The Servcorp Company History Timeline

• Alf Moufarrige founded Servcorp in 1978
• Servcorp pioneered the Virtual Office concept in 1980
• Servcorp expanded to Singapore then throughout South East Asia, France and Japan
• Servcorp was publicly listed on the Australian Stock Exchange (SRV) in 1999
• Launch of Servcorp Online
• Further global expansion

Alf Moufarrige, as the quintessential entrepreneur, was about to begin a new venture in 1976. First, he required an office space, receptionist and secretarial support, like any new business starting out. He quickly acknowledged that these overheads were eating into his profits and that he was not able to keep this team occupied 100% of the time. He looked to share the space, share a receptionist, share a secretary, share the costs, and reduce the overheads.

The idea of Servcorp began!

In a corner office space in the MLC Centre Sydney in 1978 he started with a piece of chalk to mark out the furniture. From here; the idea took hold and grew organically. As he sold one office, he acquired the next. The space quickly grew to one-quarter of a floor with 16 offices.

With enthusiasm, passion and a clear vision of why his formula of Serviced Offices 'multi-tenanted office accommodation' would work, he started to build Servcorp. Alf's formula was simple and he could explain it on the back of an envelope.

Servcorp, within 12 months, had two floors in the MLC Centre Sydney and a location in Melbourne CBD. To this day, the formula behind "Why Servcorp works" has not changed - provide the best city location; create a professional environment with the very technology solutions and team support. A Servcorp Serviced Office is the ideal choice for a company wanting the corporate presence, infrastructure and support of a multi-national without wanting to make the capital investment and commitment normally required. Alf was committed to providing the most cost-effective office solution which allowed clients to focus on their own business and not worry about running the office.

Alf recognised a growing number of home businesses looking for a cost effective city presence and his Servcorp formula was becoming an international success. Alf created the world's first "Virtual Office" in 1980. A Servcorp Virtual Office® allowing businesses to have the presence support and facilities of a serviced office without the cost of full time office space.

Servcorp, over the following years, expanded into Singapore, France, Japan and across South East Asia, closely followed by expansion into Belgium, the Middle East, China, India and New Zealand.

In 1999, Servcorp was publicly listed on the Australian Stock Exchange (SRV).

31 years on, the formula remains the same: focus on providing business solutions to help our clients save time and money. Servcorp has become a global network which continues to expand. Servcorp's offering is now built around the converged network allowing clients ultimate portability and flexibility to do business at anytime, from anywhere in the world!

Servcorp's community service focus is to support and assist continuing research into the prevention and cure of cancer and assisting young, seriously or terminally ill members of the community.

Servcorp holds charity functions and balls, runs raffles and undertakes donation drives all year round in all locations. Every dollar that is raised by our teams on the ground is matched dollar for dollar by Servcorp. This year the organisations we strongly supported included:

The Rotary Club of Sydney
Youngcare
MRC Cancer Research
Dry July
MS Society
The Cancer Council
St Vincent Hospital - Sydney
The Mater Hospital
Breast Cancer Foundation
MAKNA - KL Cancer Council
Assisi Hospice - Singapore
Tyler Foundation - Japan
Seeing is Believing - Hong Kong

Servcorp also contributed to many other local charitable organisations around the world.

In Australia, Youngcare continues to be the focus of our fundraising. For more information please visit their website at www.youngcare.com.au. Taine Moufarrige was appointed a Director of this organisation in June 2009.

We are proud of the fact that as a global company we work with our local communities to bring about real change for good. We'd like to thank our clients and those who contributed to the success of our fundraising for the year.

Servcorp also sponsors and supports the Australian Chamber Orchestra and The Art Gallery of NSW.

Servcorp acknowledges the seriousness of climate change and the impact high concentrations of greenhouse gases in the atmosphere are having on our planet. There is growing need for businesses to become sustainable to ensure the protection of the environment from further damage.

The Green Offices Project is our global platform for proactive initiatives that reduce our impact on the environment and highlights green issues within our teams and client base.

As part of The Green Offices Project Servcorp plants a tree for every Virtual Office sold online through the Servcorp website. Virtual Offices, which are inherently environmentally friendly, continue to be a driving force behind the Green Offices Project.

The project aims to reduce our carbon emissions, offset our existing footprint and educate our teams and clients about improving their day-to- day impact on the environment. We have three distinct areas of focus; Reduce, Offset and Educate.

Servcorp has already planted more than 20,029 trees and the 'Servcorp Forest' now covers more than 100,000 square metres of regional land and is greater than the combined floor space occupied by our network of offices, globally.

The Servcorp forest will already sequester more than 3701 tonnes of carbon dioxide from the atmosphere during its lifespan.  This is the equivalent to taking more than 994 cars of the road for one year and offsetting our Sydney Head Offices greenhouse gas emissions from waste for the equivalent of five years!

Please visit our Australian website's Corporate Governance page to read our annual reports and latest press releases.

AIB-Vinçotte International

We have been a client of Servcorp for nearly 7 years.
Since moving into a Servcorp office, our business enviroment has been extremely improved.
The high level of commitment and positive attitude of secretaries make our guests impressed.
We have never found better one. This issue has maintained our commitment to remain with Servcorp.
I have no hesitation in recommending the services of Servcorp and their facilities who wants to start own business with no troublesome things.

Patrick De Valck

Product Manager Homologation

Cisco Systems

I would like to thank you for your support over the last few years during which time you have no doubt helped us grow to a size where we have now achieved our independence.
I would be happy to recommend your services to any prospective clients.

Steve Coad

Country Manager Cisco Systems

KPMG Consulting, LLC

As the involvement in the Cable and Wireless project has come to an end for many of the KPMG staff, including myself, it is an excellent opportunity to thank you and your team for the superior support and atmosphere you have provided during our stay in Hong Kong.
It is obvious that Servcorp takes great pride in its personnel and expends great effort in recruiting the best.
The consistently high level of support and professional environment, diligence in anticipating and meeting customer needs, and the bright and cheery attitude of the entire Servcorp staff, serves not only to set a high benchmark for other members of the Hong Kong professional services community to achieve, but also reflects exceptional credit on Servcorp, its management and staff, and on the Hong Kong SAR.
I would be honored to work with your team at any time in the future.
Best Wishes for Success and Prosperity to you and your team.

Robert G. (Greg) Starr

Senior Consultant, Communications and Content

Motorola Australia Pty Limited

We particularly selected Servcorp because of their professional services offered.
The level of service promised was not only maintained but often exceeded our expectations.
Our requests for service ranged from the smallest to arranging large meetings and receptions which, were attended to immediately and with nothing but the highest level of professionalism.
I was also continually impressed with Servcorp's front office and the way that the phones. were answered and guests were addressed in our company's name.
Reception staff knew our staff names and details with intimate detail.
Visitors always commented that they thought our company owned the whole office.

Darren Tuohy

Sl Manager Australasia