Hawkesbridge Private Equity invests $7 million in Integrated Premises Services

Information Release, 21 April 2006

Hawkesbridge Private Equity is pleased to announce that it has invested $7 million into Integrated Premises Services Ltd (IPSL).

IPSL is a leading premises management company with over thirty years experience in providing services to major corporates across Australia.

IPSL comprises three businesses:

• Dimension Clean - focusing on large contracts in traditional industrial and commercial cleaning.
• Diamond Shine - focusing on the specialized cleaning requirements of the food, pharmaceutical and medical markets.
• Essential Support Services - focusing on the provision of repair and maintenance services.

David Plumridge commented that "Hawkesbridge believes that the IPSL business and management team is strong and provides a robust platform to acquire other similar businesses."

IPSL is Hawkesbridge's third investment from the Regional Development and Private Equity Trust (RDPET), a $50 million private equity fund with NSW Local Government Super Scheme as the major investor.

Hawkesbridge is a leading provider of private equity funds to Australian companies. Hawkesbridge targets management buyout and expansion capital opportunities, investing A$5 million to A$10 million in companies and management with a demonstrable track record.

For more information please contact David Plumridge on (02) 9233 7200 or go to www.hawkesbridge.com.au