Press Release - International Banking Group

CommSecure wins major consulting contract with international banking group

April 21, 2004

SYDNEY, AUSTRALIA - CommSecure (ASX:CMS) has won a major consulting and technology services contract in the United States with one of the world's ten largest financial institutions.

The institution, which has asked not to be named for competitive reasons, selected Sydney-based CommSecure primarily for its established electronic commerce, transaction and payment systems, particularly its electronic bill presentment and payment (EBPP) services and large-scale online share trading platforms.

In Australia CommSecure operates an electronic payments system connected to Australia's leading banks and an EBPP system. In Hong Kong CommSecure built and operates the information delivery platform that powers the country's largest on-line share trading system.

By awarding CommSecure the contract the Institution has given a ringing endorsement of Australia's capabilities in building and delivering robust, secure and highly-scalable electronic transaction systems, said Mr Ray Loyzaga, CommSecure Managing Director.

CommSecure remains committed to the establishment of recurring transactional revenue streams from its products and services and expects that this international relationship will provide global opportunities.

This major contract, combined with CommSecure's other sales successes throughout the year, is assisting the company in achieving its objectives by the end of this financial year.