11 September 2003

Braintree appoints Leon Richardson as Chief Financial Officer

Leading data communications specialists, Braintree Communications, has appointed Mr Leon Richardson as chief financial officer.

Mr Richardson will manage Braintree’s financial forecasting and reporting, financial strategy, systems and process development, corporate governance, budgeting and taxation.

Prior to joining Braintree, Mr Richardson was the Senior Financial Accountant at CB Richard Ellis. Additionally, he has held senior positions at Australia Post, Williams, Hatchman and Kean and also 3 years at BDO Nelson Parkhill. Richardson is a Chartered Accountant and has a Bachelor in Business (Accountancy) from Queensland University of Technology.

“We are very pleased to welcome Leon to our management team," said Mr Peter Hall, chief executive at Braintree. "He comes to Braintree with a well-rounded background and broad financial expertise that we believe will add tangible value to Braintree and support our ongoing growth and development."

“I believe that Braintree has outstanding growth potential for its technology globally. I am looking forward to providing the financial management and leadership needed that will help Braintree reach its full potential,” said Mr. Richardson.

Richardson’s appointment takes effect immediately.

About Braintree Communications

Braintree Communications specialises in the design and development of data communication solutions that allow legacy terminals to seamlessly and immediately connect to modern networks using intelligent protocol conversion.

Braintree’s primary technology focus is on Short Duration Transaction Networks (SDTN) such as EFT applications like Point-Of-Sale and ATM connectivity, defence communications systems, airline reservation networks, security systems and financial services.

Braintree has been developing unique solutions since 1990 for clients such as Telstra, Boeing, Ericsson, Damovo, Cashcard and Japan Airlines.

For more information on Braintree Communications call Mr Peter Hall on +61 7 3033 8800 or visit www.braintree.com.au.


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