IGNITE LIMITED — Capital/Financing Update 2004

22 March 2004

CANDLE AUSTRALIA TO UNDERWRITE DRP

Australasia's leading white collar recruitment company, Candle Australia Limited, advises that it has appointed Patersons Corporate Finance to underwrite its Dividend Reinvestment Plan (DRP). The underwritten DRP will raise \$1,532,862 of which Patersons Corporate Finance will contribute \$1,199,862.

The Dividend Reinvestment Plan allows Candle shareholders to use the recently announced fully franked 4c per share dividend to acquire Candle shares at a 2.5% discount.

Patersons will take up all remaining DRP qualifying shares and place these shares in the market to institutional investors.

According to Robert Collins, the Managing Director of Candle Australia Limited, "Candle has a very strong balance sheet and has been able to fund two recent acquisitions from existing cash-flows".

"The transaction will have no material impact on earnings per share, but will supplement our existing capacity to fund additional acquisitions".

For more information:

Robert Collins – Managing Director – Candle Australia Limited – 02 9250 8100