JCURVE SOLUTIONS LTD — AGM Information 2011

Nov 2, 2011

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Stratatel FleetManager[®] for South African market, restructure of operating divisions, wins Deloitte Fast 50 award again

Highlights

• Message from Matthew Parry

• Stratatel included in Deloitte Technology Fast 50

• Notice of Annual General Meeting

• TEM: Major new carrier contract and new look for fl agship product

• Print Expense Management system on show at Legal Summit

• Services & Consulting: Review leads to refocus on service

• Q&A with John Slaiman, GM Channels & Major Business on Bill Reporting Contract with South African Telco

Upcoming Events

Annual General Meeting

24 November 2011, 10am EST Hilton Sydney, 488 George Street

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Company Update

November 2011

Dear Shareholder

I am pleased to be able to update you on your Company’s progress and provide thoughts on the short and medium term outlook.

As is the case for most companies, Stratatel has been operating in tough economic conditions. These conditions have seen new sales in the Company’s software and services division fall short of management’s expectations, despite our aggressive approach to sales and marketing. In parallel, and for some months, the Company has been investing in the set up and roll out of FleetManager[®] in South Africa. These factors together have resulted in a negative Group EBITDA to 31 October. The remainder of the year in terms of profi tability looks promising notwithstanding it is likely the Company will show a loss for the half year ended 31 December.

The disappointing sales and EBITDA results in the SW&S division made a restructure across all operating divisions of the Company necessary. This restructure focuses the Company on the Australian TEMs business (including Optus) and also the potential “game changing” bill reporting deal (FleetManager[®] ) in South Africa, where revenue generation has now commenced.

By contrast, the proprietary TEMs (Telephone Expense Management) and PEMs (Print Expense Management) divisions have proved resilient to date and respective sales pipelines are healthy. The SW&S division will consolidate and focus on clients and new business in WA and SA primarily whilst remaining alert to larger opportunities. In addition, the Company may also take the opportunity to make a change in its accounting policy for this division.

Combined these changes will result in reduced revenues but profi tability (EBITDA) should be enhanced in the second half of the year and beyond, particularly considering the substantial upside from the bill reporting deal struck in South Africa.

While there have been some challenges over recent months, we are confi dent that these have been overcome and as we move forward and focus on the opportunities – especially in our TEM business – we are back on the right path.

Kind regards, Matthew Parry, CEO Stratatel Limited

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November 2011

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Stratatel made Deloitte Technology Fast 50 List

For the second year running Stratatel has successfully made the winners list in the Deloitte Technology Fast 50 . The program, which is over a decade old in Australia, ranks the 50 fastest growing public or private technology companies, based on percentage revenue growth over three years.

CEO Matthew Parry will attend the awards ceremony in Sydney on Thursday, 17 November where the complete winners list, and Stratatel’s specifi c ranking, will be revealed. “The inclusion on the Deloitte Technology Fast 50 list is our ‘pat on the back’ for all the hard work we put into everything we do, and our focus on quality, continuous improvement, and building a great team, ” Matthew Parry said.

Several Australian media representatives have been invited and will be covering the event. Stratatel was ranked 25th in last year’s Deloitte Technology Fast 50 list.

Notice of Annual General Meeting

Notice is hereby given that the 2011 Annual General Meeting of Shareholders of Stratatel Limited will be held on 24 November 2011 at the Hilton, Sydney, New South Wales, commencing at 10.00am EST. All Stratatel Shareholders are cordially invited to attend the 2011 Annual General Meeting.

DATE OF MEETING: 24 November 2011 TIME OF MEETING: 10.00am EST PLACE OF MEETING: Hilton Sydney, 488 George Street

Agenda items include:

• Review of Company performance and outlook ahead presented by CEO Matthew Parry

• Financial and other reports: To receive and consider the Financial Report of the Company and the Reports of the Directors and the Auditor for the fi nancial year ended 30 June 2011.

• resolution as an ordinary resolution: “That the Remuneration Report for the fi nancial year ended 30 June 2011 be adopted.”

• Re-election of Directors: To re-elect as a Director, Ian A Macliver, who retires by rotation in

• accordance with Section 13.3 of the Company’s Constitution and ASX Listing Rule 14.4

• Resolution to approve a Performance Rights Plan: “That the Performance Rights Plan, and the

• issue of performance rights under that plan, be approved for all purposes.”

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November 2011

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The Company’s fl agship Telecommunications Expense Management (TEM) system, FleetManager[®] has been chosen by an American Telecommunications Carrier to provide bill reporting capability to an Australian manufacturing company. The mobile and fi xed line services are currently being established in the FleetManager[®] system. Stratatel is very excited at the prospect of rolling out this solution to other customers of the carrier in Australia and the Asia Pacifi c region.

The FleetManager[®] and CADS FleetManager systems have undergone a redesign to update the look of the product and improve useability. During the fi rst stage of the project the look of the product has been updated and early next year changes will be made to the features, layout and useability of the system. Clients have been very receptive to the new look of the product with one client commenting, “Just wanted to congratulate you, the new look is fantastic.”

Clients have also been sharing positive stories on the benefi ts that the FleetManager[®]

system has delivered to their business. Michelle Thompson, Purchasing Specialist at enterprise software developer SAP, explains: “In a one year period SAP have reduced their expenditure on mobile devices by more than 20%. For our company the three stand out benefi ts of the FleetManager[®] system are: helping the organisation to control and reduce costs; providing visibility to staff of their mobile phone usage (leading to changes in behaviour); and easier asset management.” Click here to download the full case study.

Print Expense Management system on show at Legal Summit

The Australian Legal Practice Management Association (ALPMA) Summit is a yearly conference for managing partners, lawyers and administrators working in a law practice. This year’s Summit was held in Melbourne on 16 and 17 September. As in previous years, Stratatel had an exhibition stand at the

“Stratatel understand the pressures on companies to have their support services working exceptionally well all the time. Stratatel’s support team is responsive and very easy to deal with.” Roberto Dettori, HopgoodGanim

Summit, and this year chose to have a joint presence with RBC. This exhibition partnership proved to be an excellent opportunity for the Company to demonstrate how softlog.follow&go works on a Ricoh Multi-Function-Device. Companies who implement a Print Expense Management solution like softlog.follow&go realise benefi ts ranging from reduced paper costs and wastage, to easing of IT administration, and greater security of confi dential information. One such company is HopgoodGanim. Roberto Dettori, IT Manager at the fi rm, highlights the major benefi ts their

company has seen. staff are using print technology to improve effi ciency and we have even less paper wastage than before.” Mr Dettori also had praise for Stratatel’s support team: “Stratatel understand the pressures on companies to have their support services working exceptionally well all the time. Stratatel’s support team is responsive and very easy to deal with.” Click here to download the full case study.

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A better way to communicate with You...

This Company Update is one of the ways that we share information, as well as providing announcements to the ASX and posting regular updates on our website at: stratatel.com.au

Providing the Company Update electronically reduces our cost of production, and helps the environment as well.

To register to receive further updates of the Company Update electronically please visit: stratatel.com.au/investors and follow the instructions provided.

Services & Consulting: Review leads to refocus on service

Between 2009/10 and 2010/11 what we previously called the Software & Services business unit grew by a strong 91% to revenues of $8.436k. This result is due to the combination of some small acquisitions in Western Australia and South Australia and investment in organic growth in the eastern states.

services provided to clients across the country have enabled us to build a depth of technical and consulting capability, however, the margins on the software offering were of questionable benefi t to Stratatel’s desire to build a profi table business. This situation was exacerbated by challenging economic conditions in selling new software opportunities in many areas around Australia.

A strategic decision was made to refocus this business unit to utilise our depth of capability in servicing customer software and application requirements. As a result of refocussing the business, the name of the business unit has also changed to Services & Consulting. The business unit is now leaner and while revenues are anticipated to fall in line with this strategy the business should be more profi table overall.

Services Spotlight:

The City of Perth Council has seen major improvements since partnering with Stratatel to implement Lotus Sametime. The team at Stratatel worked closely with the City of Perth team to deliver the integration of Sametime and Cisco VoIP.

results to date have been very pleasing. “Collaboration has been vastly improved by being able to see a person’s availability at a glance and the best way to reach them. Employees typically being collaborating via IM, and then escalate to voice and video as required. The Council has also achieved cost savings via using their IP network for calls, and using the Click-to-Conference function for ad hoc video conferences.”

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STRATATEL Q&A

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John Slaiman

GM Channels & Major Business

on Stratatel’s FleetManager[®] Bill Reporting contract with a South African Telco

Q: Can you tell us a bit more about the South African Telco?

A: This carrier is a multi-national telecommunications company with operations in over 20 countries in Africa and the Middle East providing voice, data and telemetry offerings and solutions to its customers in South Africa.

Q: Why is this win such an important step forward for the Company?

A: FleetManager[®] in the area of Telecommunication Expense Management systems. Secondly, it expands Stratatel’s footprint on the international market which will bring other similar opportunities. Thirdly, this win represents a game changing fi nancial opportunity for the Company.

Q: What were the key activities since the announcement?

A: systems to put into place. Ranging from changes to their billing system to the training of the helpdesk staff. Also, marketing materials and process manuals needed to be written. Most signifi cantly, the FleetManager[®] site needed to be reskinned to refl ect the carriers branding. This has now been completed.

Q: What has been the reaction from the South African Telco’s staff to the system?

A: Everyone that has seen the system has been very impressed. In particular the Sales Teams are very eager to roll this out to their customers as they can see that it will be of real benefi t to them and it is something they have been asking for.

A: pieces and teasers in newsletters, websites and customer statements.

Q: What are your expectations after the launch?

A: Following the soft launch a road show is planned to present the product to the Corporate Sales Team throughout South Africa. Several meetings have been scheduled with major Corporate customers. Whilst the initial focus has been on the mobile phone customers, we will now look to bringing along all of the fi xed line customers as well. Typically these are the large corporate customers like the banks and insurance companies.

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Security Details

Symbol: STE Last price (as at 19/10/11): $0.036 Issuer name: Stratatel Ltd FPO Shares on issue: 143,308,187

STE Daily Prices over 6 months

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Shareholder Information

Please contact Computershare Investor Services Pty Ltd to change your address, email or to sign up for electronic shareholder communication.

Computershare Investor Services Pty Ltd Level 2, Reserve Bank Building 45 St Georges Terrace Perth Western Australia 6000 Tel: +61 8 9323 2000 Fax: +61 8 9323 2033 Website: computershare.com.au

Corporate Information Directors

Mr Ian A Macliver Mr Michael J Fairclough Mr Graham A Baillie

Company Secretary

Chart of daily prices over 6 months for STE by ASX.

Ms Sarah Smith

Level 1, 1254 Hay Street West Perth WA 6005 Tel: +61 8 9212 4000 Fax: +61 8 9212 4001

Principal Place of Business

Level 4, 22 Atchison Street St Leonards NSW 2065 Tel: +61 2 9467 9200 Fax: +61 2 9467 9201

visit us at stratatel.com.au

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