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Eforce Ltd Confirms Placement of Shares

For immediate release 2 June 2000

Eforce Ltd Confirms Placement of Shares

Eforce Ltd today confirmed a placement of 6,000,000 shares at .25¢ raising $1.5m in cash.

The purchaser, Mr André Amouyal, has been associated with Product Sourcing International, one of the companies proposed for acquisition by Eforce, for the past three years. The placement is subject to the approval of all resolutions proposed at the company's Annual General Meeting scheduled on 14 June 2000.

Mr Amouyal is involved with a number of companies internationally that are looking to use internet technology to distribute products globally. These companies include BUT International, a retailer with 240 stores throughout France and the French governed islands and Spel, a licence and distribution company with customers such as Carrefour, Casino, Leclerc and Inter.

As part of his new technology investments, Mr Amouyal is the founder and major shareholder of Apolo which has taken positions in 12 Internet Companies based in Europe. Apolo is based in Paris and will be listed on the Paris Stock Exchange in September 2000. A number of Europe's major banks are involved in this listing.

PSI with its sourcing network and supply chain management capability will be closely involved in the procurement and fulfilment requirements of Mr Amouyal's interests and it is further expected that benefits will flow to other Eforce group companies.

Assuming that all resolutions before the shareholders are passed at the Annual General Meeting, Mr Amouyal has indicated his desire to increase his shareholding within Eforce to around 10%. This could be achieved by a further placement of shares or by market acquisition.


For further information contact:

Bill Farmer, Chief Executive Officer Eforce on 09 441 6877 or 021 950 296

Bert Aldridge Communications Contact on 04-4999-111 or 025 241 0352

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