Austrailian Software Leader MYOB To Distribute NetSuite Targeting Medium-Sized Businesses

MYOB-Branded Version of NetSuite Provides On-Demand Application Suite to Growing
Companies in Australia and New Zealand

SAN MATEO, Calif., -- June 24, 2005 - NetSuite, the leader in on-demand business
management software, today announced a partnership to distribute NetSuite to
medium-sized businesses in Australia and New Zealand with MYOB (ASX: MYO), a
developer of small-medium business management software. NetSuite will be co-branded
as MYOB NetSuite and will be sold to end-user companies via MYOB's extensive
distribution network.

The selection of NetSuite as MYOB's mid-range solution represents a strategic
move by MYOB in the mid-market with an on-demand service. The offering will
be delivered in partnership with Net Return (see accompanying release “MYOB Strengthens
Mid-market Position in Partnership with Net Return”), NetSuite's distributor
in Australia and New Zealand. For more information about NetSuite and NetSuite
CRM+, visit: www.netsuite.com/myob .

MYOB is the leading supplier of business management solutions to small-medium
businesses in Australia and New Zealand. In Australia, MYOB accounts for 67 percent
of the back-office software market according to the GfKGroup. With the growing
demand for Web-based services such as NetSuite, MYOB decided to partner with
the leading on-demand software vendor to provide its customers an alternative
once they out-grow existing “self-managed” applications. NetSuite is the only
major application service provider to deliver its applications locally from an
Australian data center, providing more security and higher performance for local
customers.

MYOB will offer NetSuite's namesake product that integrates CRM, ERP and eCommerce.
In addition, it will offer the company's powerful NetSuite CRM+ offering for
existing customers seeking an on-demand CRM solution. Having established its
market leadership in the on-demand business software category, NetSuite has more
than 7,500 customers and the company's products have won numerous industry accolades
including No. 12 in the Inc.Magazine 500 (NetSuite was ranked Silicon Valley's
fastest growing on-demand software company); PC Magazine's Technical Excellence
Award, and the Codie Award for “Best Software Service” by SIIA (Software & Information
Industry Association).

“We are making a big commitment to serving medium-size businesses with an on-demand
service,” said Craig Winkler, CEO of MYOB. “By partnering with NetSuite, we have
the best on-demand application suite to offer to our new and existing customers.”

“With this partnership, we will be able to reach out to thousands of small and
medium businesses in Australia and New Zealand,” said Zach Nelson, CEO of NetSuite.
“MYOB will play an important role in propagating on-demand integrated business
solutions in Australia and New Zealand, which will accelerate the adoption of
on-demand applications globally.”

About MYOB
MYOB is a global provider of solutions that liberate business owners and accountants
from the burden of day-to-day administration, empowering them to achieve business
success. MYOB develops and delivers award-winning software, services and support
for more than 500,000 businesses and over 10,000 accounting practices worldwide.

Owner-operated businesses are the most dynamic force in the world economy and
yet they are universally challenged by limited resources. MYOB uses its knowledge,
expertise and scale to help them build better businesses.

MYOB also works directly with accounting practices to streamline their processes
and maximise their productivity. MYOB solutions are used by leading accounting
practices from tax agents and sole practitioners to the 'Big 4' firms.

Through its understanding and partnership with both business owners and accountants,
MYOB strives to further enhance the links between them for their mutual benefit.
MYOB Limited is a public company listed on the Australian Stock Exchange (ASX
symbol 'MYO').

About NetSuite
NetSuite, Inc. was founded in 1998 by Oracle CEO and chairman Larry Ellison and
his leading technology guru and current NetSuite CTO, Evan Goldberg, to bring
the power of integrated application suites to small and mid-size companies. From
the introduction of its first online accounting application in 1999, to the 2002
launch of NetSuite, to becoming the first mid-market integrated CRM/ERP/eCommerce
application, the company has led the market in creating a new standard in business
applications. Delivered as on-demand applications, NetSuite can reduce the cost
of business applications by as much as 90 percent as there is no hardware to
procure; no large, up-front license fees; and no resources required to install,
maintain, or upgrade the system. With more than 7,500 companies having licensed
NetSuite's products, NetSuite is the largest provider of online business applications
in the world. For more information about NetSuite, visit www.netsuite.com .

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Australian Software Leader MYOB to Distribute NetSuite Targeting Medium-Sized
Businesses

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