LM Investment Management Ltd goes live with Composer, reinforcing Composer as Australia’s leading funds administration platform.

SYDNEY, July 29, 2004: InfoComp, Australia’s leading supplier of funds administration solutions, today announced that specialist mortgage trust manager, LM Investment Management Ltd (LM), has gone live on its funds administration software platform, Composer. LM now joins the ranks of Macquarie Bank, Perpetual Investments who use the system and underscores Composer’s position as Australia’s leading funds administration platform. LM selected Composer following a comprehensive review of funds administration software available in Australia.

Peter Drake, CEO of LM believes that significant efficiencies will be achieved by migrating onto the Composer platform and that the firm’s already close-working relationship with its authorised financial advisor groups would strengthen. “By operating on one central platform, like Composer, allows for a single reporting stream to our advisor network and therefore increases the level of transparency and usability,” said Mr Drake.

While Composer now underpins some of the largest wrap platforms in Australia, Rob De Dominicis Managing Director of InfoComp believes it is also an ideal solution for boutique managers such as LM. “Typically, boutiques are highly innovative in the types of products they offer and the way they distribute them. Because our platform can manage an infinite range of investment products, it sits perfectly alongside this business model,” said Mr De Dominicis.

“Composer gives LM a single administration platform capable of running its entire business whilst allowing it scope to grow it already diverse product mix. The platform also enables LM to automatically comply with internal policies and the requirements of external regulators,” continued Mr De Dominicis.

Mr Drake concluded, “InfoComp’s flexible and innovative approach to funds administration and its ongoing commitment to Composer’s development and maintenance means LM can be confident about information technology keeping up with our future business growth.”

Composer was released four years ago and since then InfoComp has focused on continually enhancing the funds administration platform. Now recognised across the industry as Australia’s premier funds administration solution, Composer continues to deliver the sophisticated administration functionality required to support the rapidly changing managed funds marketplace. LM joins Credit Suisse, Macquarie Financial Services, Perpetual Investments, Merrill Lynch, Asteron, OASIS and JP Morgan Investor Services as a user of Composer.

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About InfoComp

Established in 1988, InfoComp has evolved to become a provider of first class software solutions to the financial services sector. Since inception, InfoComp has achieved consistent growth and profitability and currently boasts a client list that includes some of the largest and most respected corporations in Australia. InfoComp's software solutions, Composer (Funds Administration), Conductor (Electronic Messaging) and Unison (Registry processing) are based on open standards and incorporate products from leading technology suppliers including Sybase, Staffware, eistream, Adobe and Data Junction.

About LM Investment Management Ltd

Established in 1997, LM Investment Management Ltd (LM) is an international funds manager with specialised expertise in mortgage trust investment. 100 percent Australian-owned and managed, LM has offices in Sydney, the Gold Coast, Hong Kong and Bangkok and a growing presence in the financial services markets throughout Australia, Hong Kong, South East Asia, South Africa, New Zealand and the Middle East. Funds under management include the LM Mortgage Income Fund , the LM Wholesale Mortgage Income Fund , the LM Property Performance Fund , the LM Special Participation Fund and the LM Cash Performance Fund.