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Island Pacific to Announce Second Quarter Results

From: ASAP

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Island Pacific (AMEX: IPI), announced last week that it will release its second quarter results for the period ended September 30, 2003 on Wednesday, November 12, 2003 after the market closes. After the release, the companyís executives will host a conference call to discuss these results.

The conference call will take place at 4:30 p.m. EDT later that day. Interested participants should call (800) 240-2134. There will be a playback available as well, beginning two hours after the call. To listen to the playback, please call (800) 405-2236. Please use pass code 558905 for the replay.

The call will also be broadcast over the Internet. The webcast can be accessed at www.actioncast.acttel.com, event ID 18657.

About Island Pacific For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low-cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customerís needs. As a result, Island Pacific is the definitive resource for scalable, flexible and affordable solutions for retailers around the world.

With nearly 200 customers, Island Pacific and its solutions are represented in more than 30,000 stores worldwide, and manage more than 1.5 billion transactions annually. Founded in 1978, the company is headquartered in Irvine, California, and has offices in the United States and the United Kingdom. For more information, please visit www.islandpacific.com.

Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company's future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company's (SVI) Form 10-KA for the fiscal year ended March 31, 2003 and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission. IPI undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.

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