RENT.COM.AU LIMITED — Capital/Financing Update 2005

Apr 28, 2005

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Select Vaccines Limited

ABN

25 062 063 692

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+ Class of + securities issued or to be	a)	Ordinary Shares
	issued		b) Unquoted Options
		C)	Ordinary shares
		d).	Unquoted Options
		e)	Unquoted Options
2	Number of + securities issued or to	a)	3,741,309
	be issued (if known) or maximum	b).	1,000,000
	number which may be issued	C)	4,000,000
		d)	2,000,000
		еł	1.000.000

+ See chapter 19 for defined terms.

• Principal terms of the *securities 3 (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if securities. *convertible the conversion price and dates for conversion)
• a) Pari passu with existing ordinary shares $(SLT)$
• b) Unquoted Options exercisable at $0.30 on or before 31 May 2008, issued under the 2005 ASX Plan
• c) Ordinary Shares, Escrowed to 29 April 2007
• d) Unquoted options, exercisable at $0.44 on or before 29 April 2009, escrowed until 29 April 2007
• e) Unquoted options, exercisable at $0.435 on or before 29 April 2008, escrowed until 29 April 2006

$+$ See chapter 19 for defined terms.

4	Do the "securities rank equally in allrespects from the date of allotmentwith an existing "class of quoted*securities?If the additional securities do notrank equally, please state:the date from which they do$\bullet$$extent$ towhich theythe٠participate for the next dividend,caseоf(intheatrust,distribution) or interest paymentthe extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment	Yesa)b) Noc) Yes, after release from escrow on 29April 2007d) Noe) No
5.	Issue price or consideration	Placement at $0.42, as per approveda)Resolution 8 at AGM dated 22 April2005b) As per approved Resolutions 12 and 13at AGM dated 22 April 2005c) As per approved Resolution 6 at AGMdated 22 April 2005d) As per approved Resolution 6 at AGMdated 22 April 2005e) As per approved Resolution 7 at AGMdated 22 April 2005
6	Purpose of the issue(If issued as consideration for theacquisition of assets, clearly identifythose assets)	Placement at $0.42, as per approveda)Resolution 8 at AGM dated 22 April2005b) As per approved Resolutions 12 and 13at AGM dated 22 April 2005c) As per approved Resolution 6 at AGMdated 22 April 2005d) As per approved Resolution 6 at AGMdated 22 April 2005e) As per approved Resolution 7 at AGMdated 22 April 2005
7	Dates of entering + securities intouncertificated holdings or despatchof certificates	27 April 2005a)29 April 2005b)29 April 2005c)29 April 2005d).29 April 2005e)

+ See chapter 19 for defined terms.

	Number	*Class
8and + classNumber- of --allASX*securitiesquotedon(including the securities in clause)2 if applicable)	37,981,305	OrdinaryShares(SLT)including4,000,000sharesescrowed to 29 April2007
	7,637,987	Options exercisable at$0.80 on or before 12008February(SLTO)
	8,455,837	Options exercisable at$$0.20$ on or before $31$May 2008 (SLTOA)

$+$ See chapter 19 for defined terms.

		Number	*Class
9.	and*classofallNumber"securities not quoted on ASX(including the securities in clause2 if applicable)	5,000,000	OrdinaryShares.escrowed until 3 July2005 (SLTAI)
		8,750,000	Options exercisable at$0.20 on or before 31May 2008, escroweduntil 3July 2005(SLTAM)
		350,000	Options exercisable at$$0.20$ on or before 30June 2006 (SLTAK)
		1,400,000	Options exercisable at$$0.30$ on or before $30$April 2008 (SLTAO)
		500,000	Options exercisable at$0.30 on or before 30October2008(SLTAQ)
		1,000,000	Options exercisable at$0.30 on or before 31May 2008, grantedunder the 2005 ASXPlan
		2,000,000	Options exercisable at$0.44 on or before 29April 2009, escroweduntil 29 April 2007
		1,000,000	Options, exercisable at$0.435 on or before 29April 2008, escroweduntil 29 April 2006

Dividend policy (in the case of atrust, distribution policy) on theincreased capital (interests) $10,$

Unchanged

$\overline{\text{+}$ See chapter 19 for defined terms.

Part 2 - Bonus issue or pro rata issue

$\mathbf{11}$	holderapprovalsecurityIsrequired?
12	Is the issue renounceable or non-renounceable?
13	Ratio in which the "securities willhe offered
14	Class of securities to which theoffer relates
15	determine*Recorddatetoentitlements
16	Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?
17	Policy for deciding entitlements inrelation to fractions
18	Names of countries in which theentity has *security holders whowill nothesentissue.newdocuments
	Note: Security holders must be told how theirentificments are to be dealt with.
	Cross reference: rule 7.7.
19	Closingdateforreceiptofacceptances or renunciations

$+$ See chapter 19 for defined terms.

20	Names of any underwriters
21	Amount of any underwriting fee orcommission
22	Names of any brokers to the issue
23	Fee or commission payable to thebroker to the issue
24	handlingfceAmount of anypayable to brokers who lodgeacceptances or renunciations onbehalf of *security holders
25	If the issue is contingenton"security holders"approval,thedate of the meeting
26	Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sent topersons entitled
27	If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders
28	Date rights trading will begin (ifapplicable)
29	Date rights trading will end (ifapplicable)
30	How do *security holders sell theirentitlements in full through abroker?
31	How do *security holders sell partof their entitlements through abroker and accept for the balance?

$\overline{\text{+}$ See chapter 19 for defined terms.

• 32 How do *security holders dispose of their entitlements (except by sale through a broker)?
• 33 +Despatch date

Part 3 - Ouotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities $(iick one)$

$(b)$

• $(a)$ Securities described in Part 1
  • All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

100,001 and over

• 35 If the "securities are "equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders If the "securities are "equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$
• 37

A copy of any trust deed for the additional "securities

+ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought
• Class of *securities for which 39 quotation is sought
• Do the *securities rank equally in all 40 respects from the date of allotment with an existing "class of quoted *securities?

If the additional securities do not rank equally, please state:

• $\bullet$ the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and *class of all *securities 42 quoted on ASX (including the securities in clause 38)

+ Class

Quotation agreement

• $\mathbf{I}$ *Ouotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
  • The issue of the *securities to be quoted complies with the law and is not for $\bullet$ an illegal purpose.
  • There is no reason why those *securities should not be granted *quotation.
  • An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any "securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the ė Corporations Act in relation to the 'securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.

+ See chapter 19 for defined terms.

• $\overline{3}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before *quotation of the *securities begins. We acknowledge that $\overline{ASX}$ is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

Date: 29 April 2005

Print name:

Peter Marks

Director

== == == == ==

+ See chapter 19 for defined terms.