RENT.COM.AU LIMITED — Board/Management Information 2003

Mar 31, 2003

BOARD CHANGES

1^st April 2003

In anticipation of completing the transaction with the Macfarlane Burnet Institute for Medical Research and Public Health (as announced to the market on 23^rd January 2003), Select-Tel Limited (ASX Code: SLT) is making a number of changes to its Board.

SLT is pleased to announce the appointment of Dr Martin Soust as CEO and Executive Director. Dr Soust has had a career in medical research and small medium sized enterprise management. He obtained his BSc (Hons) at the University of Melbourne and his PhD with Monash University's Centre for Early Human Development at the Monash Medical Centre.

After a successful period in medical research, Martin embarked upon a management career. He completed his MBA (at Monash University) whilst he held management roles in a number of enterprises and he spent several years managing national associations. Between 1999 and 2002 Dr Soust provided management consulting services to organisations operating in the biomedical sciences.

Dr Soust has a strong background in the commercialisation of R&D. In this general role he undertook investigations into potential markets for new therapeutic agents, developed research protocols and provided interim management services for several start-up companies. He has extensive experience in commercial negotiations, research and development planning, and the technical and commercial management of biomedical projects.

Mr Bryan Frost, Executive Chairman of SLT said "Martin has a very strong background in licensing and commercialisation and brings to the company a wealth of valuable experience. He will play a key role in the future of the Company."

In order to accommodate this new Board appointee Mr Richard Revelins, a Director since 21^st January 2002, has resigned from the Board. The Board offers its thanks and appreciation to Mr Revelins for his efforts whilst a Director of the Company."

The Company is currently engaged in finalising the transaction with the Burnet Institute and expects to make further announcements regarding this in the near future.

B.J Frost EXECUTIVE CHAIRMAN