SERVICE STREAM LIMITED — M&A Activity 2006

Nov 7, 2006

ASX RELEASE - 8 November 2006

STR – TCI merger timetable – proposed offer by founding shareholders

Further the announcement by Service Stream Limited ("STR") and Total Communications Infrastructure Limited ("TCT") on 27 October 2006, TCI directors advise of a proposed meeting of members of TCI which is scheduled to take place on 18 December 2006 at 2.00 pm at The Grace Hotel, 77 York Street, Sydney NSW 2000.

The meeting is an integral part of the proposed merger between STR and TCI. The notice of the meeting is proposed to be dispatched next week.

As part of the merger process, the founding shareholders of TCI, James Cooney and Samantha Grant (who between them hold approximately 45 million shares in TCI) will be offering to shareholders whose address on the TCI share register is in Australia, 3 TCI Shares for every 20 TCI Shares held. The offer price will be \$0.87 per TCI Share.

The offer is subject to the merger proceeding.

Full details of the offer by the founding shareholders will be set out in the offer document and prospectus sent to TCI shareholders. Set out below is a summary of important dates in respect of the share offer:

Summary of Important Dates

Last day to acquire TCI shares with an entitlement to receive the offer from the founding shareholders $-$ "Ex" date	9 November 2006
Date to determine your Entitlement to TCI Shares	7pm (Sydney time) on 15 November 2006
Last day for acceptance and payment in full ("Closing Date")	5pm (Sydney time) on 15 December 2006
Expected date that Scheme becomes Effective and Acceptances become binding	20 December 2006
Expected date of transfer	28 December 2006

All dates are indicative only and may be subject to change. Any changes to the timetable will be announced through ASX.

For further information please contact Mark Stackpool (the Company CFO) at 9478 9999 or Stephe Wilks (the TCI Director with day-to-day carriage of the proposed merger) at 9226 9839.