RENT.COM.AU LIMITED — Capital/Financing Update 2012

Oct 29, 2012

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TERMS AND CONDITIONS OF LISTED OPTIONS

• (a) Each Existing Option entitles the holder to subscribe for and be allotted one ordinary share in the capital of the Company. The exercise price is $0.20 per Existing Option (the Exercise Price ).

• (b) The Existing Options are exercisable at any time prior to 5.00pm (Melbourne time) on 31 July 2013 (the Expiry Date ), by notice in writing to the Company accompanied by payment of the Exercise Price.

• (c) The Existing Options are transferable and are listed on the Official List of the ASX.

• (d) Shares will be allotted and issued pursuant to the exercise of Existing Options not more than 10 business days after receipt of a properly executed notice of exercise and payment of the requisite application moneys.

• (e) Shares issued upon exercise of the Existing Options will rank pari passu in all respects with the Company's then issued Shares. The Company will apply for Official Quotation by ASX of all Shares issued upon the exercise of Existing Options within 3 Business Days after the date of allotment of those Shares.

• (f) There are no participating rights or entitlements inherent in the Existing Options and holders will not be entitled to participate in new issues of capital offered or made to the Shareholders during the currency of the Existing Options. However, the Company will send a notice to each optionholder at least 10 business days before the record date for any proposed issue of capital. This will give optionholders the opportunity to exercise their Existing Options prior to the date for determining entitlements to participate in any such issue.

• (g) There are no rights to a change in the exercise price, or in the number of shares over which the Existing Options can be exercised, in the event of a bonus issue by the Company prior to the exercise of any Existing Options.

• (h) In the event of any reorganisation of the issued capital of the Company on or prior to the Expiry Date, the rights of an option holder will be changed to the extent necessary to comply with the applicable Listing Rules at the time of the reorganisation.

• (i) The Company will, at least 20 Business Days before the Expiry Date, send notices to the optionholders stating the name of the optionholder, the number of Existing Options held, the exercise price, and the consequences of non-payment.

ABN: 25 062 063 692 945 Wellington Street WEST PERTH WA 6005 T: +61 8 9322 7600 F: +61 8 9322 7602 www.selectexploration.com

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TERMS AND CONDITIONS OF ATTACHING OPTIONS

• (a) Each Attaching Option entitles the holder to subscribe for and be allotted one ordinary share in the capital of the Company.

• (b) Each Attaching Option has an exercise price of $0.35 ( Exercise Price ) and an expiry date of 30 September 2015 ( Expiry Date ).

• (c) Each Attaching Option is exercisable at any time after grant and on or prior to the Expiry Date.

• (d) For each Attaching Option exercised prior to the Expiry Date the Company will grant one Secondary Option pursuant to a disclosure document to be lodged with ASIC on or about 30 September 2015.

• (e) Attaching Options may be exercised by notice in writing to the Company ( Notice of Exercise ) and payment of the Exercise Price for each Attaching Option being exercised. Any Notice of Exercise of an Attaching Option received by the Company will be deemed to be a notice of the exercise of that Attaching Option as at the date of receipt.

• (f) Shares will be allotted and issued pursuant to the exercise of Attaching Options not more than 10 business days after receipt of a properly executed notice of exercise and payment of the requisite application moneys.

• (g) Shares issued upon exercise of the Attaching Options will rank equally in all respects with the Company's then issued Shares. The Company will apply for Official Quotation by ASX of all Shares issued upon the exercise of Attaching Options within 3 Business Days after the date of allotment of those Shares.

• (h) There are no participating rights or entitlements inherent in the Attaching Options and holders will not be entitled to participate in new issues of capital offered or made to the Shareholders during the currency of the Attaching Options. However, the Company will send a notice to each optionholder at least 10 business days before the record date for any proposed issue of capital. This will give optionholders the opportunity to exercise their Attaching Options prior to the date for determining entitlements to participate in any such issue.

• (i) There are no rights to a change in the exercise price, or in the number of shares over which the Attaching Options can be exercised, in the event of a bonus issue by the Company prior to the exercise of any Attaching Options.

ABN: 25 062 063 692 945 Wellington Street WEST PERTH WA 6005 T: +61 8 9322 7600 F: +61 8 9322 7602 www.selectexploration.com

• (j) The Attaching Options will be unlisted Options at the time of grant. However the Company reserves the right to apply for quotation of the Attaching Options at such time as the Company in its absolute discretion determines. Should the Company make an application for official quotation of the Attaching Options and the ASX accepts the application for quotation of the Options then the Attaching Options will be listed options from the time that the ASX accepts such application.

• (k) Until the ASX accepts an application for quotation of the Attaching Options then the Attaching Options are transferable provided that the transfer of Options complies with section 707(3) of the Corporations Act.

• (l) Following the ASX accepting an application for quotation of the Attaching Options then the Attaching Options are freely transferable.

• (m) In the event of any re-organisation of the issued capital of the Company on or prior to the Expiry Date, the rights of an option holder will be changed to the extent necessary to comply with the applicable Listing Rules at the time of the re-organisation.

• (n) The Company will, at least 20 Business Days before the Expiry Date, send notices to the optionholders stating the name of the optionholder, the number of Attaching Options held, the exercise price, and the consequences of non-payment.

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TERMS AND CONDITIONS OF INCENTIVE OPTIONS

• (a) Each Incentive Option entitles the holder to subscribe for one Share upon exercise of the Incentive Option.

• (b) Each Incentive Option has an exercise price of $0.36 ( Exercise Price ) and an expiry date of 30 June 2016 ( Expiry Date ).

• (c) The Incentive Options are exercisable at any time after grant and on or prior to the Expiry Date.

• (d) The Incentive Options may be exercised by notice in writing to the Company ( Notice of Exercise ) and payment of the exercise price for each Option being exercised. Any Notice of Exercise of an Option received by the Company will be deemed to be a notice of the exercise of that Option as at the date of receipt.

• (e) Shares issued on exercise of the Incentive Options rank equally with the then Shares of the Company.

• (f) Application will be made by the Company to ASX for quotation of the Shares issued upon the exercise of the Incentive Options.

• (g) There are no participation rights or entitlements inherent in the Incentive Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Incentive Options. However, the Company will ensure that for the purposes of determining entitlements to any such issue, the record date will be at least ten business days after the issue is announced. This will give the holders of Incentive Options the opportunity to exercise their Incentive Options prior to the date for determining entitlements to participate in any such issue.

• (h) If the Company makes a bonus issue of Shares or other securities to existing Shareholders (other than an issue in lieu or in satisfaction of dividends or by way of dividend reinvestment):

• (i) the number of Shares which must be issued on the exercise of an Incentive Option will be increased by the number of Shares which the Optionholder would have received if the Optionholder had exercised the Incentive Option before the record date for the bonus issue; and

• (ii) no change will be made to the Exercise Price.

ABN: 25 062 063 692 945 Wellington Street WEST PERTH WA 6005 T: +61 8 9322 7600 F: +61 8 9322 7602 www.selectexploration.com

• (i) If the Company makes an issue of Shares pro rata to existing Shareholders there will be no adjustment of the Exercise Price of an Option.

• (j) If there is any reconstruction of the issued share capital of the Company, the rights of the Optionholders may be varied to comply with the Listing Rules which apply to the reconstruction at the time of the reconstruction.

• (k) No application for quotation of the Incentive Options will be made by the Company.

• (l) The Incentive Options are transferable provided that the transfer of the Incentive Options complies with section 707(3) of the Corporations Act.