SERVICE STREAM LIMITED — Capital/Financing Update 2007

Feb 1, 2007

Service Stream Solutions Pty Ltd Tel 61 3 9677 8888
Level 12, 555 Lonsdale Street Fax: 61 3 9677 8877 Level 12, 555 Lonsdale Street Melbourna, VIC 3000

ARME 48 072 389 870

ASX & Media Release

2 February 2007

Service Stream Limited signs Do Not Call Register contract

Australian telecommunications provider Service Stream Limited (ASX code: SSM) has signed a contract with the Australian Communications and Media Authority (ACMA) to build and operate the Do Not Call Reaister.

The Do Not Call Register, which will begin operating no later than May 2007, will allow individuals to register their home and mobile telephone numbers if they do not want to receive certain unsolicited telemarketing calls.

Service Stream was awarded the contract through a public tender process conducted late last year. A listed company on the Australian Stock Exchange, SSM is based in Melbourne and has a national workforce of 3000 people.

SSM will be responsible for building, commissioning, operating and administering the Register and handling complaints and enquiries about the Register's operation for an initial contracted term of 4 vears.

Commenting on the signing of the contract, Managing Director and Chief Executive Officer Mr. Patrick Flannigan said:

"Service Stream has positioned itself as one of Australia's leading service providers in the telecommunications field and the awarding of the Register demonstrates our broad turnkey capability".

"This project is strategically important for Service Stream. It is the first significant piece of Government work we have pitched for and potentially opens a new market for our services. The project will also attract significant profile, allowing us to further tell our story - which is very compelling - to a broader range of prospective clients."

"Over the past year, Service Stream has been implementing its strategic acquisition strategy, strengthening its revenue base and building the company's profile"

SSM partnered with independently-owned marketing agency Haystac in the tender process for the delivery of all marketing communications for the project. Haystac currently manages Australian Government public education campaigns for several agencies and Departments.

For further details contact:

Patrick Flannigan, Managing Director & Chief Executive Officer Service Stream Limited Tel: (61 3) 9677 8888

Michael Doery, Executive Director & Chief Financial Officer Service Stream Limited Tel: (61 3) 9677 8888

About Service Stream Limited:

Service Stream is a public company listed on the Australian Stock Exchange (Code: SSM) with annual revenues approaching A\$300 million. The company is an Australian owned and operated industrial services enterprise with proven outsourced field force management, technical support, customer assistance and asset management capabilities. Service Stream aims to generate superior returns for shareholders by leveraging its equipment installation and maintenance capabilities across a range of infrastructure based industries. For more information please visit the Company's website at www.servicestream.com.au.

About Havstac:

Haystac is an independently-owned boutique marketing consultancy. With offices in Melbourne and Sydney and a staff of 35, Haystac delivers marketing services to a range of Federal and State government agencies, including the Australian Electoral Commission, Department of Families, Community Services and Indigenous Affairs and Department of Communications Information Technology and the Arts. Commercial clients include: Mitre 10: Toyota: ANZ: Heinz: GlaxoSmithKline: Pacific Brands and EA Games. Further information can be found at www.haystac.com.au.