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ANZ strategic alliance with MultiEmedia.com

Document date:  Mon 05 Jun 2000
Published:  Mon 05 Jun 2000 11:56:19
Document No:  209925
Document part:  A
Market Flag:  Y
Classification:  Asset Acquisition , Asset Disposal

MULTIEMEDIA.COM LIMITED                       2000-06-05  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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ANZ and MultiEmedia.com today announced a strategic alliance, which
will see ANZ take a 15% stake in MultiEmedia.com with the option to
expand its stake during the three year term of the alliance.

Through the alliance, MultiEmedia.com will host ANZ BizSite - a web
creation service for ANZ's small business customer base. Within the
Australian and New Zealand financial services sector, ANZ will have
exclusive access to MultiEmedia.com's technology.

Established in 1993, MultiEmedia.com is a leading Australian Internet
technology developer, providing a range of consulting services and
development tools for small to medium sized enterprises seeking
Internet and e-Commerce solutions.

ANZ Managing Director Personal e-Commerce, Mr Satyendra Chelvendra
said the alliance is an important initiative that will allow ANZ to
grow its share of online small business customer.

"This is an important alliance as it provides our small business
customers with a value added tool which complements our existing
online banking services. ANZ BizSite will allow customers to easily
build their own web site with a step-by-step guide and an online help
facility," he said.

MultiEmedia.com Chief Executive Officer, Mr Ian McRae said the
alliance reinforced MultiEmedia.com's position as a company focused
on helping its clients achieve greater prosperity through strategic
use of network technology.

"The software is ideal for small to medium sized businesses; however,
we would see this product as the first of many we can offer ANZ
customers, via this relationship, to help support their web based
business strategies," he said.

Completion of the ANZ-MultiEmedia.com strategic alliance is subject
to the completion of due diligence by ANZ. ANZ BizSite, powered by
MultiEmedia.com, can be accessed via the anz.com home page at
www.anz.com.

For media enquiries, contact:

Michelle Gibbings                   Jamie Bartels
MEDIA RELATIONS MANAGER, ANZ        GENERAL MANAGER 
Tel: 03 9273 6190 or 0409 655 551   MARKETING,MULTIEMEDIA.COM
Email: gibbingsm@anz.com            Tel: 03 9508 7000 or 0418 105 666 
                                    Email: jamieb@mcom.com.au