PRAEMIUM LIMITED — AGM Information 2008

Nov 9, 2008

Praemium Limited AGM

10 November 2008

Please see the attached presentation to be given by Praemium's Chairman and Group CEO at the Company's AGM to be held at 11am this morning.

A Boardroom Radio Broadcast with audio recorded at today's meeting will be released tomorrow.

About Præmium: Præmium supplies online portfolio administration services (V-Wrap), market data (p-Desktop) and Separately Managed Account (SMA) technology to wealth managers, financial planners, accountants, stockbrokers and SMSF administrators. V-Wrap currently administers in excess of $29bn.

For further information contact:

Arthur Naoumidis Group Managing Director Praemium Limited: +613 8622 1222

ANNUAL GENERAL MEETING

10 November 2008

Agenda

• Chairman's Report
• Group CEO's Report
• Business of the Meeting- Financial Report
  • -Election of Directors
  • -Remuneration Report
  • -Ratification of Shares Issued
  • -Amendment to the Constitution
  • -Directors and Employees Benefits Plan
• Any Other Business

Chairman's ReportDon Stammer

We are specialists in the provision of portfolio management services to accountants, financial planners, stockbrokers, SMSFs and large institutions.

Our strategy is to continue to expand our market share in Australia and to become a significant player also in the United Kingdom.

Chairman's ReportKey achievements: Australia

• Increased the penetration of V-Wrap already widely used and now the largest investment administration platform for SMSFs in the market
• Deployed p-Desktop – including the first use of its trading functionality
• Consolidated our market-leading position for the SMA

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Chairman's ReportKey Achievements: UK

Established key partnerships in the UK

• Secured regulatory approval for SMARTfund
• Since June 08:
  • Have signed with 4 firms to launch & brand their own SMARTfunds
  • Launched OBSR risk-based funds on 1 November 2008

SMARTfund now launched in UK6

Chairman's ReportKey Financial Details

• FY08
  • Operating revenue of $6.78m (+52% on FY07)
  • Net loss for the group of $10.69m
  • Capital raising of $8m in May
• FY09 Q1
  • Net receipts from clients of $1.824m (+32% on FY08 Q1)
  • Announced increase in fees from 1 November
  • Cash of $10.49m end quarter
• No debt; and all establishment costs expensed

Chairman's ReportLooking Ahead

• Our strengths
  • Leading-edge technologies
  • Expanding revenue streams
  • Each service is a low cost solution in its own segment
• Scale provides opportunity to increase revenue
  • Cost of supplying services are largely fixed with small variable component
• In the United Kingdom, interest in our products is strong despite the difficult market conditions

Good growth prospects despite difficult market conditions8

Chairman's ReportOur Goals for the Next Year

• To achieve strong growth in revenues from:
  • further developing our V-Wrap, SMA and p-Desktop businesses in Australia
  • forward sales of selected services
  • adding clients and build up of FUM in the UK
• To maintain tight control on costs

Group CEO's ReportArthur Naoumidis

Measures	Atsa30S08tep	h%cangeisnce30S07tep
bfNSimeoecesurrv	804	↑23%
fCdliPitttommeooosr	39103,	↑%55
dddiiiFAttunsunermnsraon	$b297n	↑6%
b/RSQEteeneepemevur	$k9154,	↑8%4

Highlights since last AGM:

dhlAPIIisgaaseerv	N07ov
khf3%SMSFtmaesaeosrr	bF07e
llhiiiMLEAttencqessrryuu	08Jnu
fdiiSUtneonevrsyyy	08Jnu

V-Wrap continues to increase its footprint

VWrap-	'06FY	'08FY
dflCiPitttommeoroos	15831,	37040,
	('0)00	('0)00
Revenue	$2502,	$5996,	0%14
iDttreccoss	$2351,	$3238,	iiVWncreasenrap-inn
ddkLEMDttessxpaneareaa		$364-	reveuesce30J2006une
OiCttperangoss	$2513,	$2874,	%14
iGMrossargn	$11-	$3221,	iiVWncreasenrap-i
			ttoperangcossi30J2006snceune

V-Wrap revenues growing 10 x faster than operating costs

Committed Portfolios

Consistent growth

Looking forward

• -Increase market penetration
• -Expand footprint in SMSF market
• -Expand institutional opportunities
• -Launch multi-currency/multi-exchange
• • Add functionality to attract fund manager operations

07/08 highlights

Looking forward

• -Increase penetration into broker market
• -Continue deployment of trading capability
• • Add functionality to attract fund manager operations

Range of revenue opportunities available from p-Desktop

As at 30 Jun 08:

-143 wholesale signups (up from 57 in Jun 07)

-$338m funds under management

• BlackRock/Præmium SMA named top SMA product
  • -Strongest online functionality
  • -Full online account set up, maintenance and inspecie transfers
  • -Flexible rebalancing routines and customisations
  • -Includes uploading tax lot information
  • -Largest investment choice
  • -White labeling
  • -High integration capability

*Source: Investment Trends Pty Limited. SMA Benchmarking and Technology Report Dec 2007

BlackRock/Praemium SMA named best product19

• BlackRock exclusivity period ended 8 Nov 08
• Appetite and demand for SMAs still growing
• Intentions post exclusivity:
  • • Secure relatively small number of licences with key distributors
  • -Material minimums will apply

• Fully operational offices, technology and staff
• Establishment of distribution partners
• Regulatory approvals in place
• HSBC appointed Trustee
• 4 agreements in place to launch branded SMARTfunds
• Launched SMARTfunds on 1st November 2008

Revenue model

• Flagship offering in the UK market
• Our role is the UK equivalent of Operator
• 50 basis points entry fee
• 25 basis points ongoing

• £100 200 per portfolio
• OperatingCosts
• Very scalable offerings
• Current costs (approx $10-12m pa) indicative of future

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Outlook for 08-09

Australia

• 20% price increase for V-Wrap effective 1 Nov 08
• Market volatility focuses attention on low-cost solutions
• SMA exclusivity period ended 8 Nov 08

United Kingdom

• SMARTfund launched with strong market interest
• Working with distribution partners to launch adviserbranded SMARTfunds

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Questions

Business of the Meeting

Consideration of Accounts and Reports

To receive the Financial Report, Directors' Report and Independent Auditor's Report for Præmium and its controlled entities for the year ended 30 June 2008

(No vote required)

To consider, and if thought fit, to pass the following ordinary resolution:

1A. That Dr Donald William Stammer, who retires by rotation, is re-elected as a director of Praemium Limited

Resolution 1A

To re-elect Donald William Stammer as a director

• –For 83,708,323 (94.80%)
• –
• –
• –

Open 4,581,518 (5.19%) Against 7,500 (0.01%) Abstain 1,600,500

To re-elect Donald William Stammer as a director

To consider, and if thought fit, to pass the following ordinary resolution:

1B. That Mr Robert Edgley, who retires by rotation, is re-elected as a director of Praemium Limited

Resolution 1B

To re-elect Robert Edgley as a director

• –
• –
• –
• –

For 83,688,323 (94.80%) Open 4,581,518 (5.19%) Against 7,500 (0.01%) Abstain 1,620,500

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To re-elect Robert Edgley as a director

To consider, and if thought fit, to pass the following ordinary resolution:

That the Remuneration Report for the financial year ended 30 June 2008 (set out in the 2008 Annual Report) be adopted.

Non-binding vote

Resolution 2

To adopt the Remuneration Report

• –
• –
• –
• –

For 57,472,019 (70.63%) Open 4,581,518 (5.63%) Against 19,318,313 (23.74%) Abstain 8,525,991

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That the Remuneration Report be adopted

Ratification of Shares IssuedResolution 3

To consider, and if thought fit, to pass the following ordinary resolution:

That, for the purposes of ASX Listing Rule 7.4, andfor all other purposes, the Company ratifies the issue of 20,000,000 shares to institutional investors at $0.40 per share on 29 May 2008 on the terms described in the Explanatory Statement which formed part of the Notice of Meeting.

(Voting restrictions apply in respect to this resolution)

Ratification of Shares IssuedProxy Votes

Resolution 3To ratify the issue of shares

• –
• –
• –
• –

For 57,517,272 (80.01%) Open 14,216,618 (19.78%) Against 156,189 (0.22%) Abstain 350,000

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Ratification of Shares IssuedResolution 3

That the Company ratifies the issue of shares

(Voting restrictions apply in respect to this resolution)

To consider, and if thought fit, to pass the following special resolution:

That, in accordance with section 136(2) of the Corporations Act 2001 (Cth), the Constitution of Praemium Limited is amended in the manner set out in Annexure A to the Notice of General Meeting.

Amendment to the ConstitutionResolution 4

Resolution 4

To approve the amendment to the Constitution

• –For 85,032,743 (94.59%)
• –
• –
• –

Open 4,796,618 (5.34%) Against 62,080 (0.07%) Abstain 6,000

Amendment to the ConstitutionResolution 4

That the amendment to the Constitution is approved.

Approval of Praemium Directors and Employee Benefits PlanResolution 5

To consider, and if thought fit, to pass the following ordinary resolution:

That, for the purposes of Exception 9 of ASX Listing Rule 7.2, section 260C of the Corporations Act 2001 (Cth), and for all other purposes, approval is hereby given for all securities granted under the "Praemium Directors and Employee Benefits Plan" which is constituted and administered in accordance with the Terms and Conditions of the Praemium limited Praemium Directors and Employee Benefits Plan which are tabled by the Chairman at the Meeting an marked "A" for identification purposes.

(Voting restrictions apply in respect to this resolution)

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Approval of Praemium Directors and Employee Benefits PlanResolution 5

Resolution 5

To approve the Praemium Directors and Employee Benefits Plan

• –For 23,425,296 (55.49%)
• –
• –
• –

Open 3,137,118 (7.43%) Against 15,651,446 (37.08%) Abstain 8,402,158

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Approval of Praemium Directors and Employee Benefits PlanResolution 5

That the Praemium Directors and Employee Benefits Plan is approved.

(Voting restrictions apply in respect to this resolution)

Any Other Business

ANNUAL GENERAL MEETING

10 November 2008

Praemium LtdLevel 1406 Collins StreetMelbourne Victoria 3000 Australiawww.praemium.com.au