ITEL IT&E

RNS Number:7160H
IT&e Limited
14 November 2007

14 November 2007                                          ASX & AIM Announcement

                IT&e Announces changes to its Board of Directors


As announced on 4 July 2007, IT&e Limited (ASX code: "ITE" AIM: "ITEL"), is in
the process of recruitment of a new Chairman. That recruitment is proceeding to
plan, and a further update to the market will be issued when the appointment is
complete.

As also announced on 24 October 2007, David Bell, Chairman, and Stephen Simpson,
independent non-executive directors of the Company, are not seeking re-election
at the AGM to be held on 28 November 2007. Having completed their terms in
office, David and Stephen have today stepped down as directors. Also, in line
with the Board's objective of reducing the number of directors to a more
manageable size, Greg Meekings has stepped down as an independent non-executive
director effective today. The Board thanks these directors for their efforts and
contribution to the Company.

Ellis Bugg, an existing independent non-executive director of IT&e Limited, has
been appointed by the Board as interim Chairman, pending appointment of the new
Chairman.

Following these changes the composition of the Board of Directors is:

Ellis Bugg (independent non-executive Chairman), James Maranis (CEO), Simon
Yencken (Non-executive director), Ralph Pickering (Non-executive director), and
Jane Yuile (independent non-executive director).

About IT&e Limited

IT&e is a globally recognised technology company listed on both the Australian
Securities Exchange "ASX" and the "AIM" Market of the London Stock Exchange.

IT&e offers three flagship products to global financial institutions: RAZORTM,
NextSetPTXTM and Monarque(R). RAZOR enables organisations to more
cost-effectively address their market, credit and liquidity risk management
requirements. Razor clients include Royal Bank of Canada, ANZ, HSBC, ASX,
Federal Home Loan Bank, Pittsburgh & Man Group plc. PTX enables on-line trading
of over-the-counter securities across multiple asset classes. PTX clients
include NAB, ANZ & QTC. Monarque is a full STP solution covering Front to Back
Office requirements of Treasury and Capital Markets operations for major banks
and broking houses. Monarque clients include Bear Stearns, Brown Brothers
Harriman and the Chicago Mercantile Exchange.

IT&e is headquartered in Sydney, with offices in Melbourne, London, New York and
Chennai India. Our global network of highly skilled specialists consistently
provides superior technology services across the financial markets, trading and
risk management business areas.

For further information about IT&e, please visit our website 
http://www.ite-fs.com


Enquiries:

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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