Bravura Solutions Limited reported audited consolidated and parent entity earnings results for the year ended June 30, 2009. For the year, the consolidated revenue from operating activities was AUD 135.1 million against AUD 136.2 million a year ago. Profit before income tax was AUD 671,000 against AUD 2.8 million a year ago. Profit attributable to members of the company was AUD 1.6 million or 1.15 cents diluted per share against AUD 1.56 million or 1.1 cents diluted per share a year ago. Net cash inflow from operating activities was AUD 12.8 million against AUD 5.2 million a year ago. Payments for property, plant and equipment was AUD 1.7 million against AUD 8.8 million a year ago. Net profit before tax was AUD 0.7 million, a decline of AUD 2.1 million primarily driven by AUD 9.3 million of one-off items. The main one-off items were acquisition integration costs of AUD 2.9 million, restructuring costs of AUD 2.0 million, foundation client investment costs of AUD 2.0 million and a bad debt provision for disputed items of AUD 2.4 million. Net profit after tax was in line with FY2008 at AUD 1.6 million, due to a AUD 1.0 million tax credit in the year. The main drivers of the FY2009 tax credit were additional R&D tax concession claims and the revisiting of deductions made in overseas subsidiaries. The company will continue to actively monitor effective tax rate, but expect future tax charges to return to more normal levels. For the year, the parent entity's revenue from operating activities was AUD 49.9 million against AUD 53 million a year ago. Loss before income tax was AUD 1.8 million against profit before income tax of AUD 1.3 million a year ago. Loss attributable to members of the company was AUD 427,000 against profit attributable to members of the company of AUD 1.8 million a year ago. Net cash inflow from operating activities was AUD 14.5 million against net cash outflow from operating activities AUD 5.4 million a year ago. Payments for property, plant and equipment was AUD 407,000 against AUD 780,000 a year ago.

Bravura Solutions Limited, Annual General Meeting, Nov 20, 2009, at 11:00 EAST-East Australian Standard GST. Location: Minter Ellison lawyers, Aurora Place, 88 Phillip Street, Sydney, Australia. Agenda: To consider the financial report, directors' report and auditor's report of company for the year ended 30 June 2009; to approve the remuneration report; to approve the election of directors; to transact any other business which may legally be brought before the meeting.

Bravura Solutions Limited has further strengthened its EMEA operations with a key new appointment. Mr. Thierry Logier has been appointed as Executive Director, Luxembourg, and will report to Tony Klim, Bravura's CEO for the EMEA region. Before joining Bravura, Mr. Logier spent the last four years at Royal Bank of Scotland in Luxembourg, as Director, Head of Sales and Marketing. In this role, he defined and implemented the sales and marketing strategy, and was very successful in building a large and diversified client portfolio.