SERVICE STREAM LIMITED — M&A Activity 2006

Dec 19, 2006

Service Stream Limited Level 12, Lonsdale StreetMelbourne, Victoria, 3001 PO Box 14570 Melbourne, Victoria 8001 www.servicestream.com.au

Tel: 61 3 9677 8888 Fax: 61 3 9677 8800 ABN: 58.008.027.978

ASX & Media Release

20 December 2006

Service Stream Lodges Court Orders

Service Stream Limited ("STR") today lodged with the Australian Securities and Investments Commission office copies of the orders by the Supreme Court of Victoria made pursuant to section 411 of the Corporations Act approving the Scheme of Arrangement ("Scheme') between STR and each of its ordinary shareholders to effect the merger with TCI, in accordance with the terms set out in the Scheme Booklet dated 24 October 2006.

In accordance with the timetable provided to shareholders in the Scheme Booklet, the Scheme will take effect upon lodgement of the orders with ASIC. Shares in STR will be suspended from trading on ASX at the close of trading today.

A copy of the Court Order approving the Scheme is enclosed.

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

Jo May Investors & Media, Alitum Partnership Tel: (61 3) 9200 7069

About Service Stream Limited (ASX - STR):

Service Stream is a public company listed on the Australian Stock Exchange (Code: STR) with annual revenues exceeding A$170 million. The company is an Australian owned and operated industrial services enterprise with a strong IT capability, proven outsourced field force management, technical support, customer assistance and asset management capabilities. Service Stream aims to generate superior retums 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 Total Communications Infrastructure Limited (ASX - TCI):

TCI is a public company listed on the Australian Stock Exchange with annual revenues exceeding A$75 million. Established in 1996, TCI provides project management services specialising in technology infrastructure deployment. The Company provides infrastructure deployment skills to the telecommunications industry, and increasingly to other diversified industries such as lifecycle management, renewable energy and water.

No 9193 of 2006

IN THE MATTER OF: Section 411 of The Corporations Act

and

IN THE MATTER OF: Service Stream Ltd (ABN 58 008 027 978)

Plaintiff

and

IN THE MATTER OF: A Proposed Scheme of Arrangement Between Service Stream Limited & Its Members

GENERAL FORM OF ORDER

Date of document	19 December 2006
Filed on behalf of:	The Plaintiff
Prepared by:	Solicitors Code: 8469
Mallesons Stephen Jaques	DX 101
50th Floor, Bourke Place	Telephone: 9643 4155
600 Bourke Street	Fax: 9643 5999
MELBOURNE VIC 3000	Ref: JXC:S Kinsey :03-5153-1954

JUDGE:	The Honourable Chief Justice Warren
DATE MADE:	19 December 2006
ORIGINATING PROCESS:	Originating process dated 13 October 2006
HOW OBTAINED:	Interlocutory process dated 14 December 2006
ATTENDANCE:	Mr P W Collinson of Senior Counsel and Mr S J
	Sharpley of counsel for the Plaintiff
OTHER MATTERS:	There has been produced to the Court a statement in
	writing by the Australian Securities and Investments
	Commission ("ASIC") stating that ASIC has no
	objection to the compromise or arrangement
	between the plaintiff and its members

$\ddot{}$

THE COURT ORDERS THAT:

• The scheme of arrangement between the Plaintiff and its members agreed to by the $\mathbf{I}$ said members at the meeting convened pursuant to the order of the Honourable Justice Dodds-Streeton on 27 October 2006 and held on 12 December 2006, a copy of which scheme is annexed to the interlocutory process filed on 14 December 2006 ("Scheme"), be and is hereby approved.
• $\overline{2}$ The Plaintiff be exempted from compliance with sub-section 411(11) of the Corporations Act 2001 in relation to the order referred to in paragraph 1 above.
• This order be prepared by the solicitors for the Plaintiff and signed by a Judge. $\overline{3}$

Dated: 19 December 2006

The Hono Arren