ADSLOT LTD. — Investor Presentation 2008

Apr 15, 2008

==> picture [191 x 30] intentionally omitted <==

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

16 April 2008

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

Page 1 of 4

Upcoming Shareholder Presentation

Ansearch Limited (ASX:ANH) advises that the following letter was sent to shareholders of the company today.

Yours Sincerely

==> picture [150 x 81] intentionally omitted <==

Damian Element Company Secretary

Editorial 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

==> picture [191 x 30] intentionally omitted <==

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

Dear Shareholder,

Shareholder Presentation and Update

It is with great pleasure that I invite you to attend one of the Company’s shareholder presentations to be held in both Sydney and Melbourne at the end of April.

Since David Burden’s appointment as CEO in February 2008, the Company has implemented a number of initiatives, including:

• a strategic review of the Company;

• subsequent restructure of the Company’s key operating divisions;

• consolidation of Finance, Administration and IT infrastructure, thereby achieving significant cost-reductions across the business;

• renewed focus on building and sustaining profitable revenue sources;

• assessing new revenue opportunities and pursuing key partnerships;

• development of corporate strategy.

I am delighted with the progress Mr Burden and the Executive team has made over the past two months, and we now wish to provide all shareholders with an update.

The sessions will be held as follows:

Melbourne: Monday 28th April, 2008 at 11:30am Bayview On The Park (Lakeside Room 2) 52 Queens Road, Melbourne, Victoria 3004 Sydney: Tuesday 29th April, 2008 at 11:30am The Grace Hotel (Pinaroo Room 2) 77 York Street, Sydney, New South Wales 2000

These sessions will enable you to meet the Board and Executive team of the Company and receive a presentation on the current operations and strategy of the Company.

All shareholders must register for these presentations either by:

• visiting www.corporate.ansearch.com/investors.html or

• calling Lisa Richards on (03) 8695 9110 during business hours.

Registrations must be received by close of business on Thursday 24[th] April 2008 .

For those shareholders who cannot attend on either of these days, the presentation will be recorded and made available on the Ansearch corporate website at www.corporate.ansearch.com.

I look forward to meeting you at these sessions.

Yours sincerely,

==> picture [126 x 43] intentionally omitted <==

Andrew Barlow Chairman

CEO Update

Ansearch is an exciting and innovative new media company, well positioned to play a major role in the online media space both regionally and globally.

Recognising that future growth in new media will be driven by significant online adoption by small to medium businesses (SME’s), strategically our focus is helping those SME’s do “better business online”. The unique and diverse skills within Ansearch allow our SME customers to build, promote and profit from their online activities.

Over the past eight weeks the Executive team of Damian Element (CFO & Company Secretary), Andrew Beecher (Head of Webfirm and Searchworld), Josh Edis (Head of Media - Search) and myself have carried out a strategic review of the business and its operation.

Our initial goal is to return the business to profit and positive cash flow as soon as possible. This is being achieved through:

• A clear strategy for the business, defining our operational boundaries;

• The termination of projects and resources not considered as core to our strategy;

• A tight focus on operating cost reduction, assisted through the growth of operational efficiencies; and,

• The growth of long-term sustainable revenue.

To drive this strategy Ansearch has been re-structured into four operating business units:

Ansearch Media - Display: (Previously known as Soush and ads-alliance) , this unit’s focus is the representation of on-line publishers’ advertising inventory to media buyers and agencies. Effectively, we sell the advertising space on these websites and retain a share of the revenue. The unique Ansearch strategy is to focus on representing the overseas websites that Australian Internet users visit. We are continually building our portfolio of highly trafficked international websites. Our recently announced exclusive Navteq contract is also operated through this unit and represents digital maps as a new media opportunity to agency buyers.

Ansearch Media – Search: We remain one of the few Australian companies with the rights to distribute both Google and Yahoo Search Marketing advertising feeds to Australian and international publishers. We enable our publisher customers to monetise their websites by providing advertising feeds for display on their websites. Visitors to the websites who click on an advertisement then generate revenue which we share a percentage of with the customer. In addition, we operate several unique and popular search engines such as www.ansearch.com.au and www.anzwers.com.au where the key focus is the growth of our visitors search queries and the monetisation of these queries through advertising feeds.

Webfirm: provides small and medium size businesses with websites specifically designed to drive new customers and sales. These custom built websites are fully optimised to be well positioned in the most frequented search engines. In addition Webfirm have a continuing revenue stream from the ongoing hosting and management of these sites. The Webfirm business model has been developed over the past seven years and just last week we announced the expansion of this business to Melbourne in July 2008. Over 95% of the current Webfirm revenue is from Perth based SME’s. The expansion to Melbourne and beyond gives us the opportunity to tap into the much larger eastern states SME’s.

==> picture [57 x 19] intentionally omitted <==

==> picture [77 x 17] intentionally omitted <==

==> picture [69 x 13] intentionally omitted <==

==> picture [151 x 38] intentionally omitted <==

Searchworld: was previously operating inside Webfirm but it is in the process of expanding as a stand-alone business unit. Searchworld provides SME’s with Search Engine Optimisation (SEO) and Search Engine Marketing (SEM) services. The Search Engine Optimisation and Search Engine Marketing services equip SME’s with the tools and techniques needed to successfully promote their websites in major search engines. A new Internet based tool that allows SME’s to easily participate in managed “do it yourself” Search Engine Marketing will be launched shortly.

Following a weak, but encouraging December quarter, Ansearch’s third quarter has experienced month on

month improvement. We expect the last quarter of this Financial Year and the first quarter of next Financial Year to show substantial improvements as we head to our goal of profitability and positive cashflow.

I remain extremely confident that Ansearch has a bright future and I look forward to meeting many of our loyal shareholders during our April presentations.

==> picture [109 x 61] intentionally omitted <==

David Burden

Chief Executive Officer