REA GROUP LTD — Director's Dealing 2003

Jul 3, 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
JABN	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 SAM R WHITE
Date of last notice	16 DECEMBER 2002 -THIS IS AN AMENDED VERSION OF THAT NOTICE

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	INDIRECT INTEREST
Nature of indirect interest	SONGPAN PTY LIMITED (ACN 101 428 291) IS THE
(including registered holder)	REGISTERED HOLDER OF THE SECURITIES IN
Note: Provide details of the circumstances giving rise tothe relevant interest.	REALESTATE.COM.AU LIMITED. SAM RAYMOND
	WHITE IS THE LEGAL AND BENEFICIAL OWNER OF
	THE SECURITIESOF.-INJESPIN100%
	INVESTMENTS PTY LTD (ACN 065 748 227) WHICH
	OWNS 33.33% OF KASMORE PTY LTD (ACN 070 545
	489) WHO IS THE PARENT OF AND CONTROLS
	SONGPAN PTY LIMITED.
Date of change	13 DECEMBER 2002
No. of securities held prior to	BY.14,568,817 ORDINARY SHARES(HELD)
change	SONGPAN PTY LIMITED)
	60,000 (HELD BY BB NOMINEES PTY LIMITED -
	BENEFICIAL HOLDER)
	1,250,000 OPTIONS OVER EXISTING SHARES (HELD
	BY SONGPAN PTY LIMITED)
	1,250,000 OPTIONS OVER EXISTING SHARES (HELD
	BY SONGPAN PTY LIMITED)

$+$ See chapter 19 for defined terms.

Class	ORDINARY
Number acquired	$2,500,000$ ORDINARY SHARES 1
Number disposed	2,500,000 ORDINARY SHARES
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$400,000.00
No. of securitiesheldafterchange	ΒY14.568.817SHARES(HELD)ORDINARYSONGPAN PTY LIMITED)60,000 (HELD BY BB NOMINEES PTY LIMITEDBENEFICIAL HOLDER)
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment.plan, participation in buy-back	OFF MARKET EXERCISE OF OPTIONSOFF MARKET TRADE 2

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
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed

1 1,250,000 ordinary shares were transferred off-market on 11 December 2002 from National Ski Pty Limited to Songpan Pty Limited in accordance with the option agreement entered into by Songpan Pty Limited and National Ski Pty Limited on 20 August 2002. 1,250,000 ordinary shares were transferred off-market from JFT Investments Pty Limited to Songpan Pty Limited in accordance with the option agreement entered into by Songpan Pty Limited and JFT Investments Pty Limited on 20 August 2002.

<sup>2 2,500,000 ordinary shares were transferred off-market on 13 December 2002 from Songpan Pty Limited to entities that are not associated with the director.

$+$ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

+ See chapter 19 for defined terms.