REA GROUP LTD — Remuneration Information 2003

Jun 19, 2003

ABN 54 068 349 066

Registered Office: Level 5 255 George Street Sydney NSW 2000

Phone: (02) 9252 1933 Fax: (02) 9252 2487

20 June 2003

CEO's Remuneration

The Directors are pleased to announce that they have reached agreement with Mr Simon Baker as to the basis on which he will serve a further term as CEO of realestate.com.au Limited.

Effective 1 November 2003, until 30 June 2005, the key elements of Mr Baker's package will be:

Base remuneration

$340,000 (including superannuation)

Performance-based remuneration

$90,000 (including superannuation)

The performance-based element is calculated with reference to achievement of half yearly and annual profit and revenue targets and is not referable to the Company's share price.

A mutual termination period of three months will be included in the CEO's contract of employment.

By Order of the Board

N J V Geddes Secretary

For further information please contact: John Niland Chairman realestate.com.au Tel: (02) 9363 5561