RENT.COM.AU LIMITED — Capital/Financing Update 2013

Sep 26, 2013

Select Exploration Limited (ASX: SLT)

SUCCCESSFUL PLACEMENT OF SECOND TRANCHE OF RIGHTS ISSUE SHORTFALL

Select Exploration Limited (ASX: SLT) ("Select" or "the Company") is pleased to announce that, following the renounceable pro‐rata offer of up to 83,109,074 Shares at an issue price of $0.01 ("Rights Issue") which raised $212,195.52, and the First Tranche of the Shortfall Placement which raised $376,579.48 via the placement of 37,657,945 ordinary shares at an issue price of $0.01, the Company has successfully placed the Second Tranche of the Shortfall Placement from the Rights Issue.

The Company confirms the Second Tranche of the Shortfall Placement shares have now been issued, being 21,731,574 fully paid ordinary shares at $0.01 per share to raise $217,315.74 (before costs) ("Second Tranche"). Please refer the attached Appendix 3B in this regard.

The total capital raised under the Rights Issue and the First and Second Tranche of the Shortfall Placement to date is $806,090.74, as follows:

	Number ofshares	Issue price	Capital tobe raised$	Amountraised$
Shares offered under Rights Issue Prospectus	83,109,074	$0.01	831,090.74
Less: Rights taken up by shareholders	(21,219,552)	$0.01		212,195.52
Balance (initial Rights Issue Shortfall)	61,889,522	$0.01	618,895.22
Less: First Tranche Shortfall Placement	(37,657,948)	$0.01		376,579.48
Balance (after First Trance Shortfall Placement)	24,231,574	$0.01	242,315.74
Less: Second Trance Shortfall Placement	(21,731,574)	$0.01		217,315.74
Balance (after Second Trance Shortfall Placement)	2,500,000	$0.01	25,000.00
Total amount raised to date				806,090.74

The balance of the Shortfall Placement, being 2,500,000 shares, is in the process of being placed in accordance with the Prospectus issued by the Company dated 26 June 2013, to raise a further $25,000.

The Shortfall Placement was made to sophisticated and professional investors. Directors of Select participated in the Rights Issue, but were unable to participate in the Shortfall Placement due to timing restrictions associated with the requisite shareholder approval.

The Shortfall Placement was made under Exception 3 of ASX Listing Rule 7.2, being an issue to make up the shortfall on a pro‐rata issue to holders of ordinary securities.

For and on behalf of the Board

Phil Warren Company Secretary

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Select Exploration 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 issued

Fully paid ordinary shares

• 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

21,731,574

Fully paid ordinary shares

+ See chapter 19 for defined terms.

4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

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

• 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

5 Issue price or consideration $0.01 per share

6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? Yes

If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed
• 6c Number of +securities issued without security holder approval under rule 7.1

Yes ‐ fully paid ordinary shares

A placement, at the Directors discretion, of the second tranche of shortfall shares in relation to the renounceable pro‐rata offer of up to 83,109,074 Shares at an issue price of $0.01 which closed on 25 July 2013 (prospectus relating to Rights Issue was dated 26 June 2013).

24 May 2013

nil

+ See chapter 19 for defined terms.

• 6d Number of +securities issued with security holder approval under rule 7.1A
• 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
• 6f Number of +securities issued under an exception in rule 7.2
• 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
• 6h If +securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements
• 7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

		Number	+Class
8	+classNumberandofall+securitiesquotedonASX+securities(includingthein	106,430,032	Fullypaidordinaryshares.
	section 2 if applicable)	27,443,886	Options($0.35,30September 2015)

21,731,574 (ASX Listing Rule 7.2 Exception 3 – an issue to make up the shortfall on a pro‐rata issue to holders of ordinary securities)

n/a

n/a

nil

nil

7.1 – 18,325,984

7.1A – 12,217,323

27 September 2013

+ See chapter 19 for defined terms.

		Number	+Class
9	+classNumberandofall+securitiesnot quoted on ASX+securities(includingtheinsection 2 if applicable)	15,743,194	Fullypaidordinaryshares(subjecttoescrow)
		3,850,000	Unlistedoptions($0.36,30June2016)(2,000,000subjecttoescrow)
		25,000,000	ClassAPerformanceShares(subjecttoescrow)
		25,000,000	ClassBPerformanceShares(subjecttoescrow)
		2,500,000	Fullypaidordinaryshares(tobepotentiallyquoted.This is the remainingnumberofShortfallShares from the RightsIssueundertakenbySLT that closed on 22July2013.TheCompanyhas3monthsfromthisclosingdatetoplacetheShortfall.ReferProspectusdated26June2013forfurtherdetails).

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

n/a

Part 2 - Pro rata issue

11	Issecurityholderapprovalrequired?	n/a
12	Is the issue renounceable or non‐renounceable?	n/a
13	+securitiesRatioinwhichthewill be offered	n/a

+ See chapter 19 for defined terms.

• 14 +Class of +securities to which the offer relates n/a
• 15 +Record date to determine entitlements

n/a

n/a

n/a

n/a

n/a

• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
• 17 Policy for deciding entitlements in relation to fractions
• 18 Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.

• 19 Closing date for receipt of acceptances or renunciations
• 20 Names of any underwriters n/a
• 21 Amount of any underwriting fee or commission n/a
• 22 Names of any brokers to the issue n/a
• 23 Fee or commission payable to the broker to the issue
• 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
• 25 If the issue is contingent on security holders' approval, the date of the meeting

n/a

n/a

n/a

• See chapter 19 for defined terms.

26	Date entitlement and acceptanceform and offer documents will besent to persons entitled	n/a
27	If the entity has issued options,andthetermsentitleoptionholderstoparticipateonexercise,thedateonwhichnoticeswillbesenttooptionholders	n/a
28	Date rights trading will begin (ifapplicable)	n/a
29	Date rights trading will end (ifapplicable)	n/a
30	Howdosecurityholdersselltheir entitlements in full througha broker?	n/a
31	How do security holders sell partof their entitlements through abrokerandacceptforthebalance?	n/a
32	How do security holders disposeof their entitlements (except bysale through a broker)?	n/a
33	+Issuedate	n/a

Part 3 - Quotation of securities

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

• 34 Type of +securities (tick one)
• (a) +Securities described in Part 1
• (b) 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

+ See chapter 19 for defined terms.

Tick to indicate you are providing the information or documents

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 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 ‐ 1,000 1,001 ‐ 5,000 5,001 ‐ 10,000 10,001 ‐ 100,000 100,001 and over

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 +securitiesfor which+quotationis sought	n/a
39	+Class+securitiesofforwhichquotation is sought	n/a
40	Do the +securitiesrank equally inall respects from the +issuedatewith an existing +classof quoted+securities?	n/a
	+securitiesIftheadditionaldonot rank equally, please state:the date from which they dotheextenttowhichtheyparticipateforthenextdividend,(inthecaseofatrust, distribution) or interestpaymentthe extent to which they donot rank equally, other than inrelation to the next dividend,distributionorinterestpayment
41	Reason for request for quotationnowExample: In the case of restricted securities, endof restriction period	n/a
	(ifissueduponconversionofanother +security,clearly identifythat other +security)
		Number	+Class
42	+classNumberandofall+securitiesquotedonASX+securities(includingtheinclause 38)	n/a	n/a

+ See chapter 19 for defined terms.

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for 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.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 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.
• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

		27 September 2013
Sign here:	Date:(Director/Company secretary)
Print name:	Phil Warren
	== == == == ==

+ See chapter 19 for defined terms.

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capitalStep 1: Calculate "A", the base figure from which the placementcapacity is calculated
Add the following:	24/10/12 – placement - 13,333,333
Number of fully paid +ordinary securities•issued in that 12 month period under anexception in rule 7.2	24/10/12 – vendor consideration shares –15,743,194
	22/1/13 – option exercise – 2,000
Number of fully paid +ordinary securities•issued in that 12 month period withshareholder approval	31/1/13 – option exercise – 26,946
	19/6/13 – option exercise – 33
Number of partly paid +ordinary•securities that became fully paid in that12 month period	8/7/13 – option exercise – 9,575
Note:	30/7/13 – Rights Issue – 21,219,552
•Include only ordinary securities here –other classes of equity securities cannot	9/8/13 – option exercise – 40
be added•Include here (if applicable) the	27/8/13 – Rights Issue Shortfall Placement(1st Tranche) – 37,657,948
securities the subject of the Appendix3B to which this form is annexed•It may be useful to set out issues ofsecurities on different dates as separateline items	27/9/13 – Rights Issue Shortfall Placement(2nd Tranche) – 21,731,574
Subtract the number of fully paid +ordinarysecurities cancelled during that 12 monthperiod	Nil
"A"	122,173,226

+ See chapter 19 for defined terms.

Step 2: Calculate 15% of "A"
"B"	0.15
	[Note: this value cannot be changed]
Multiply "A" by 0.15	18,325,984
Step 3: Calculate "C", the amount of placement capacity under rule7.1 that has already been used
Insert number of +equity securities issuedor agreed to be issued in that 12 monthperiod not counting those issued:	Nil
•Under an exception in rule 7.2
•Under rule 7.1A
•With security holder approval under rule7.1 or rule 7.4
Note:•This applies to equity securities, unlessspecifically excluded – not just ordinarysecurities•Include here (if applicable) thesecurities the subject of the Appendix3B to which this form is annexed•It may be useful to set out issues ofsecurities on different dates as separateline items
"C"	Nil
Step 4: Subtract "C" from ["A" x "B"] to calculate remainingplacement capacity under rule 7.1
"A" x 0.15	18,325,984
Note: number must be same as shown inStep 2
Subtract "C"	Nil
Note: number must be same as shown inStep 3
Total ["A" x 0.15] – "C"	18,325,984 [Note: this is the remainingplacement capacity under rule 7.1]

+ See chapter 19 for defined terms.

Part 2

Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placementcapacity is calculated
"A"	122,173,226
Note: number must be same as shown inStep 1 of Part 1
Step 2: Calculate 10% of "A"
"D"	0.10
	Note: this value cannot be changed
Multiply "A" by 0.10	12,217,323
Step 3: Calculate "E", the amount of placement capacity under rule7.1A that has already been used
Insert number of +equity securities issuedor agreed to be issued in that 12 monthperiod under rule 7.1A	Nil
Notes:•This applies to equity securities – notjust ordinary securities•Include here – if applicable – thesecurities the subject of the Appendix3B to which this form is annexed•Do not include equity securities issuedunder rule 7.1 (they must be dealt within Part 1), or for which specific securityholder approval has been obtained•It may be useful to set out issues ofsecurities on different dates as separateline items
"E"	Nil

+ See chapter 19 for defined terms.

Step 4: Subtract "E" from ["A" x "D"] to calculate remainingplacement capacity under rule 7.1A
"A" x 0.10	12,217,323
Note: number must be same as shown inStep 2
Subtract "E"	Nil
Note: number must be same as shown inStep 3
Total ["A" x 0.10] – "E"	12,217,323 [Note: this is the remainingplacement capacity under rule 7.1A]

+ See chapter 19 for defined terms.