Media Releases

GBST completes purchase of Palion broking business from OMX
(December 15, 2005)

GBST is pleased to announce the settlement of its acquisition of the Palion broking business from OMX Technology Australia Pty Ltd (“OMX”) for AUD$5.1 million.

As previously advised, the acquisition is expected to make an immediate positive contribution to cash flow and EBITDA, and the Directors of GBST expect the integrated business to make a strong contribution to EBITDA and EPS in its first full year.

“We have had an overwhelmingly positive response to the acquisition from the Palion customers that we have recently visited. There is definitely some strong interest in participating in the integration of the products” said GBST Chief Executive Officer, Mr Stephen Lake

Company Secretary of Bell Potter Securities, Gary Stranger said “As a long term user of both the GBST and Palion systems we see the planned integration of the two products as a great advancement in the efficient clearing and settlement of trades.”

“It is also great from a new business point of view to now have the opportunity to speak to those clients who do not currently use the GBST system. We hope to continue to build good relationships with these clients with a view to having more of our solutions operating in their businesses.” remarked Mr Lake.

GBST will update the market regarding our product integration plans for the GBST and Palion products in due course.

About GBST

Established in 1983 GBST (Global Banking and Securities Transactions) is the largest provider of securities transaction processing in Australia and a leading provider of transaction solutions for the financial services industry.

GBST’s core competence is real time integrated transaction processing which reduces costs and the need for and risks to capital for a wide variety of market participants, including: global investment banks, custodians, clearers, stockbrokers, exchanges, margin lenders, and cash management providers.

With offices in Brisbane, Sydney, and Melbourne, GBST has around 130 staff committed to providing advanced transaction solutions.

www.gbst.com

For Further Information Contact:

Stephen Lake
Managing Director/CEO
GBST Holdings Limited
Phone: + 61 7 3331 5555
Email: stephen.lake@gbst.com

Peter Ferguson
Head of Corporate Development
GBST Holdings Limited
Phone: + 61 7 3331 5555
Email: peter.ferguson@gbst.com