JCURVE SOLUTIONS LTD — Capital/Financing Update 2008

Mar 13, 2008

Stratatel Limited ABN 63 088 257 729

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Companies Announcement Office Australian Securities Exchange Level 10 20 Bond Street SYDNEY NSW 2000

Ground Floor 1 Atchison Street St Leonards NSW 2065

[T] +61 2 9467 9200 [F] +61 2 9467 9201 [W] stratatel.com.au

14 March 2008

ASX ANNOUNCEMENT

Stratatel Acquires the Assets of Phoneware Communication Systems Pty Ltd

Leading Asset and Expense Management provider, Stratatel Limited (ASX: STE), announced the acquisition of the assets of Phoneware Communications Systems Pty Ltd (a provider of telecommunications management solutions) for consideration of up to $2.5m; comprising $1.8m cash and $300k of shares in the company at settlement, plus up to $400k cash in 12 months, of which $200k is subject to specific client retention. The deal is subject to shareholder approval for a capital raising and other specific conditions.

Stratatel Ltd Managing Director, Mike Fairclough said, “The deal is in line with our strategic direction of pursuing acquisitions that have a similar business model to Stratatel, with solid recurrent revenue, is earnings accretive and has scope for domestic and international growth.”

Mr Fairclough added, “The Phoneware business is a well known provider of telecommunications management solutions and fits our objective of being the leading provider of asset and expense management and cost recovery solutions. Stratatel can assure Phoneware customers of an ongoing high standard of service and the ongoing development of feature rich solutions.

“This acquisition adds significantly to our base of recurrent revenue and takes our total number of corporate and government clients to approximately 1,500 providing excellent cross selling and marketing opportunities for further revenue and earnings uplift.”

Sirius Corporation Managing Director, Frank Licciardello said, “The Phoneware brand, products and services continue to be acknowledged in the market as leaders in the telecom expense management field. Phoneware customers will benefit from the strong research and development capability of Stratatel.”

Phoneware is expected to be Earnings Per Share accretive in its first full year under Stratatel ownership.

Having posted a strong half year pre-tax profit to 31/12/07 of $347k the company is set to substantially increase revenue and earnings growth in 2008 and beyond.

For further information please contact:

Mike Fairclough Managing Director Stratatel Limited Telephone: +61 2 9467 9200 Facsimile: +61 2 9467 9201

About Stratatel Limited

Stratatel is a public company listed on the Australian Securities Exchange (ASX: STE). The business of Stratatel was formed in 1997 to provide specialist independent telecommunications advice, brokerage and facilities management services to the corporate and government sectors.

Stratatel has developed unique and proprietary management systems that are designed to effectively and efficiently manage the cost and administration of assets and related expenditure.