re: soh up 11% today - junky MYOB LIMITED 2003-06-20...

re: soh up 11% today - junky
MYOB LIMITED 2003-06-20 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
MYOB Limited ("MYOB") has today announced that it has agreed to
acquire 32,056,442 shares (representing 12.7%) in Solution 6 Holdings
Limited ("Solution 6") from Telstra Corporation Limited. The
acquisition price is $0.52 per share cash, or approximately $16.67
million.

The company views the holding as a strategic investment in the
accounting and business software industry providing MYOB with the
ability to preserve its position in any rationalisation that may
occur in the sector.

MYOB was in discussion with Solution 6 in December 2002 in relation
to a possible transaction. However, those discussions were terminated
in January 2003. MYOB has no intention of pursuing a merger or any
other transaction with Solution 6 in the foreseeable future.

For further information please contact:

Barry Brott
GENERAL MANAGER, CORPORATE DEVELOPMENT
Tel: +61 3 9222 9875
E-mail: [email protected]

For more information visit the MYOB web site at
www.myob.com.au/investors/.