2007 ASX Announcements

Date: 12 October 2007

Objective withdraws acquisition offer

As reported to the ASX on 19 September 2007, Objective has undertaken an extensive formal due diligence process on the possible acquisition of Avand Pty Limited.

As a result of undertaking and completing the due diligence process on the Avand business and its DataWorks technology over the past few months we wish to advise that Objective has formally withdrawn its offer to acquire Avand.

Objective understands that Technology One Limited (ASX: TNE) has made a higher offer for Avand. In light of our extensive due diligence, Objective has decided not to increase its offer.

We would like to thank the Avand people for the considerable time they have spent with us during this period of investigation. We also acknowledge the positive encouragement Objective has received from the Avand customers during this time.

While Objective will continue to review complementary acquisition opportunities, acquisitions will only be made when they add increased value for all stakeholders.

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