NBN Co Awards Accenture Five-Year HR Services Contract

SYDNEY; March 3, 2010 - NBN Co Limited, the company established to deliver the national broadband network in Australia, has awarded Accenture (NYSE: ACN) a five-year contract to provide all core HR administration services to the organization.

Under the terms of the contract, Accenture will provide HR administration, records management, recruitment administration and performance and rewards administration to NBN Co, leveraging Accenture’s existing services capability in Australia and HR services delivery network.

Given that NBN Co is a new business with a rapidly expanding employee population, the contract with Accenture will allow NBN Co to maximize its flexibility to rapidly scale operations and minimize costs.

About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 176,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is www.accenture.com.

# # #

Gary Morgenstern
+1 973-301-3347