26th September 2016

Iress has announced today the $90m acquisition of Financial Synergy to be funded from an Institutional Placement and a non-underwritten share purchase plan. The Institutional Placement is for approximately 7.49m shares to raise around$85m. The non-underwritten SPP for eligible retail shareholders will be capped at $20m, with Iress reserving the right to scale back applications.

Shares will be issued at a price of $11.35, which represents a 4.5% discount to the closing price on 23rd September 2016.

Financial Synergy is an established software solution provider to the superannuation industry.

Goldman Sachs Australia is the Sole Lead Manager, and Sole Underwriter of the Placement.

For further details, see www.iress.com