ADSLOT LTD. — Interim / Quarterly Report 2007

Jan 24, 2008

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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

25[th] January 2008

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

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APPENDIX 4C – Quarterly Report

Please find attached the Company’s Quarterly Report for the period ending 31 December 2007.

Yours Sincerely

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Damian Element

Company Secretary

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity
ANSEARCH LIMITED
ABN 70 001 287 510	Quarter ended (“current quarter”)
70 001 287 510	31 December 2007

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material)	Current quarter $A’000	Year to date (6 months) $A’000
	4,220 (1,845) - - - (2,651) - 35 - - 86	8,864 (3,654) - - - (5,574) 42 (7) (65) 62
Net operating cash flows	(155)	(332)

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

	Current quarter $A’000	Year to date (6 months) $A’000
1.8 Net operating cash flows (carried forward)	(155)	(332)
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (provide details if material) Net investing cash flows 1.14 Total operating and investing cash flows	(1,054) - - (18) - - - - - - - - -	(2,166) - - (277) - - - - - - - - -
	(1,072)	(2,443)
	(1,227)	(2,775)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Other – Payments relating to issues of shares) Net financing cash flows	1,062 - - - - -	3,615 - - - - -
	1,062	3,615
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20	(165) 4,095 -	840 3,090
1.23 Cash at end of quarter	3,930	3,930

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter $A'000
1.24	Aggregate amount of payments to the parties included in item 1.2	98
1.25	Aggregate amount of loans to the parties included in item 1.11	-
1.26 Explanation necessary for an understanding of the transactions Directors Fees $71,427 Management Fees - Consulting Fees $26,920

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

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N/A
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• 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

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N/A
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Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount available $A’000	Amount used $A’000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

• See chapter 19 for defined terms.

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items inthe accountsis asfollows.	Current quarter $A’000	Previous quarter $A’000
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other – Held in solicitor’s trust account	3,714	3,829
	216	216
	-	-
	-	50
Total: cash at end of quarter(item 1.23)	3,930	4,095

Acquisitions and disposals of business entities

5.1 Name of entity 5.2 Place of incorporation or registration 5.3 Consideration for acquisition or disposal 5.4 Total net assets 5.5 Nature of business	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	Webfirm Pty Ltd & Searchworld Pty Ltd	N/A
	Perth - Western Australia	-
	$3.5 Million in cash 18.7 Million fully paid ANH Shares Refer Note4attached	-
	$770,000	-
	Web development and search engine optimisation.

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

• 2 This statement does give a true and fair view of the matters disclosed.

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Sign here: ..................................................... Date: 25 January 2008 Company Secretary Print name: Damian Element

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Notes

1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

4. 9.2 - itemised disclosure relating to acquisitions

5. 9.4 - itemised disclosure relating to disposals

6. • 12.1(a) - policy for classification of cash items • 12.3 - disclosure of restrictions on use of cash • 13.1 - comparative information

7. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

8. Acquisition of Business Entities . The Consideration will be paid in three tranches – the first being on settlement; the second on 30 June 2007 and; the final being at the end of October 2007. All issued equity with the exception of 5 million shares, are subject to escrow provisions set to expire on 31 December 2007. The businesses being acquired have around 2000 clients and approximately 45 staff. They will generate in excess of $3.5 million of revenue in the current financial year with a pre-tax profit of approximately $1 million.

9. See chapter 19 for defined terms.

24/10/2005

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