CSE GLOBAL LTDCSE GLOBAL LTD

UPDATE ON BUSINESS

MEDIA / ANALYSTS BRIEFING7TH SEPTEMBER 2004

1H2004 HIGHLIGHTS1H2004 HIGHLIGHTS

Revenue increased 25% to S$95.7M

GM was 32.3%

PATMI S$8.0M up to 28%

Operations generated a positive cash flow of S$4.1M

0.42x net gearing

Outstanding Orders of $81.9M

GROUP PROFIT & LOSSGROUP PROFIT & LOSS

S$M Half Year ‘04

(0.8)

6.3

9.1

33.8

76.6

1H03

(0.8)

8.0

11.0

32.3

95.8

1H04

Goodwill Amortization

PATMI

PBT

GM(%)

Revenue

--

27.8

21.6

(1.5)

25.0

%∆

BUSINESS REVIEWSBUSINESS REVIEWS

Weaker US Operations in 1H2004

GM lower as compared to previous period

Recovery on course with increased book-in with better GM;better business prospects & reduction in G&A

BUSINESS REVIEWSBUSINESS REVIEWS

Consolidated UK’s Middle East sales activities under ttc.sro

Acquired 30% in PI-CSE Systems & Engineering Sdn Bhd

Setting up the Oman (4Q04) and Qatar (3Q04) offices

Completed divestment of I-magination Solution to I-magination software Sdn Bhd

BUSINESS REVIEWSBUSINESS REVIEWS

Uniserve Corporation Pty LtdRTUnet (Australia) Pty Ltd

Expanded into Australia/New Zealand through acquistions :

The oil & gas and mining & mineral sectors in Australia is expected to experience strong growth over the next few years.

These acquisitions will also strengthen group’s engineering and product capabilities, provide opportunities for cross selling

GLOBAL PRESENCEGLOBAL PRESENCE

*

* Branches in Nitra, Prague, Bratislava & Košice

SingaporeBangkokBangalore

Kuala Lumpur

Houston LayfayetteNew OrleansCarmen

Soku

Jakarta

SeafordSheffield

NitraTehran

ShanghaiDubaiBeijing

SydneyMelbourne

Auckland

PerthBrisbane

GLOBAL MANPOWER GLOBAL MANPOWER SUPPORTSUPPORT

3IRAN

4NIGERIA

725TOTAL

61AUSTRALIA / New Zealand

75SLOVAKIA

126UK

287USA

5INDONESIA

18INDIA

8CHINA

7THAILAND

25MALAYSIA

106SINGAPORE

UNISERVEUNISERVE

Business

Provide turnkey electrical engineering solutions for mining & Mineral, oil & gas/power and water utilities

Revenue by Sector

Mining & Mineral 37%Oil & Gas/Power 30%Water Utilities 14%Others 18%

UNISERVEUNISERVE

Services

Protection and Control

High Voltage Electric Motor

Variable Frequency Inverters

High Voltage Motor Speed Control

UNISERVEUNISERVE

A$

Financial Performance (end 30 June 2004)

Revenue $18.8M

GM (%) 34%

PBT $1.6M

PAT $1.2M

UNISERVEUNISERVE

Protection and Control SystemsSupply of GE Multilin range of protection relays

UNISERVEUNISERVE

High Voltage Electric MotorsSupply of HV motors from 3.3kV to 11kV

UNISERVEUNISERVE

Variable Speed Drives & Soft StartersSupply of LV, MV & HV Fuji Electric variable speed drives andSolcon soft starters

UNISERVEUNISERVE

Special Projects

RTUnetRTUnet

Business

Manufacturers and distributes a range of Kingfisher RTUProducts including firmware and configuration tool forApplications in a broad range of industries field;

Mining & MineralOil & Gas / PowerWater UtilitiesOthers

RTUnetRTUnet

A$

Financial Performance (end 30 June 2004)

Revenue $5.7M

GM (%) 53%

PBT $0.7M

PAT $0.6M

RTUnetRTUnet

RTU PRODUCTS RANGE

LP-1 Low Power RTUSeries II Modular RTU

RTUnetRTUnet

Kingfisher LP-1 Low Power RTU

• Fully integrated RTU in a compact package• Very Low Power Consumption• 2 x RS232 ports• 2 x option ports, to accommodate:

– UHF Radio– GSM Cellular modem– PSTN Modem– Fibre Optic

• 4 x analog inputs• 4 to 8 x digital inputs• 2 to 6 x digital outputs• Data Logging (up to 4Mbyte)

RTUnetRTUnet

Kingfisher Series II

• Modular RTU design• Up to 64 modules• 1000+ I/O points• Up to 16 comms port

RTUnetRTUnet

Series II – Redundant Hardware

Duplicating modules to Duplicating modules to achieve redundancy.achieve redundancy. 12 Slot Backplane

RedundantPower Supplies

RedundantProcessors

Additional Comm Ports3 x RS232 each

Example:This RTU provides auto changeover of power supplies and processors while running.

RTUnetRTUnet

Series II – The Modular Concept

BUSINESSBUSINESS

Niche global player in IT, Control, Telecommunication

and Electrical systems in the Oil & Gas, Petrochemical,

Power Utilities, Water & Sewerage and Mining & Mineral

industries

OUTLOOKOUTLOOK

Prospects for new contracts remain strong in the oil and gas industry

New contribution from recent acquisitions

2nd half performance better than 1st half performance

Sustained growth in FY2005