JCURVE SOLUTIONS LTD — Capital/Financing Update 2012

Dec 20, 2012

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

21 December 2012

Manager of Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001

By E‐Lodgement

Sale of Print Expense Management (PEM’s) Division

Stratatel Limited (ASX: STE) announces that it has today entered into an Agreement to sell its Print Expense Management (PEM’s) division currently owned by the Company’s 100% owned subsidiary Softlog Systems Pty Ltd (Seller), to Recovery Australia Solutions Pty Ltd (Purchaser).

The cash purchase price under the Agreement is $227,000. In addition to the purchase price, the seller retains debtors of $230,000 and unearned income of $470,000 for pre‐paid maintenance support invoiced in advance. The net cash payable under the agreement of $227,000 will be paid as follows:

• i. $100,000 was paid on signing of the Agreement;

• ii. $100,000 will be paid on the Completion Date; and

• iii. Balance of the Purchase Price, being $27,000, on completion of certain handover services.

The Purchaser has completed their due diligence investigations and completion of the Agreement will take place on 2 January 2013 subject to certain conditions precedent which the parties expect to be fulfilled.

For and on behalf of the Board

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Graham Baillie Chairman

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