A total of $4.275 million is to be raised through the issue of...

A total of $4.275 million is to be raised through the issue of 15 million ordinary shares.
Ten million shares have been placed to institutions and professional fund managers at 28.5 cents
per share, representing a 15% discount to the five-day volume weighted average price of Tribeca
shares preceding the placement date. The placement was conducted through Wilson HTM and
was strongly supported.
Five million shares are to be offered to existing shareholders at 28.5 cents through a Shareholder
Share Purchase Plan (SSPP), allowing all shareholders to participate on the same basis as
professional investors. The record date for the SSPP is 5.00pm (Sydney time), 18 November
2004. A separate announcement will detail the terms and conditions of the SSPP offer.
Eligible shareholders will have the option of purchasing shares under the SSPP at three levels
free of all brokerage, commissions and stamp duty:
Offer A 15,000 shares 28.5 cents per share Total of $4,275
Offer B 10,000 shares 28.5 cents per share Total of $2,850
Offer C 5,000 shares 28.5 cents per share Total of $1,425

In keeping with the company’s growth strategy to expand its education offering into the broader
financial advisory industry, Tribeca intends to acquire three complementary businesses in H105:
1. Webb Martin Pty Ltd, completed and announced November 4, 2004;
2. The Strategist Group Pty Ltd, announced November 9, 2004. Currently being completed;
and
3. Monroe Topple and Associates Pty Ltd, announced today as detailed in a separate
announcement. Currently being completed.
Each acquisition is expected to be earnings per share accretive in current and future periods.
Together, on a pro-forma annualised basis, the board expects the acquisitions to deliver an
earnings per share uplift of approximately 50% (after allowing for the share issues detailed
above). Existing management will remain with each business for up to four years.