RECKON LIMITED — Capital/Financing Update 2012

Aug 30, 2012

==> picture [170 x 60] intentionally omitted <==

ASX Announcement 31 August 2012

Reckon consolidates its position in nQueue Billback USA and nQueue Billback UK

Following on from its announcement on 7 August 2012, Reckon Limited is pleased to announce that today it completed its agreement with nQueue Inc to acquire nQueue Inc’s minority shareholdings of 26% in nQueue Billback USA and 25% in nQueue Billback UK for US$5 million.

These businesses are now 100% owned within the Reckon group.

For further information, please contact :

Mr Clive Rabie Group CEO Reckon Limited

clive.rabie@reckon.com.au (02) 9577 5946

Mr Chris Hagglund Group CFO Reckon Limited

chris.hagglund@reckon.com.au (02) 9577 5414