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RENT.COM.AU LIMITED Capital/Financing Update 2013

Jun 27, 2013

65722_rns_2013-06-27_1eec8775-9ecb-4bf8-9b17-a2e12116b93c.pdf

Capital/Financing Update

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28 June 2013

Dear Shareholder

Notice to Ineligible Shareholders of Renounceable Pro Rata Rights Issue

We write to you as the registered holder of Select Exploration Limited ( “Select” or ‘the Company” ) shares ( ASX: SLT ) whose registered address is outside of Australia, New Zealand , the Republic of Mauritius, Ireland, the Cayman Islands, the United Arab Emirates, Panama, the United Kingdom, India and Seychelles (together the “ Eligible Countries ”) as at today's date.

As advised in the ASX announcement dated 21 June 2013 and as detailed by the Company in the prospectus lodged by the Company with ASIC and ASX on 26 June 2013, Select is undertaking a renounceable pro-rata rights issue to Eligible Shareholders of ordinary fully paid shares in the Company at an issue price of $0.01 per share on the basis of two (2) shares for every one (1) share held at the Record Date (“ Rights Issue ” or “ Offer ”).

The Offer is available to all Select shareholders registered as shareholders as at 5.00pm (WST) on the Record Date of 5 July 2013 whose registered address is in the Eligible Countries (“ Eligible Shareholders ”).

The Offer is not being extended to any Select shareholders whose registered address is outside the Eligible Countries (“ Ineligible Shareholders” ).

This letter is to inform you that you are not an Eligible Shareholder for the purposes of the Offer and consequently you will not be able to subscribe for shares under the Offer. This letter is not an offer to grant shares to you, nor an invitation to apply for shares. You are not required to do anything in respect of this letter.

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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The Company has determined that it would be unreasonable on this occasion to extend the Offer to you as an Ineligible Shareholder having regard to:

  • (a) the number of shareholders in your jurisdiction;

  • (b) the number and value of shares the shareholders in your jurisdiction would be offered; and

  • (c) the cost of complying with the legal requirements and the requirements of the regulatory authorities in your jurisdiction.

Pursuant to Listing Rule 7.7, the Company has appointed a nominee, Patersons Securities Limited, to arrange the sale of the entitlements to which Ineligible Shareholders are entitled and, if they are sold, for the net proceeds of the sale of these entitlements to be sent to the Ineligible Shareholders, in proportion to their entitlement to such entitlements.

Please note that it is possible that no net proceeds will be available for distribution to Ineligible Shareholders after the costs of the sale have been paid to the nominee. We will inform you in due course of the outcome of the sale of your entitlements.

For your information only, details of the Offer are contained in the prospectus lodged with ASIC and ASX on 26 June 2013 which is available on the Company’s ASX platform at ASX website (www.asx.com.au)

If you have any questions in relation to the Offer, please contact the Company Secretary on +61 8 9322 7600 between 8.30am and 5.00pm (WST) Monday to Friday.

Yours sincerely

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Ian Macliver Chairman