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Email: tszakacs@serviceworks.com.au

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TUE 23 AUG

Computershare acquires the Serviceworks Group Computershare (ASX: CPU) today announced that it has acquired the Serviceworks Group of businesses (SWG). Based in Melbourne, SWG comprises three businesses: Serviceworks Management - One of Australia’s fastest growing utilities service providers specialising in providing end-to-end customer management, solutions development and consulting services to the Australian utilities sector (electricity, gas and water). connectnow - Australia and New Zealand’s leading moving home services provider assisting over 120,000 customers each year to connect energy, water and telecoms services and arrange quotes for a variety of moving related services such as removals, car/truck hire, storage, insurance and cleaning. switchwise - Australia's leading online energy comparison and supplier switching service performing over half a million comparisons for customers each year to enable them to find more competitive deals on electricity and gas. In announcing the acquisitions, Computershare CEO Stuart Crosby said “We are thrilled to be able to join forces with the SWG. The alignment with our core competencies is attractive, as are the quality of the groups’ management and processes. But it is the opportunity to assist the group realise its significant growth potential that excites us the most.” “We see SWG as an exceptionally well positioned business to benefit from regulatory change in the markets for the services it provides, with strong organic growth potential as a result. As with all our businesses, we will also be on the look-out for value accretive acquisition opportunities to build on its footprint.” In announcing the acquisition, Serviceworks Management founder and Managing Director, Andrew Duncan, said: “This is a very exciting development for our Group. We have been working with Computershare for over 10 years and we recognised that they were the perfect partner to help us maximise the potential of each of our three business lines” “Computershare will provide a significant boost to our capacity to manage our rapid growth, assist us to develop the best possible services for our clients and to expand our business globally.” Client Benefits The acquisition combines each of SWG’s three business units into one powerful utilities service division within the Computershare Group and enables far greater leverage of the Group assets across connectnow and switchwise. The combination of Computershare’s global capabilities, transactional management skills and financial strength combined with Serviceworks’ specialist utilities knowledge and capability will result in a market leading and powerful combination.