acquisition of two subsidiaries from stepnexus

ACQUISITION OF TWO SUBSIDIARIES FROM STEPNEXUS HOLDINGS FINALISED

FOR IMMEDIATE RELEASE

Keycorp Limited (ASX: KYC), a global supplier of secure electronic transaction solutions, today

announces that the acquisition of the United Kingdom operations, StepNexus Limited and

MAOSCO Limited, from StepNexus Holdings has successfully concluded. Circumstances arose

which resulted in Keycorp acquiring 100% of the assets for consideration of USD$3M.

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About Keycorp

Keycorp Limited (ASX: KYC) is a global provider of secure electronic transactions with solutions

from smartcards and point-of-service transaction systems to managed services.

Keycorp is a founding member of the MULTOS consortium, which has responsibility for

developing the MULTOS multi-application smartcard operating system. Keycorp develops and

distributes smartcard operating systems such as MULTOS, as well as smartcard applications.