2002 ASX Announcements

Objective Corporation advises preliminary results for year ended 30 June 2002

Objective Corporation Limited (ASX: OCL) today announced a preliminary analysis of its financial year (FY) results ended 30 June 2002.

Objective estimates revenue growth for FY 2002, will be a 45 per cent increase over FY 2001 results. The company will also report a profit for the full financial year.

The final quarter of FY 2002 saw Objective record its fourth consecutive quarter of positive cash flow.

On a regional basis, Objective's Asia Pacific operations continued to perform profitably and European operations improved substantially in the second half over first half results.

In addition to continuing to service its existing customer base, the company has added many new customers, both internationally and in Australia, to its portfolio during 2002. Mr Tony Walls, CEO Asia Pacific said, "The company remains deeply committed to delivering high value, high quality outcomes for its expanding customer base."

Objective increased its substantial investment in research and development during FY 2002 and also invested considerably in its customer support and project delivery capabilities.

The company anticipates substantial growth in both revenue and profitability for FY 2003.

Mr Walls said today's announcement is made to keep the market fully informed, following preliminary analysis of trading results. The company is not in a position to provide any further financial information until the completion of the financial audit. The company's audited results will be released toward the end of August 2002.