Lazio 26/9/03--A total of $50.8 million is payable to ERG as follows: -- ERG Smartcard2

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Subject: Lazio 26/9/03--A total of $50.8 million is payable to ERG as follows:

Author:
The transaction leaves the Group with substantial cash reserves.
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Date Posted: 26/09/03 7:53:20am
In reply to: ERG 's message, "The Group are tendering for Berlin and New York.Lazio receivable still to collect San Francisco partially complete." on 27/08/03 6:37:15pm

A total of $50.8 million is payable to ERG as follows:
-----------------------------------------------------------
$27.9 million as the first instalment of the purchase for the ticketing hardware. This amount is payable within 15 days of signing ($10.2 million of it has already been paid). A further $7.8 million is due within six months.
$10.0 million for the rights to use ERG�s software, payable within one month.
$5.1 million for additional software and training services, payable within a maximum of 12 months.

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ERG seals the deal on its Rome project/ERG Group shares were down 1c to $1.01 at 1525 AEST re 3/9/03 1.00ERG shares exceeded 1 dollar 25/9/03 1.03 26/9/03 1.05-- 27/09/03 2:29:46am