RENT.COM.AU LIMITED — Capital/Financing Update 2003

Apr 29, 2003

Select-Tel Limited PO Box 46 Armadale Vic 3143 Telephone: 9824 8166 Facsimile: 9824 8161

EXPIRY OF OPTIONS

30 April 2003

We advise that 5,042,101 listed options (SLTOB) exercisable at \$0.72 on or before 30 April 2003 which are held by 186 individual shareholders will expire as of 5.00 pm EST today.

$\mathcal{L}_{\text{max}}$ .

Phillip Hains Company Secretary