MYOB Means Business on theMacintosh.

Business & High-Tech Editors

NEW YORK--(BUSINESS WIRE)--July 19, 2000

Small Business. Smart Solutions.(SM)

MYOB US, Inc. Announces MYOB(R) AccountEdge(TM) for the Mac

MYOB US, Inc., developers of MYOB Accounting Plus, today announced MYOB AccountEdge,

A powerful and technologically advanced business management solution, AccountEdge represents MYOB's aggressive support of Macintosh small businesses and emphasizes the company's commitment to providing modern technology in state of the art products.

MYOB accounting products were originally developed on the Macintosh in 1989, and have been consistently updated since. AccountEdge is unique in that it represents a greater focus on Macintosh development and includes advanced Macintosh specific features. CEO of MYOB Limited, Craig Winkler said, "The clear winners are the small business owners. They can trust their critical financial information to AccountEdge with the assurance that it's produced by a company that has demonstrated continued reliability and support of the Macintosh community."

David Tolleth, General Manager of MYOB US, Inc., said, "For over 10 years MYOB has been a leader in serving the Macintosh small business community. The release of AccountEdge signals a serious stepping up of MYOB's commitment to Macintosh small businesses through a vigorous investment in product, technology and brand awareness initiatives. It's an exciting time in MYOB's history and we plan to make the most of it."

"The Mac's simplicity and ease of use make it the perfect platform for small businesses to run their daily operations," said Clent Richardson, Apple's vice president of Worldwide Developer Relations. "We are extremely delighted by MYOB's commitment to Mac OS X and this amplifies their long standing commitment to the Macintosh. We know AccountEdge's unmatched accounting capabilities will fill a void for small business users worldwide."

Wrapped in a fresh interface with photo realistic icons and a crisp organizational flow, AccountEdge successfully blends functionality with design, offering a smooth, at-your-fingertips workflow. AccountEdge has been designed to take full advantage of the new Aqua interface of Mac OS X. Feature advancements include invoice and check registers that make it easy to find open invoices, credits, quotes, payments and other transactions quickly and easily. AccountEdge's robust contact management system increases productivity, while its referral source makes it easy to track the relative success of each sales and marketing campaign. AccountEdge also inherits the signature features of other MYOB products, including multiple currency accounting, professional time billing, powerful inventory, comprehensive payroll and seamless emailing of invoices and purchase orders. AccountEdge is multi-user ready and cross platform accessible. For Mac QuickBooks(R) users, MYOB AccountEdge will include a data file conversion utility allowing those businesses to effortlessly migrate to the best business management solution on the Macintosh.

AccountEdge is scheduled for release this Fall. Users of MYOB Accounting Plus may upgrade to AccountEdge. Those who purchase the retail edition of MYOB Accounting Plus Version 9 will receive special upgrade incentives for AccountEdge. For more information, call MYOB Customer Service at 800-322-MYOB or visit the MYOB Web site at www.myob.com/us.

MYOB US, Inc. is a subsidiary of MYOB Limited, and one of the MYOB Group companies. With affiliates and publishing partners worldwide in the United States, Canada, Australia, the United Kingdom, New Zealand, South Africa, Singapore and Malaysia, the MYOB Group companies have helped more than 450,000 small businesses manage their finances more efficiently. MYOB US, Inc. has been on the front lines of the micro-computer information revolution since 1983.

MYOB's home page on the World Wide Web can be found at www.myob.com/us. Information on MYOB Ltd., a publicly traded company (ASX:MYO) can be found at www.myob.com.

MYOB and the MYOB logo are registered trademarks, AccountEdge is a trademark and "Small Business. Smart Solutions." is a service mark, of MYOB Limited.

Apple and Macintosh are trademarks of Apple Computer, Inc., registered in the U.S. and other countries.

Other products mentioned may be trademarks or registered trademarks of their respective companies.