COMMSOFT GROUP LIMITED (CSG)

name changed to MDSnews Limited

company advises that its registered office and principal place of business of MDSnews Limited is now: Level 7, 4 O'Connell Street SYDNEY NSW 2000, Phone: 02 9251 6222 Fax: 02 9251 6244

announces the issue of 65,000 unsecured convertible notes of $1 each issued on 1 March 2006 - the company will not be seeking the quotation of the Notes

lodges quarterly cash flow statement that shows a deficit at operating level for the quarter of $16k

issues supplementary prospectus - the offer closes on 3 April 2006

lodges 2005 Annual Report

lodges quarterly cash flow statement that shows a deficit at operating level for the quarter of $28k

issues Supplementary Disclosure Document

the closing date of the Prospectus is extended until 12 October 2005

lodges preliminary final report

company advises that it has extended the Closing Date of the Prospectus until Monday 26 September 2005

following shareholder approval on 20 July 2005, each 383 Old CommSoft Group Limited shares were consolidated into 1 New Consolidated share today - following the consolidation the issued capital has been reduced from 406,524,494 Old Shares into 1,061,324 New Consolidated Shares

advises that following the General Meeting held on 20 July 2005, the name of the company has been formally changed to MDSnews Limited (we will process this change when ASX notifies the market)

a Prospectus dated 12 July 2005 (to raise up to $4,000,000) has been lodged with ASIC - it is now the subject of a seven day exposure period during which time applications cannot be processed - a copy of the prospectus can now be found at www.mdsnews.comand or at www.morrisonsecurities.com.au

gives Notice of General Meeting to be held on 20 July 2005 and announces a 383 for 1 (we think they mean a 1 for 383) consolidation of shares and the opportunity for shareholders to participate in a proposed capital raising to raise up to $4,000,000 and the issue of corresponding Consolidated Shares - the proposed acquisition of the MDSnews Group, the consideration for which will be the issue of new Consolidated Shares by CommSoft

company issues a timetable for the planned capital raising pursuant to the issue of a prospectus and obtaining shareholder approval - a process which is expected to commence in April 2005 and see the securities re-quoted in June 2005

lodges half yearly report

David Whitfield appointed a director

Messrs Zulman and Grundy appointed directors (Marcuson was not) at AGM today

advises that it has entered into a non-binding Heads of Agreement for the scrip for scrip acquisition of the MDSnews Group - the MDSnews Group owns MDSnews.com, and is a business providing real time comprehensive news and quote services for the financial markets, to retail and corporate investors and brokers - AGM to be held on 17 January 2005 at 14:30 at the offices of BDO, L19, Allianz Building, 2 Market Street, Sydney

lodges annual report

lodges preliminary final report

lodges half yearly accounts with ASX reflecting a loss of $114,184 a net assets deficiency of $1,267,219 and a tangible asset backing of a negative 30 cents a share

lodges annual report with ASX and calls AGM for 22 Dec'03

the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29

company accepts deed of company arrangement - a compromise has been reached with creditors and control of the company reverts to directors subject to the terms of the DOCA

the shares of this company have not traded for more than twelve months - its last financial report lodged with ASX revealed a negative net assets position of more than $1m

directors resolve to appoint M Donnelly and B Taylor of Ferrier Hodgson as Joint Administrators

advises that sale of the Intellectual Property to ISS Limited is complete - company retains a 20% interest in a new private company, Commsoft NZ Ltd, which will look after sales, development and support

securities suspended from quotation following failure to lodge half-yearly reports

company advises that securities to be suspended from quotation at the close of business on Monday 17 March 2003 under listing rules 12.1 and 17.3, following shareholder approval to dispose of the Company's main undertaking

we understand that on or about this date the company consolidated its shares 1 for 20

shareholders approve reorganisation of capital by way of consolidating every 20 shares in the capital of the company into one fully paid ordinary share and also approve the disposal of the company's main undertaking