HANSEN TECHNOLOGIES LIMITED — Regulatory Filings 2003

Mar 12, 2003

ASXREIFASE

13 March 2003

Non Renounceable Rights Issue

Hansen Technologies Limited (Hansen), the billing systems and IT services group, today announced that it will undertake a non renounceable pro rata rights issue to raise up to approximately \$5 million.

Under the terms of the rights issue, shareholders will be offered 3 new shares for every 10 shares held at a price of 18 cents per share. The issue will not be underwritten and the offer will be only made to shareholders with a registered address in Australia or New Zealand.

The company has completed a number of acquisitions over the last two years requiring significant cash outlays, which in turn has reduced its working capital. The most recent acquisition was that of Syntegra (Australia) Pty Limited in June 2002. Consideration of \$8.5 million in cash has been paid by Hansen for this acquisition.

In recognition of this the Directors have resolved to undertake a non renounceable pro rata rights issue. The Chairman and Managing Director, who together control approximately 62% of issued shares, have both committed to take up their full entitlement to the issue, and as a result the issue will raise a minimum of \$3 million.

Proceeds from the issue will be used to:

• strengthen the Company's statement of financial position;
• supplement the Company's working capital reserves in order for it to maximise the potential of its existing business divisions; and
• take advantage of any new opportunities for expansion or growth in the future.

A prospectus for this issue is being finalised and will be lodged with the Australian Investments and Securities Commission during the coming week.

ends

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 has operations in Australia, the United Kingdom and Europe, the United States and New Zealand. It is listed on the ASX (company code HSN).

Honseen Technologies, Linderi ATAN GELOGRA GGBLASS

2 Prederick St. P.O. Box 6127 Doncaster 3108 Victorie Australia Takeshane + 81 3 9840 3000 Pacsimile + 61 3 9840 3099

info@hshtech.com

www.hsniech.com

For further information contact:

Mr Andrew Hansen Managing Director Hansen Technologies Limited
(613) 9840 3000 Mr Niv Fernando Mill Nev Cernando
Manager Corporate Development Hansen Technologies Limited (613) 9840 3000 niv.fernando@hsntech.com www.hsntech.com