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RENT.COM.AU LIMITED Capital/Financing Update 2015

Sep 3, 2015

65722_rns_2015-09-03_9a30ce3d-2ea9-4ff1-a8ec-8b5d862d675b.pdf

Capital/Financing Update

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ASX Announcement

4 September 2015

EXPIRY OF LISTED OPTIONS AND WAIVER OF LISTING RULE 6.24

Rent.com.au Limited (ASX: RNT) (“RENT” or “the Company”) notifies the holders of the Company’s 823,540 listed options (ASX: RNTOA) ($11.67, 30 September 2015) (“Listed Options”) that the Listed Options will expire at 5.00pm (AWST) on 30 September 2015 (“Expiry Date”).

The Company advises that it has been granted a waiver by the Australian Securities Exchange (“ASX”) from Listing Rule 6.24 on the basis that the Listed Options are “out of the money” and the likelihood of holders exercising the Listed Options is remote. Accordingly, an option expiry notice will not be sent to the holders of the Listed Options unless the market price of the Company’s shares exceeds $8.76 prior to 30 September 2015.

The Company sets out below the information required by paragraph 6.1 of Appendix 6A of the ASX Listing Rules:

  • The number of Listed Options to which this notice applies is 823,540;

  • On exercise each Listed Option entitles the holder to receive one fully paid ordinary share in the Company. If all the Listed Options were exercised, 823,540 fully paid ordinary shares in the Company would be issued.

  • The exercise price of each Listed Option is $11.67;

  • The due date for payment of the exercise price is 5.00pm WST on 30 September 2015;

  • If payment is not received by the expiry date, the Listed Options will expire unexercised and all rights will cease;

  • Official quotation of the Listed Options will cease on 23 September 2015, being five business days prior to the Expiry Date;

  • The last available market price of the Company’s shares was $0.13 on 4 September 2015;

  • The highest market price of the Company’s shares during the three months immediately preceding the date of this letter was $0.24 on 23 June 2015;

  • The lowest market price of the Company’s shares during the three months immediately preceding the date of this letter was $0.125 on 31 August 2015, 1 September 2015 and 2 September 2015; and

  • The exercise of the Listed Options is not underwritten.

ENDS

ABN 25 062 063 692 945 Wellington Street WEST PERTH WA 6005

T: +61 8 9322 7600 F: +61 8 9322 7602

www.investors.rent.com.au

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ABOUT RENT.COM.AU

Rent.com.au is the only national web portal in Australia that focuses entirely on the property rental market which includes listings from both property agents and non-agent private landlords. Rent.com.au was established in 2007 by experienced real estate and new media entrepreneur Mr. Mark Woschnak. Mr Woschnak has more than 25 years’ experience in real estate, digital publishing and classified services.

Since inception, Rent.com.au has focused on the development of the necessary technology, product alliances and critical mass of content to be ready to fully commercialise the platform. It is now a top ten national property website and has recently listed on the ASX following a successful capital raising of $5 million at 20c per share from sophisticated and high net worth investors. The capital raised will be used to commence commercialising the site by deploying a national marketing campaign to increase traffic to the site and agent listings content, and commence shifting the large volume of offline non-agent landlord listings to online at rent.com.au.

ABN 25 062 063 692 945 Wellington Street WEST PERTH WA 6005

T: +61 8 9322 7600 F: +61 8 9322 7602

www.investors.rent.com.au

ABN 25 062 063 692 945 Wellington Street WEST PERTH WA 6005

T: +61 8 9322 7600 F: +61 8 9322 7602

www.investors.rent.com.au