IGNITE LIMITED — Interim / Quarterly Report 2014

Feb 18, 2014

==> picture [98 x 42] intentionally omitted <==

ABN 43 002 724 334

Level 9, 1 York Street Sydney NSW 2000

t. 02 9250 8100

e. feedback@clarius.com.au

www.clarius.com.au

ASX ANNOUNCEMENT

Tuesday 18 February 2014

Clarius Group Limited Results Announcement for the Half Year Ended 31 December 2013

Clarius Group Limited today released results for the half year ended 31 December 2013. In line with the guidance released on 4 December 2013 an operating loss after tax of $1.481m was reported. This result reflected the continued challenging trading conditions in the employment market and the impact of the contraction of demand in the contracting space. There was little positive impact from the federal election as at the end of December 2013 and lack of hiring in the federal government sector has also had a negative impact on results for the period.

Although conditions continued to decline in the Australian market, improvements in both New Zealand and China have contributed positively to the result for the half and are set to continue to grow into the second half of 2014. There was some growth in the JAV IT services business, which showed strong signs of improved demand in the latter part of the first half and this has also flowed into the second half with January and February to date delivering solid demand and conversion rates.

In the early stages of the second half, we have also seen some improvement in the local market conditions in Australia, particularly in respect to demand for contractors.

There were further restructuring costs during the first half, and there is a continued focus on cost containment in the businesses that have shown continued difficult trading conditions. Additional investment in growth markets is resulting in solid results from these regions. China has finished the first half profitably and is expected to improve its performance in the second half of 2014.

The systems integration project launched in 2013 is progressing well and we are starting to see some benefits from the increased efficiencies provided. This will provide greater scalability as the contracting market improves. Further focus on technology platforms in the second half of 2014 will also provide positive opportunities for expansion of service offering as well as greater efficiencies for the business.

==> picture [545 x 41] intentionally omitted <==

Operating cash flow was positive despite the trading loss, due to a refund of income tax in Australia and continued focus on cash collections and expense payment management.

The Board has resolved not to pay an interim dividend.

SHAREHOLDER AND ANALYST ENQUIRIES

CONTACT:

Clarius Group Kym Quick Anne Bastock Managing Director Chief Financial Officer P (02) 9250 8100 P (02) 9250 8100

==> picture [545 x 42] intentionally omitted <==