ERG 7/5/2002 (Address to Aust Shareholers)., page-2

How I read an announcement. up bullboads.
ERG LIMITED 2002-05-02 ASX-SIGNAL-G
HOMEX - Perth

+++++++++++++++++++++++++
ERG Group is pleased to announce the successful rollout of its
integrated smart card ticketing system on Singapore's public
transport network.

The smart card ticketing system commenced public operations on 13
April 2002, following a successful three-month trial, and is already
processing more than 1 milliontransactions a day (compared with
25,000 a day during the trial period). The system has been
enthusiastically adopted by Singaporeans, with around 30,000 new
cards being issued daily. It is expected that the system will process
around 4 million transactions each day by end of 2002.

In April 1999, the Land Transport Authority of Singapore (LTA)
awarded ERG the contract to design and develop an integrated smart
card ticketing system on five public transport operators. The system,
which involves 22,000 readers and the issue of 5 million smart cards,
is one of the largest integrated smart card based transit systems in
the world.

The LTA has also awarded ERG a three-year maintenance contract worth
S$15 million (A$16 million) to support the new system.

Mr Silvester Prakasam, General Manager of EZ-Link, stated: "The
Singapore system represents the most advanced and cost-effective
ticketing technology which will benefit both our operators and
patrons. Now that we have established a solid base, we intend to
expand the system in the coming years beyond public transport."

ERG's Managing Director Asia Pacific, Mr Rob Noble, said "The
successful rollout of Singapore means that ERG's MASS technology now
processes transit transactions in two of Asia's major cities -
Singapore and Hong Kong. By the end of this year, these sites will be
processing transactions at the rate of more than 4 billion annually.
We are proud to say thatthe Singaporean system is one of the most
technologically advanced ticketing systems in the world."


BACKGROUND INFORMATION

ERG GROUP

ERG Group is a world leader in the development and supply of
integrated fare management and software systems for the transit
industry, and for its smart card systems and services. ERG is an
Australian-based company, listed on the Australian Stock Exchange.

LAND TRANSPORT AUTHORITY OF SINGAPORE

The Land Transport Authority (LTA) was inaugurated in September 1995
as a statutory board under the Ministry of Transport. LTA spearheads
all land transport developments in Singapore, including the building
of the road network and the development of the rail infrastructure.
It is committed to furnishing Singapore with a quality and efficient
land transport system.

EZ-LINK

EZ-Link Pte Ltd, a subsidiary of the Land Transport Authority, was
formed on 8 January 2002. EZ-Link will expand the use of the ez-link
contactless smart card beyond the public transport industry for
general micro payments.