MARKET ANNOUNCEMENT

13 November 2002

COMPANY UPDATE
The purpose of this announcement is to update UXC Ltd shareholders with recent developments following the merger with DVT Holdings Ltd.

Effective today, 13 November 2002, the ASX ticker for UXC Ltd will be “UXC”.

Also effective today UXC commences trading ex dividend. The 3 cent fully franked dividend will be paid on or about 25 November 2002.

The new UXC web page (www.uxc.com.au) is currently being propagated and will be fully functional within days. In the interim shareholders may also access information via the previous Utility Services Corporation Ltd web page at www.utilityservices.com.au .

Among recent additions to the web page is a research report prepared by Aegis Equities Research, which examines UXC following the merger. The report concludes that:

“UXC has a high growth, low risk organic earnings profile and is poised to record significant earnings growth following a series of recent acquisitions”

UXC continues to seek acquisition and growth opportunities and expects to have further announcements in this regard in the near future.

For more information please contact:
Mr Geoff Lord
Executive Chairman
UXC Limited
Tel: (03) 9941 3100
Mr Mark Hubbard
Company Secretary
UXC Limited
Tel: (03) 9224 5777

Toll Free Shareholder Information Line:
1800 092 092

About UXC Limited
UXC Limited is an ASX listed Australian Technical Services company with a market capitalisation of over $70 million, revenue running at an annual rate of $150 million and approximately 850 employees.
UXC is engaged in the provision of Business and IT services (Consulting, Applications, Integration and Maintenance), Infrastructure Support Services (Desktop, Server, Network, Storage, Voice) and Utility Asset and Data Management (inspection and maintenance of electricity distribution assets and the provision of utility meter installation, reading, and related data management services).