IRESS LIMITED — AGM Information 2013

May 1, 2013

2 May 2013

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The Manager Company Announcements Office Australian Stock Exchange Exchange Centre, 20 Bridge Street SYDNEY NSW 2000

ELECTRONIC LODGEMENT

Dear Sir or Madam,

Chairman’s Address 2013 Annual General Meeting

Please find attached a copy of an address to be given by the Chairman at this morning’s Annual General meeting of the Company.

Sincerely

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PETER FERGUSON Company Secretary

IRESS Limited A.B.N. 47 060 313 359

Corporate Office: Level 18, 385 Bourke Street Melbourne Vic Australia Tel: (03) 9018 5800 Fax (03) 9018 5844

Sydney Office: Suite 4, 14 Martin Place Sydney NSW Australia Tel: (02) 8273 7000

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’ s IRESS 2013 Annual General Meeting Chairman Address to Shareholders[1]

Introduction

The challenging environment the company faced in 2011 largely continued into 2012 with weak and in some cases deteriorating financial markets conditions but some improvement in wealth management conditions. In this context we believe the company has performed quite strongly with our established businesses showing their resilience and some exciting progress with our investments for future growth. Underlying group profit fell 9% to $54.3m on flat operating revenue of $207m.

• Excluding organic investments in the UK and Asia, segment profit fell 1.8% and underlying group profit fell 3.9% to $59.5m.

• Net investments in growth initiatives were $6.9m or 3.3% of group revenue.

• The high Australian dollar impacted South African contributions.

• Dividends were unchanged from 2011. Dividends were franked at 90% in 2012 compared to 85.6% in 2011.

• The company’s balance sheet remains very strong with no debt and free cash on hand of around $30m.

Financial Markets: Australia / New Zealand

• Financial Markets Australia and New Zealand, our largest business, held up exceptionally well given the headcount reductions and general cost cutting in retail broking and the institutional sell and buy sides. Revenue was flat with controlled cost increases giving a segment profit fall of 3.7%.

1 Presented at the Annual General Meeting held at IRESS Limited's office at 18/385 Bourke Street Melbourne at 11.30 on 2 May 2013.

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• These results in such a difficult year highlight the breadth of our product offering with demand for IOS+, IPS and retail online solutions helping offset the impact of headcount decline.

• Trading venue competition has continued to produce revenue opportunities although these have been less than expected given market conditions and diluted regulatory obligations.

• Trading into 2013 has so far been similar to 2012 with continued headcount reductions largely offsetting new product implementations.

Canada

• In contrast to the ANZ financial markets business, our Canadian operation lacks breadth and diversification of both product offering and client base. This has left us highly correlated to sell-side broking which is clearly the most challenged of the business segments we service.

• Our clients in Canada have continued to experience declining conditions and financial stress which has triggered headcount reduction and significant pricing and competitive pressure.

• The result has been a disappointing revenue decline of 9.1% in CAD and a segment profit decline of nearly 23% in CAD. Further, the built in reduction of recurring revenue over 2012 will see flat revenue through 2013 still produce a similar year-on-year decline.

• Despite the result we remain optimistic about the potential in Canada and aside from ongoing investment in trading solutions for the existing client base our focus is to diversify revenue sources by developing opportunities in market data, retail online and private wealth management. Seed clients are in place for many of these initiatives however revenue in the short term will be insufficient to offset the inbuilt decline.

Wealth Management Australia

• An excellent result for 2012 particularly given the environment with revenue up 9.7% and segment profit up 15.2%.

• Regulatory changes are driving technology and solution demand, particularly integrated remuneration management. Specifically FoFA compliance is pushing implementations across the client base.

• In general the XPLAN suite continues to reinforce its position as the leading solution for both institutions and independent advisers. Features, independence and international experience are the differentiating characteristics.

• Trading to date into 2013 has seen broad based revenue growth at similar levels to 2012.

South Africa

• Combined business revenue in South Africa increased by 13.4% in ZAR terms from 2011. Segment profit in ZAR was flat given investment to implement platform infrastructure. This investment is already leading to new product opportunities and revenue growth.

• In financial markets the IRESS Pro desktop product, combined with international market data and trading access is proving a key differentiator alongside the existing Peresys product suite.

• In private wealth management important upgrades are progressing which offer additional functionality and efficiency. New opportunities emerging from our unique capability across financial markets and wealth management.

• Regulatory anticipation in South Africa is high given global trends and will likely impact South Africa at some point. The XPLAN suite is uniquely placed to meet this demand.

Investment Businesses

• IRESS UK commenced operations when Sesame Bankhall Group selected XPLAN as its strategic advice technology in late 2011. Following an intensive localisation effort rollout commenced in July and was well received.

• Early this year Towry, one of the largest high net worth advice specialists, also selected XPLAN as its core advice platform further highlighting the completive strengths of XPLAN in the UK.

• Based on these successes we continue to see a healthy pipeline of opportunities stimulated by the need for integration, efficient advice and effective oversight that is required by the new RDR regulations.

• Material revenue contribution from the UK will commence in 2013 as implementations progress. At this stage the expected loss during this establishment phase remains capped at $5m per annum. However investment levels are reviewed regularly and will be adjusted if opportunities exist to accelerate medium term revenue growth.

• Our Asian investment business, while small, has made useful progress in 2012.

o A majority of Singapore brokers now use our CFD platform.

• Increasingly clients take a regional approach and our emerging capability in Asia supports our client base in Australia and vice versa.

• A reduced net loss in 2013 is expected with revenue growth on a fixed cost base.

• We remain confident in medium term growth opportunities and are open to acquisitions in the region.

Outlook

Turning to the outlook for 2013 we expect, in the short term at least, similar conditions to 2012. In financial markets, headcount reductions and cost cutting are continuing perhaps at a slightly reduced level but challenges to financial stability in Europe and North America loom as risks. However in wealth management demand for technology solutions driven by regulatory requirements will continue to be a significant factor boosting growth potential in our established markets and providing a catalyst for change in new markets.

Overall we expect a further reduction in segment profit in 2013 but at a reduced rate compared to 2012. Particular products and client segments have been and will continue to present opportunities for revenue growth but these will be likely offset by headcount reductions and cost cutting in other areas. Part of the further reduction is “inbuilt” with the subscription revenue declines that occurred across last year being expressed for the full twelve months of 2013.

Behind these expected results we believe the company will continue to make significant strategic progress in 2013 that will support revenue and profit growth in the medium terms. Most notably our emerging UK wealth management business has a heavy implementation schedule for the existing large seed clients and a very strong pipeline of prospects. Based on a very successful start we are confident of the company’s potential to build a significant business in the UK and we are open to further investment both organic and by acquisition where appropriate. In Asia we expect to make modest but important steps particularly in Singapore financial markets and in Canada implementation of seed clients supporting revenue diversification is a key 2013 goal.

In summary the company continues to have a strong financial position with no debt and core businesses generating stable with healthy profits and cash flow. Growth in 2013 will be weak but the relatively modest declines in our mature businesses demonstrate their resilience in absolute terms and when compared to sector peers. In due course operating conditions will turn and this, combined with the strategic decisions and investments we are making now should provide a sound basis for medium term growth.

External conditions aside, our strengths as a company are due to the support of our clients and the efforts of our staff. As a technology driven company with few physical assets, human resources are paramount and the board

expresses its appreciation to our Managing Director Andrew Walsh and the sustained efforts of his team.

Peter Dunai

Chairman

2 May 2013

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