JCURVE SOLUTIONS LTD — Capital/Financing Update 2011

Nov 15, 2011

Stratatel Limited ABN 63 088 257 729

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Level 4 22 Atchison Street St Leonards NSW 2065

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

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

16 November 2011

By E‐Lodgement

STRATATEL TO RAISE ADDITIONAL CAPITAL TO FUND GROWTH

Stratatel Limited (ASX: STE) is pleased to announce it intends to offer shareholders the opportunity to subscribe for additional shares at 2.5 cents per share pursuant to a pro‐rata non‐renounceable entitlement issue to raise approximately $1.194million before issue costs ( Entitlement Issue ).

The proceeds of the Entitlement Issue will be utilised to further develop the Company’s flagship telco bill reporting system FleetManager to meet the requirements of our clients and partners within Australia and overseas. In addition the funds will be used to provide working capital in relation to the opportunity in South Africa.

Under the Entitlement Issue, shareholders will be able to subscribe for additional shares at 2.5 cents per share on the basis of 1 New Shares for every 3 Shares held at the record date of Thursday 24 November 2011.

The Entitlement Issue has been fully underwritten by Patersons Securities. Mr Ian Macliver, a Director of the Company has agreed to sub‐underwrite a total of $50,000 of the Entitlement Issue.

Yours Sincerely

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Sarah Smith Company Secretary

An indicative Entitlement Issue timetable is outlined below.

An indicative Entitlement Issue timetable is outlined below.	An indicative Entitlement Issue timetable is outlined below.
Indicative Timetable
Event	Date
Offer Document lodged with ASIC and ASX	16 November 2011
‘Ex’ Date*	18 November 2011
Record Date for determiningentitlements*	24 November 2011
Dispatch of Offer Document to Shareholders	25 November 2011
ClosingDate**	9 December 2011
Dispatch of HoldingStatements	19 December 2011

These dates are indicative only and may, subject to the requirements of the Listing Rules and the Corporations Act, be changed without notice.

* Shareholders should consult their brokers or professional advisors in regards to the definition of Record Date and ‘Ex’ Date to ensure that their entitlement to participate in the Offer is assured.

** The Directors reserve the right to vary the Closing Date, which may have a consequential effect on other dates. The Directors may extend the Closing Date by giving at least 6 Business Days notice to ASX prior to the Closing Date. As such, the date the New Shares are expected to commence trading on ASX may vary.