CSG Ltd ABN 64 123 989 631 Level 8, Jacana House 39 Woods Street Darwin NT 0800 PO Box 2041

Darwin NT 0801 Tel 08 8922 9000 Fax 08 8922 9016 info@csg.com.au

30 May 2011

CSG Limited (ASX: CSV) (‘CSG’ or ‘the Company’) today announced an agreement has been reached to sell the Technology Solutions business to NEC Australia. The transaction consideration for the sale of the Technology Solutions business comprises: • a base consideration of A$227.5 million; and • a potential earn-out payment of up to A$32.5 million. The quantum of the earn-out payment achieved, if any, will depend on the level of certain additional earnings generated prior to 30 June 2012. CSG Chairman, Mr Josef Czyzewski said: “Following a detailed and rigorous strategic review by the Company, the decision to sell the Technology Solutions business has been made to crystallise value for our shareholders. The Board believes this transaction is in the best interests of the Company and its shareholders. The proceeds from the sale will enable us to pay down debt and return capital to our shareholders.” Net proceeds from the transaction on the base consideration, after capital gains tax and other transaction related costs, are expected to be approximately A$190 million. The Board of Directors’ intention is to distribute excess capital to shareholders in the most efficient manner after paying capital gains tax, restructuring and transition costs and reducing debt to an appropriate level. The method, timing and amount of cash distributed to shareholders will be determined by the Board. This is expected to be announced with the full year results in August 2012. Post transaction, CSG will have substantial franking credits for distribution. Terms of transaction The transaction will be effected via a sale of the shares in two subsidiary CSG companies: CSG Services Pty Ltd and CSG Solutions Pty Ltd to NEC Australia. The target completion date of the sale is 2 July 2012. It is subject to a number of conditions including: obtaining Foreign Investment Review Board approval; regulatory approvals; and limited third party consents. The purchaser also has a termination right if there is any material adverse change in the Technology Solutions business. In certain circumstances, termination of the agreement will entitle the party not in breach to a break fee of A$2.6 million.

CSG Managing Director.” Ends Further information Investors and analysts Neil Lynch Media Melissa Horne +61 3 8615 3618 or +61 412 130 823 +61 3 8615 3600 . The restraint will not inhibit CSG’s ability to grow its Print Services business. Ms Julie-Ann Kerin said: “Following the sale of Technology Solutions we will focus on the growth and development opportunities within the Print Services businesses.CSG has agreed to certain limitations on its ability to initiate or respond to any competing proposal in relation to the Company or its Technology Solutions business. CSG has also entered into a Transitional Services Agreement to facilitate the orderly transfer of the Technology Solutions business. CSG has also agreed it will not carry on a technology solutions business for three years post-completion in Australia and for two years post-completion in New Zealand.