitment to providing a high level of service has meant that we can concentrate on our core business, leaving Hansen to deal with the day-to-day issues of technology."

"The Combined deal underlines Hansen's success in providing value added IT services to the Australian financial services sector, specifically to the credit union market," said Andrew Hansen, CEO of Hansen Technologies.

"The relationship between Hansen and Combined works well because we take a partnership style approach to our service delivery. We focus upon providing reliable, stable, flexible and cost effective services to help customers achieve competitive advantage in their markets. We look at our clients' success as a measure of our own," added Mr. Hansen.

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Hänsen Technologies Linsted
ABN 90.090-996-455

2 Posciencie St P.O. Box 6127 Doncaster 3108 Victoria Australia Telephone + 61 3 9840 3000 Packimile + 61.3.9840.3099

info@beateab.com

www.hantech.com

About Hansen

The Hansen Technologies Group is an information technology systems and services provider. It develops, integrates and supports billing system software for the utilities and telecommunications industries and also provides outsourcing and facilities management services. Founded in 1971, Hansen Technologies has offices in Australia, the United Kingdom and Europe, the United States and New Zealand. Its key clients include Telstra, AGL, TXU and British Telecom. It is listed on the ASX (company code HSN).

About Combined Financial Processing

Combined Financial Processing Pty Ltd functions primarily as a buyers group to secure information technology services on behalf of its credit union owners/users.

On behalf of its credit union owners/users, Combined has contracted with 3rd parties to provide IT services including shared centralized computer systems supporting each credit union's retail banking operations, wide area network services, integrated disaster recovery services and facilities management services.

For further information contact:

Mr Andrew Hansen Managing Director Hansen Technologies Limited (613) 9840 3000

Mr Niv Fernando Corporate Development Manager Hansen Technologies Limited (613) 9840 3825 niv.fernando@hsntech.com www.hsntech.com