PRAEMIUM LIMITED — Board/Management Information 2011

Aug 7, 2011

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CHANGES TO THE BOARD AND THE APPOINTENT OF NEW CHIEF EXECUTIVE OFFICER

8 August 2011

Praemium Ltd (ASX:PPS) announces the following changes to the Board and senior management.

Resignation of Arthur Naoumidis as Group CEO and Director

The Board has accepted the resignation of Mr Arthur Naoumidis as Group Chief Executive Officer and as director of the Company with immediate effect. Mr Naoumidis is the Company's founder and he has continued as CEO since Praemium listed in 2006. Under his leadership, Praemium has developed market-leading technologies for delivering portfolio management services to a wide range of clients in the financial services industries, initially in Australia, subsequently in the United Kingdom and, recently, for marketing in various offshore jurisdictions.

With this suite of services now in place, and after bringing to the Board a detailed strategic review of opportunities facing the Company in Australia and the United Kingdom, Mr Naoumidis believes this to be an appropriate time for him to step down as CEO in support of the appointment of a suitably qualified successor. Mr Naoumidis will be retained as a consultant to assist his successor and the Board.

The Chairman, Dr Don Stammer, said "Mr Naoumidis is one of the most innovative figures in the IT segment of the Australian financial services industry. Our V-Wrap, SMARTwrap, separately managed accounts and discretionary platform services are greatly appreciated by clients. Mr Naoumidis has taken the Company from start up to a group administering AUD45.6 billion* of funds in Australia and with GBP283.3 million* of funds on its UK platforms."

"The Board acknowledges the contributions Mr Naoumidis has made to building the Company to where it is today and shares his view that this is a an appropriate time in Praemium's history for a change in CEO to be made."

Mr Naoumidis leaves Praemium proud of what the Company has achieved since founding it in 2001 and said “Praemium is poised at the threshold of a period of rapid growth with strong positions now in place in Australia, the UK and internationally (based in Jersey) offering services to growth markets. I believe it is time to pass the baton on for the next phase in Praemium’s development and growth and, as I remain the largest shareholder of Praemium, I look forward to participating in the benefits of the growth that lies ahead”.

Appointment of new Group CEO

The Board has selected Mr Michael Ohanessian as the Chief Executive Officer to lead the next phase in the Company's growth.

Mr Ohanessian's executive experience in technology-related businesses brings a mixture of operational, strategic and leadership capabilities to this role. Following a ten-year career at Mobil Oil, Mr Ohanessian joined the Boston Consulting Group where he consulted to clients in industries such as banking, airlines, mining, packaging, sports, oil and gas, retailing and biotechnology.

As the CEO of Vision BioSystems, a division of the publicly listed Vision Systems, he transformed the business over seven years from a small unprofitable contract manufacturer into a vertically integrated, profitable and growing medical diagnostics business with distribution to over 60 countries. More recently, he has served as Chief Executive of Genetic Technologies Limited and has been involved in investment mangement and corporate advice with Lion Capital.

As CEO, Mr Ohanessian will work particularly closely with our UK team to expand our presence in the burgeoning market for financial services in the United Kingdom.

Appointment of non executive director

Praemium is pleased to announce that Mr Bruce Parncutt will join the board as a non-executive director. His career spans over 30 years in investment management, investment banking and stockbroking, including seven years as Chief Executive of listed securities firm McIntosh Securities and three years as Senior Vice President of Merrill Lynch. Mr Parncutt brings to the Board his extensive experience as a senior executive and director in the financial services industry as well as a non-executive director, including as a director of Australian Stock Exchange Limited.

Appointment of corporate adviser

As a result of the strategic review, Praemium has appointed Gresham Advisory Partners Limited as corporate adviser, to advise on a range of opportunities available for the future growth of the Group including assisting in identifying opportunities to take in a strategic investor. Gresham is a leading Australian investment and advisory house.

The Chairman, Dr Stammer, said "Praemium is proud of the range of the services it offers. The changes we're announcing today position the Company well to participate strongly in the growth of the three markets in which we now operate and to become a major player in the provision of portfolio services and investment platforms."

For further information, contact Dr Don Stammer on +61419221007

About Praemium : Praemium Ltd (ASX:PPS) is one of Australia’s leading suppliers of online financial portfolio administration and Separately Managed Account (SMA) technology, administering in excess of AUD 46billion-FUA* of assets in Australia and with more than £244million-UK FOP* in funds on the platforms it operates in the UK. Praemium currently provides services to approximately 500* financial institutions and intermediaries, including some of the world’s largest financial institutions.

*As at 30 June 2011