Pulse Investments (PULS)- Rights Issue

Pulse Investments Limited has advised that, by resolution of the Board dated April 14, 2008, the company will offer 18,119,312 ordinary shares to the members of the company by way of a non-renounceable Rights Issue. The stock will be offered at $7.00 per share. The Rights Issue will open on May 16, 2008 and close on May 26, 2008, unless extended. The record date will be May 5, 2008 and the X date is May 1, 2008.