RNS Number:6872H
IT&e Limited
14 November 2007

IT&e Limited

14 November 2007

                                Issue of Shares

IT&e Limited (AIM: 'ITEL') announces that on 13 November 2007 it has issued
150,000 Ordinary Shares of no par value. The shares are issued as part of the
final tranche held back for consideration of the acquisition of Treasury
Management Systems LLC ('TMS'). The issue was approved by shareholders on 30
October 2007.

Following the issue of these 150,000 Ordinary Shares, TMS holds 150,000 Ordinary
Shares representing 0.06% of the issued share capital. The total number of
Ordinary Shares in issue now is 234,759,970.

Application has been made for the new shares to be admitted to trading on AIM
and this is expected to take place on 20 November 2007.

Enquiries/Additional Information:

IT&e Limited
James Maranis, CEO: +61 2 9236 9427
Oliver Carton, Company Secretary: +61 412 149 118

Grant Thornton Corporate Finance
Fiona Owen: +44 (0)20 7383 5100



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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