eServGlobal Limited Trading Update

eServGlobal, a global telecoms software vendor specializing in Mobile Money and Value-Added Services is pleased to announce its guidance for the six month period from 1 May 2012 to 31 October 2012.

Following on from the publication of H1 FY2012 results, the Company takes the opportunity to provide guidance on the second half of the year. In the first half of the year, monthly average revenues increased and monthly average costs decreased from the prior four month reported period. Management anticipates this trend will continue in the second half of the year and trading is in line for revenues of between A$13.5M to A$16.1M in the second half. Full year revenues are anticipated to be between A$26M and A$29M (£17M to £19M based on current foreign exchange rates).

The Company is anticipating a significant EBITDA improvement in the second half of the year to be driven through a combination of increased revenues and higher gross margin (due to the successful handoff of USP contracts to Oracle) compared to the first half of the year as well as the impact of operational cost savings made in the first half of the year. The Company also anticipates that the core business will be cash-flow positive in the second half of the year.

The deal pipeline for H2 FY2012 has increased significantly. The increase is composed of opportunities with new partners, new customers, and system integrators as well as delayed deals from the first half of the year. Whilst we fully expect to achieve these guidance numbers, the Board continues to be mindful of the potential impact of geopolitical instability and further foreign exchange movements.