Sydney Level 3, 65 Berry Street North Sydney NSW 2060 Australia

Canberra 2/45 Wentworth Avenue Kingston ACT 2604 Australia

Brisbane Level 1, 46 Edward Street Brisbane QLD 4000 Australia

Hyderabad Plot No 5, Road No 2, Banjara Hills Hyderabad 500-034 Andhra Pradesh India

Oakton LimitedABN 50 007 028 711

MelbourneLevel 8, 271 Collins Street

Melbourne VIC 3000Australia

T +61 3 9617 0200F +61 3 9621 1951

www.oakton.com.au

Wednesday, 22 October 2008

The Manager, Listings Australian Stock Exchange Limited Company Announcements Office

Dear Sir:

Please find attached the presentation given by the Company’s Managing Director at the Oakton Annual General Meeting held on 22nd October 2008.

Sincerely yours,

Michael Miers Company Secretary

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Oakton Limited ABN 50 007 028 711

Focused on what matters

2008 Annual General Meeting

October 22nd 2008

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Oakton Limited ABN 50 007 028 711

Focused on what matters

2008 Annual General Meeting

Managing Directors address

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Record Revenue of $201.29m (up 75.3 %)

Record EBITDA of $41.01m (up 37.7%)

Record NPAT of $27.63m (up 34.6%)

Results include full year contribution of Acumen Alliance

Oakton organic growth excluding Acumen Alliance contribution was 20%

Diluted earnings per share increased to 31.1 cents, 31.2% higher than last year

Fully franked final dividend of 12.00 cents, up 17.1% on last year

Total dividend payout for the year of 23.00 cents, 13.6% higher than last year

Ended June 2008 with 1,289 staff, 286 more than the same time last year

Operating cash flow of 24.89m up 51.0% on last year

FY2008 Headlines

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Completion of the Acumen Alliance integration and brand transition

Continued growth of Oakton’s offshore operation in India

Increase in project size and duration

Entered FY09 with a record level of committed revenue

Continued improvement in existing client service line ratios and introduction of new clients in existing and new locations

Appointment of additional senior management

Enhanced internal quality and risk management processes and upgrades to internal systems to manage business growth and scale

FY2008 Headlines (continued)

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FY2008 Client Analysis

1.65

3.26

4.12

2007

7%1.541.76Total clients

26%2.644.12Top 50 clients

9%3.244.48Top 25 clients

% Change

07/0820062008

Average services per client

Revenue Committed into next FY

0

10

20

30

40

2006 2007 2008 2009

Year Commencement

Tota

l Per

cent

age

Industry Sector Revenue Spread Client / Service Line Ratios

Possible maximum service line ratio is 10 (FY07 was 7)

Includes the impact of Acumen Alliance which has increased the number of services available for cross sell to 10

Financial Services16%

Products & Services30%

Public Sector - Federal

22%

Public Sector - State15%

Resources3%

Utilities14%

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FY2008 Market Positioning

Package Solutions

Software and Infrastructure Products

Facilities Outsourcing

Infrastructure Consulting

Business Process Outsourcing

Managed Services - Applications

Integration and Application Development

Information Management

Systems Integration and Project Management

I.T. Strategy and Architecture

Operational Business Consulting

Strategic Business Consulting

Consulting Services(30% revenue*)

Delivery Services(50% revenue*)

Operational Services(20% revenue*)

*Indicative based on FY2008 revenue and includes full contribution from Acumen Alliance

AcquisitionTargets

Glo

bal C

onsu

lting

Com

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es

oaktonFocus on service depth within the consulting, delivery and operational services domain

Priv

ate,

spe

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ist c

ompa

nies

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FY2008 People Summary

259363 457

1,003

1,289

04 05 06 07 08

Total Resources

Location Segmentation

VIC46%

NSW25%

ACT19%

QLD3%

IND7%

Total Staff Numbers

Staff growth excluded any contribution from acquisitions – organic growth only

Staff numbers grew in each location

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Oakton India

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Oakton ACT office

Acumen Alliance’s ACT office rebranded to Oakton in July 2008

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Oakton’s new Melbourne office

Oakton’s new Melbourne office which consolidates the Acumen Alliance and Oakton offices

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Oakton Outlook “focused on what matters”

ContinuedProfitable

Growth

People

Clients

Locations

Operations

Continued focus on retaining and attracting the best people

Implement the Oakton leadership program

Optimise utilisation to drive margin growth

Increased segmentation to allow deeper focus on key clients

Continued focus on cross sell of services

Continue to pursue growth industries such as infrastructure

Grow market share in each location with a priority focus in the ACT cross sell delivery services

Continued development of the offshore model

Continue to implement processes, systems and organisation models to support increased scale and efficiency

Leverage new roles and senior appointments

Services

Partner focus including new product vendors

Continued shift from resource provision to delivering solutions

Continued increase in larger and longer projects

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FY2009 Full Year outlook updateMarket update

Market volatility and the credit crisis is translating into:

Impact on client spend in some industry sectors, others remain relatively stable

General market sentiment being more conservative than at the start of the financial year

An outlook that is less predictable

Federal government spend overview:

1st Quarter FY2009 spend has been below last year.

Spend is currently expected to increase sometime in the future following a number of reviews

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FY2009 Full Year outlook updateMarket update - key themes in the Consulting and IT industry

Focus on cost saving initiatives

Investment in core system refurbishment and replacement

Customer focus and speed-to-market imperatives in most industries

Internet based investment

Compliance and regulatory requirements

Selective outsourcing

M/A activity across a number of industries

M/A activity in the product vendor and service provider market

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FY2009 Full Year outlook updatePerformance update

Increased focus on “Just in time hiring” and on maximising utilisation of existing people

Offshore staff numbers are continuing to grow

Reduction in recruitment cost and salary expectations anticipated

September staff numbers = 1,294 with a decrease in contractors of 17 and an increase in permanent staff of 22 over the June year end numbers

Focus on market share acquisition through targeting more predictable industries such as state government, utilities and infrastructure

Extensive cost review underway

First half earnings currently expected to be marginally ahead of last year

Full year earnings currently expected to be ahead of last year

Consider appropriate acquisitions in a market where there is an increased number of opportunities at lower purchase prices F

or p

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nly