response

Re: SP Telemedia Limited – ASX Code: SOT
I refer to your query regarding today’s article published in the Australian about Soul
Communications Pty Ltd (“Soul”). Soul is a wholly owned subsidiary of SP Telemedia Limited
(the “Company”). The Company provides the following response:
1. The article refers to Soul having “angry resellers across the country” who have been
affected by Soul withholding dealer payments. Soul has commercial agreements
with many dealers in Australia but it has only recently withheld payment from 5
dealers who are call centre based operators. To Soul’s knowledge, the companies
from which it has withheld payment have no shop front stores.
2. Soul has agreements in place with each of those 5 dealers which entitle Soul to
withhold or claw back dealer payments in certain circumstances.
3. Any suggestion that Soul has wrongly withheld money from these dealers will be
vigorously defended.