ADSLOT LTD. — Capital/Financing Update 2008

Jul 28, 2008

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Ansearch Limited ABN 70 001 287 510 Level 3, 95 Coventry Street South Melbourne Vic 3205 Australia Phone + 61 3 8695 9199 Fax + 61 3 9696 0700

29 July 2008 Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street, SYDNEY NSW 2000 By: eLodgement

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Equity Raising for Key Projects

Ansearch Limited (ASX Code: ANH) is pleased to announce that it has completed the first tranche of a capital raising to assist with the funding of its future business plans. The first tranche involves the issue of 72,000,000 ordinary shares at $A0.012 per share to raise $A864,000 (before payment of issue expenses).

BGF Corporate Pty Ltd, which has been appointed by the Company to manage the capital raising, has arranged for the shares to be placed with a range of specialist institutions and sophisticated investors. The Directors were pleased with the level of response, with the offering being heavily oversubscribed.

The second tranche of the capital raising involves the placement (at the same price of $A0.012 per share) of a further approximately 37,500,000 shares to raise approximately $A450,000.

As the placement comprising the second tranche involves both the issue of shares in excess of the maximum number that may be issued by the Company under the ASX Listing Rules in any 12 month period without shareholder approval and the issue of shares to Directors of the Company, the issue of the second tranche shares is conditional on shareholder approval. The Company intends to convene a meeting of its shareholders in early September 2008 for that purpose.

The third tranche of the capital raising involves an offer to all shareholders under a Share Purchase Plan (SPP). The offer of shares under an SPP will facilitate all shareholders having the opportunity to subscribe for further shares in the Company at the same price (i.e. $A0.012 per share) as the Directors and other participants in the first and second tranches of the capital raising. Subject to approval by the shareholders of the second tranche of the capital raising, it is expected the offer under the SPP will be made to shareholders in September 2008.

The funds raised by the capital raising will be applied across a range of growth initiatives including:

• Expansion of the Webfirm retail outlets;

• Establishment of an agency reseller network for Searchworld;

• Marketing of Search Engine Marketing products;

• Marketing of new search engine incorporating blinkx video search;

  • Development of a range of new mobile initiatives ; and

  • Additional working capital.

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Andrew Barlow Chairman

Contacts – Ansearch Limited:

David Burden CEO Ph: + 61 3 8695 9164; 0407 44 33 44 Email: david.burden@ansearch.com

Damian Element CFO/Company Secretary Ph +61 3 8695 9104; 0416 286 642 Email: damian.element@ansearch.com