Significant contract extension for Praemium

18 December 2018, Melbourne: Praemium is pleased to advise that it has renewed a major contractual arrangement with Asgard Capital Management Limited to provide portfolio administration services.

Praemium has been providing portfolio administration to this major financial institution for the last 11 years and its current contract was to expire in November 2019. A contract renewal has now been agreed that will extend the arrangement for up to a further 6 years, with a minimum 3-year period. The extended agreement retains a minimum contract value of $3 million per year.

About Praemium (ASX: PPS): Praemium is a global leader in the provision of investment administration, Separately Managed Account (SMA) and financial planning technology platforms. Praemium administers in excess of 475,000 investor accounts covering approximately $110 billion in funds globally, and currently provides services to approximately 700 financial institutions and intermediaries, including some of the world's largest financial institutions. For further information contact: Paul Gutteridge, Company Secretary +613 8622 1222

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Praemium Limited published this content on 18 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 December 2018 22:39:05 UTC