43-53-44 chart..anncmt..twice shy??

or completely Paranoid of this stock
ASX Announcement
16.01 friday
14 October 2005

POWERLAN AGREES TO SALE OF FINANCIALBPO PTY LTD
TO COMPUTERSHARE


Powerlan Limited (ASX: PWR) announced today it had reached agreement with
Computershare Limited (ASX: CPU) for the sale of Powerlan’s subsidiary FinancialBPO Pty
Ltd.

This is further to the announcement made 4 August which indicated that Powerlan had
entered into an exclusive due diligence period with Computershare which would lead to the
divestment of FinancialBPO.

Computershare will pay $9.5 million cash on settlement and issue 1 million Computershare
options with an exercise price of $6.15 with a five year exercise period. Subject to satisfaction
of conditions precedent typical of transactions of this type, completion is expected by 31
October 2005.

About Powerlan
Sydney-based, Powerlan Limited (ASX: PWR) provides specialist information technology products and
services, business process outsourcing and infrastructure support through seven operating divisions: Business Innovations, Powerlan’s R&D division, provides leading edge general IT
consulting and custom application development services. Clarity (www.clarity.com) offers carrier-grade Operational Support Systems and Network
Management Systems software solutions for telcos and enterprises. ConverterTechnology (www. convertertechnology.com) offers specialist services and
innovative technologies to help clients migrate files across incompatible desktop
applications, particularly Microsoft Office. FinancialBPO (www.financialbpo.com) provides back office business process outsourcing
for the financial services sector. Garradin (www.garradin.com) offers integrated software solutions aimed at investment
managers and administration platforms. IMX (www.imxsoftware.com) offers software solutions focused on travel money and foreign
exchange. BizTech Outsource (www.biztechoutsource.com) provides business technology related
managed services such as IT infrastructure management, IT security, application hosting,
and communications.
Except for Business Innovations, a business unit within Powerlan Limited, all other divisions are
incorporated and operate as self contained companies.