Released on = April 11, 2006, 4:57 pm

Press Release Author = Geoff Fowlstone/Fowlstone Communications

Industry = Financial

Press Release Summary = Acquisition of Australian based consultancy strengthens
services provided to local and international banks

Press Release Body = Admerex Limited (ASX:ADL) today announced the acquisition of
Credit Risk Infrastructure Pty. Ltd., a specialist consulting company to the
financial services industry.

Credit Risk Infrastructure (CRI) provides consulting solutions to the local and
international banking community in the areas of capital allocation, risk management
and pricing, and Basel 2 regulatory compliance. Clients of Credit Risk
Infrastructure include major Australian banks and leading financial institutions in
Asia, the Middle East and Africa.

The addition of these specialist consulting services to Admerex's current software
and consulting solutions will further strengthen the Company's existing
relationships within the financial services sector. The compliance framework set by
the "Basel 2" committee of the Bank for International Settlements, which advises
international financial institution regulators such as the Reserve Bank of
Australia, has received substantial focus from large money centre Tier 1 banks. CRI
has historically provided extensive services to these banks; the adoption of Basel 2
frameworks by other Tier 1 and many Tier 2 banks in all markets has significantly
expanded the market opportunity for the CRI's software and consulting services.

Admerex, in conjunction with the software and skill set presented by Credit Risk
Infrastructure will now be able to assist financial institutions in ensuring that
their capital allocations and risk management processes are not only regulatory
compliant, but also support the creation of shareholder value.

Mr Kim Goodall, Executive Chairman of Admerex stated: "The acquisition of Credit
Risk Infrastructure is highly complementary to the direction of Admerex. We
envisage a solid overlap in existing client relationships and believe that the need
for these specialist services will increase due to the increasing adoption of
international banking regulatory standards."

Mr Nick Davies, Managing Director of Credit Risk Infrastructure said: "We are
delighted to announce we have formed a relationship with Admerex. Admerex's senior
management team provides an invaluable depth of experience in the financial software
industry and we have confidence that this transaction will be beneficial to both
existing and future clients. The Company's global infrastructure enables us to
deliver greater service and support to users of our Customer Value Management
software, which is the only integrated internal rating and risk pricing tool
available to address business, regulatory and Basel 2 requirements."

Credit Risk Infrastructure has been acquired on a three year earn-out arrangement
subject to the achievement of specific milestones.

It is anticipated that, in line with overall corporate branding the business name of
Credit Risk Infrastructure will become "Admerex Credit Risk Management".

About ADMEREX

ADMEREX Limited, through its subsidiary companies and partnerships, delivers and
implements innovative back office financial systems, risk management solutions and
services to clients throughout Asia, America, the Middle East and the Pacific
regions. The group has recently opened an office in London which will generate
future sales in Europe, the Middle East and Africa.

Lincoln Crowne & Company acted as financial advisor to Admerex on this transaction.

Web Site = http://www.admerexgroup.com

Contact Details = Geoff Fowlstone
Fowlstone Communications
T: +61 2 9955 9899
M: +61 413 746 949
E: geoff@fowlstone.com.au