5 November 2008

After requests for more time to consider the offer from some potential investors, Connexionz Limited (NZAX:CNX) announced today that it would extend its preference share offer to 24 December 2008.

In the meantime, Directors have moved to accept the applications for 300,000 preference shares already received to date. Under this offer up to 1m preference shares may be issued.

Recent sales growth, through new contracts in Santa Clarita (California) and Newbury (UK), has created a need for additional working capital.

Connexionz develops real time information systems for public transport, which allow passengers to obtain accurate arrival times at bus stops and terminals; bus fleet managers to control their operations; and local government authorities to manage their public transportation systems.

Any questions may be directed to Craig Boyce Ph 029 534 5508.