Perpetual Limited — M&A Activity 2007

6 July 2007

Company Announcements Office Australian Stock Exchange Limited Level 6 Bridge Street Sydney NSW 2000

Dear Sirs.

Infochoice Limited (Infochoice)

Infochoice announces sale of National Lending Solutions assets to Perpetual

InfoChoice has entered into an asset sale deed to sell the mortgage processing assets of its wholly owned subsidiary, National Lending Solutions (NLS), to Perpetual Limited (Perpetual) for A\$3.5 million (before completion adjustments).

Completion of the transaction, which is expected to occur on 31 August 2007, remains subject to a number of conditions including the approval of Infochoice shareholders. A notice of meeting containing full details of the transaction is expected to be dispatched to shareholders in the next few weeks with a shareholder meeting to be held in late August 2007.

NLS & Infochoice

NLS is a provider of national mortgage processing services, based in Parramatta, employing approximately 80 staff.

The proposed divestment of the mortgage processing business would enable InfoChoice to focus resources on the core business. This would increase the capital base of Infochoice enabling it to further invest in its underlying technology and expand its market penetration.

Key terms of the transaction

InfoChoice Limited ACN 061 105 735 ABN 93 061 105 735 Level 12, 53 Martin Place, Sydney NSW 2000 PO Box R145, Royal Exchange NSW 1225 Ph 02 9247 6788 Fax 02 9247 6799 www.infochoice.com.au InfoChoice® is a reaistered trademark of InfoChoice Limited

• The sale is by way of a sale of the majority of the business assets of NLS, a wholly $\bullet$ owned subsidiary of Infochoice to Perpetual Mortgage Services Pty Limited, a wholly owned subsidiary of Perpetual Limited.
• The consideration for the acquisition is \$3.5 million (before taking into account $\bullet$ completion adjustments). \$3 million of the consideration is payable on completion. The balance of the consideration, \$500,000, is payable within 90 days of completion, subject to conditions related to the transfer of the business.
• The transaction remains subject to a number of conditions including approval of $\bullet$ Infochoice's shareholders, certain business transition tasks being completed as well as there being no material adverse change in respect of the business by completion.
• Usual warranties for a transaction of this nature have been provided by Infochoice.
• NLS has agreed to pay the buyer \$200,000, being a reasonable pre-estimate of its costs, should shareholder approval not be obtained or the transaction does not complete due to a breach of the agreement by NLS.

Infochoice will continue to keep the market informed of any substantive developments.

For further information, please contact:

Michael Noyce Director Infochoice Limited Mobile - 0416 245 655

Yours sincerely Salman Haq Company Secretary