RENT.COM.AU LIMITED — Capital/Financing Update 2016

May 8, 2016

ASX Announcement

9 May 2016

RENT.COM.AU SUCCESSFULLY COMPLETES HEAVILY OVER‐SUBSCRIBED CAPITAL RAISING

Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ), Australia’s Number 1 website dedicated to rental property, has successfully completed its $5,461,491 capital raising to institutional and sophisticated investors.

Key Highlights:

• Demand for underwriting shares was heavily over‐subscribed;

• Strong level of support from existing shareholders;

• Capital raised to be used primarily to fund mass market brand profile;

• Entry of strategically important shareholders onto the register.

RENT Managing Director, Mark Woschnak, said the strong demand from existing shareholders, as well as institutional and sophisticated investors, reflected the momentum building in the business, progressive growth results and the Company’s improved ability to capitalise on the excellent growth opportunities ahead.

“We received a higher than expected level of take‐up of the rights issue from existing shareholders, which resulted in significant excess demand from the institutional and sophisticated investors who underwrote the Offer.”

Alongside the existing institutional shareholders who partly underwrote the capital raising, new shareholders include Mr Bill Moss AO (former head of real estate at Macquarie Bank) and Mr Charles Tarbey (Chairman of Century 21 Australia).

“With this capital raising we have not only enabled the business to launch its branding campaign as it moves to full commercialisation, but we have also brought strategically important investors onto our share register, who add further significant corporate and industry depth from which the business will benefit,” Mr Woschnak said.

Jett Capital Advisors were the lead manager and underwriter of the Offer, with Somers & Partners (formerly GMP Securities) acting as brokers to the Offer.

ENDS

Further information: John Gardner, Citadel‐MAGNUS +61 8 6160 4900

ABOUT RENT.COM.AU

Rent.com.au is the only national web portal in Australia that focuses entirely on the property rental market and 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, who 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 commercialising the site by deploying a national marketing campaign to increase traffic to the site and agent listings content, as well as commencing shifting the large volume of offline non‐agent landlord listings to online at www.rent.com.au.