IT&e joins AiM

12 December 2006

IT&e Limited, a software solutions and consultancy services provider to the global banking sector, today announces the commencement of dealings of its Ordinary Shares on AiM, a market operated by the London Stock Exchange plc. Grant Thornton Corporate Finance, a division of Grant Thornton UK LLP, is acting as Nominated Adviser and HB Corporate, a division of Hoodless Brennan plc, is acting as Broker to the Company. The stock market EPIC is ITEL.L.

IT&e is a publicly listed Australian technology company that specialises in providing solutions to the Financial Services industry. IT&e is headquartered in Sydney and with offices in Melbourne, London, New York, and Chennai, India. IT&e’s staff are highly skilled team of specialists, providing technology services and risk consulting across the financial markets and risk management business areas.

IT&e offers flagship products, Razor™, PTX™ and Monarque™, to financial institutions. Razor enables organisations to effectively manage their credit and market risk management requirements. PTX enables on-line trading of over the counter securities across multiple asset classes. Monarque supports trading and treasury management at major banks and broking houses, and comprises modules designed to automate front-office functions. These products
are offered to the global marketplace.

Jim Maranis, Chief Executive of IT&e Limited, said: “We are delighted that the flotation of the Group has been completed successfully and we look forward to working with our new shareholders.
“IT&e’s flotation on AIM will enable us to develop our operations in Europe, where we are confident of building a strong client base. We are also excited by the prospects of gaining support from UK capital markets to enable us to exploit the growth potential in this sector.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development