2001 ASX Announcements

Notice of Annual General Meeting

The annual general Meeting of Objective Corporation Limited will be held at Level 37, 100 Miller Street, North Sydney, at 9:30am on Wednesday 21 November 2001.

AGENDA

FINANCIAL REPORT, DIRECTORS' REPORT AND AUDIT REPORT

1. To receive and consider the financial report, including the director's declaration, for the year ended 30 June 2001 and the related directors' report and audit report.

APPOINTMENT OF DIRECTORS

2. To elect a director. Mr Tony Walls retires in accordance with the Constitution and, being eligible, offers himself for re-election.

3. To elect a director. Mr Scott Brown retires in accordance with the Constitution and, being eligible, offers himself for re-election.

DIRECTORS OPTIONS

4. To approve the issue of options to subscribe for shares in the Company to Mr Scott Brown on the following terms :

a) 100,000 options exercisable at 75 cents after 12 months of service and expiring 4 January 2006;

b) 150,000 options exercisable at 90 cents after 24 months of service and expiring 4 January 2006;

c) 250,000 options exercisable at 130 cents after 36 months of service and expiring 4 January 2006;

d) 250,000 options exercisable at 190 cents after 48 months of service and expiring 4 January 2006.

Mr Scott Brown is a director and company secretary of the Company. The proposed issue of options outlined above is in accordance with an employment contract between Mr Scott Brown and the Company. Mr Scott Brown or any associate of Mr Brown shall not vote on the resolution and any votes cast by Mr Brown or any associate of Mr Brown shall be not be included in determining the outcome of the resolution.

OTHER BUSINESS

5. To deal with any other business which may be brought forward in accordance with the Constitution and Corporations Act.

S Brown
DIRECTOR/SECRETARY