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RENT.COM.AU LIMITED Capital/Financing Update 2014

Jan 7, 2014

65722_rns_2014-01-07_a7a2ee91-3da2-4cba-870d-951549f3a592.pdf

Capital/Financing Update

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==> picture [109 x 123] intentionally omitted <==

ASX RELEASE 8 January 2014

AGREEMENT SIGNED TO CANCEL PERFORMANCE SHARES

The Board of Select Exploration Limited (ASX: SLT) (“ Select ” or theCompany ”) is pleased to advise shareholders that it has signed a binding deed with Indigo Metals Limited (“ Indigo ”) for the cancellation of the 25,000,000 Class A Performance Shares and 25,000,000 Class B Performance Shares (together “ the Performance Shares ”) previously issued to Indigo on or about 24 October 2012 for nil consideration, subject to the receipt of necessary shareholder approvals.

The revised capital structure of the Company after the completion of the cancellation of the Performance Shares will be as follows:

Ordinary Shares: 124,673,226 Listed Options: 27,443,886 Unlisted Options: 3,850,000

A notice of meeting for the approval of the cancellation of the Performance Shares will be despatched to shareholders shortly.

For further information contact:

Phil Warren Company Secretary Tel: (+618) 9322 7600

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