ASX RELEASE 7 August 2006 Placement to Matterhorn Investments Ezenet Ltd (ASX: EZE) is pleased to announce that it has raised approximately A$1,050,000 through a placing of 7,500,000 new shares to Matterhorn Investment Management LLP of the United Kingdom at an issue price of $0.14. The placing agreement was reached at a time that shares in Ezenet were trading at $0.12. Matterhorn is a London based institutional investment management fund and will provide a strong presence on Ezenet share register. Matterhorn is the largest share holder in Weatherly International PLC in which Ezenet is a share holder with 18.2million shares. The digital movie and internet business of Ezenet is undergoing a phase of high growth and the capital raised will be used to fund new installations in the company’s core markets. Further information: Richard Burt Ezenet Managing Director (08) 9389 9345 About Ezenet Listed on the ASX in 1999, Ezenet Ltd (EZE) was originally established to provide a "plug and play" internet set top box that enabled low cost web access. In 2001, the company shifted its focus to supplying digital free-to-guest and on-demand pay movies to the Australian hospitality and healthcare industries. In 2003, 100%-owned subsidiary Ezestream Pty Ltd was established to operate Ezenet’s digital movie and internet business. In addition, Ezenet owns 18.2 million shares in Weatherly International plc, a London based, AIM-listed mineral company with copper interests in Zambia and Namibia. For further information on Ezenet Limited please visit www.ezenet.com.au For further information on Weatherly International plc please visit www.weatherlyplc.com
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EZE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
