HITECH GROUP AUSTRALIA LIMITED — AGM Information 2011

Oct 20, 2011

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HiTech Group Australia Limited 2011 Annual General Meeting - 21 October 2011

Chairman’s Address to Shareholders

Welcome to our twelfth Annual General Meeting as a publicly listed company.

FY2011 Results

For the financial year ended 30 June 2011, the consolidated entity’s net profit after taxation (NPAT) is $648,404 (FY10: $136,775). Operating revenue is $8,783,598, an increase of 59% over the previous corresponding period (pcp). The high margin permanent placement income was 29% higher and contracting revenue 63% higher.

Increased profitability was due to an increase in permanent placement income and an increase in the market value of the Group’s investments in other listed entities.

HiTech remains profitable, with a strong balance sheet and no debt. HiTech continues to win new business and is increasing its client base steadily.

Outlook for FY2012

The outlook for FY2012 is positive and promising depending on the prevailing economic conditions at the time and the stock market fluctuations.

For the first quarter 2012, I am pleased to report that compared with the previous financial year’s corresponding quarter, operating revenue increased by 31% with an increase of 24% in high margin permanent placement income and a 32% increase in contracting income.

However, as a result of a fall in the stock market in late September and the resulting impact on HiTech investments in listed companies, NPAT, for the first quarter, was $130,350, a decrease of 43% compared with the pcp. Gross Profit increased by 14% to $546,643 compared to $477,997 in the pcp.

The prospects for the full financial year appear good depending on continuation of the current market conditions and a recovery in the Australian stock market.

Based on internal management accounts for the first quarter of FY2012, assuming

similar market conditions and a recovery in the Australian stock market, the Group’s expected NPAT for the full financial year will be in the range of $0.5 to $0.75 million.

The improvement in the ICT recruitment sector is crucial as there continues to be a shortage of good ICT candidates. There has been an increase in job vacancies.

We continue to diversify into non-ICT areas and have increased our client base. We continue to win new business on all levels.

To sum up, HiTech has improved revenue, remains profitable, resilient with a strong balance sheet, solid cash reserves and no debt as always.

We are determined to improve our results and will continue to do our best to improve overall performance and growth.

I thank you all for your support and commitment as shareholders, staff members, candidates, contractors and valued clients.

Ray Hazouri Chairman and Chief Executive Officer

21 October 2011

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