REA GROUP LTD — Director's Dealing 2003

Sep 22, 2003

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	REALESTATE.COM.AU LIMITED
ABN	54 068 349 066

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MR MARTIN P HOWELL
Date of last notice	30 SEPTEMBER 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	DIRECT AND INDIRECT INTEREST
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinferest.	HIGHLAND ENDEAVOURS PTY LTD -DIRECTOR AND MEMBER
Date of change	18 AND 19 SEPTEMBER 2003
No. of securities held prior to change	50,000 ORDINARY SHARES (HELD BYMARTIN HOWELL)
	2,765,906 ORDINARY SHARES (HELDBY HIGHLAND ENDEAVOURS PTYLTD - DIRECTOR AND MEMBER)
	20,000 ORDINARY SHARES (HELD BYHOWELL SUPERANNUATION FUND -PARENT'S FUND)
	20,000 ORDINARY SHARES (HELD BYGERRY HOWELL - PARENT)
Class	ORDINARY SHARES
Number acquired

$+$ See chapter 19 for defined terms.

Number disposed	150000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$81295.85
No. of securities held after change	250,000 OPTIONS OVER UNLISTEDORDINARY SHARES(HELDBYMARTIN HOWELL)
	2,665,906 ORDINARY SHARES (HELDBY HIGHLAND ENDEAVOURS PTYLTD - DIRECTOR AND MEMBER)
	40,000 ORDINARY SHARES (HELD BYFAMILY MEMBERS)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	ON-MARKET TRADE

+ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	NIL
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No, and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

+ See chapter 19 for defined terms.