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

May 4, 2016

ASX Announcement

5 May 2016

RENT.COM.AU LIMITED OPERATIONS UPDATE

STRONG GROWTH IN CUSTOMER BASE AHEAD OF MASS MARKETING CAMPAIGN

Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ), Australia’s Number 1 website dedicated to rental property, achieved more than 660,000 unique visitors to the website during April 2016 while also continuing to increase agent registrations and landlord listings in line with its content targets.

RENT Managing Director, Mark Woschnak, said the Company continued its strong growth in April 2016 with record operating results in each of its key targets of unique visitors, agent registrations and landlord listings. In conjunction with the completed capital raising, these results provide a solid platform from which to launch an effective, national mass market branding campaign.

Key Statistics:

• 666,203 unique visitors (“ UV’s ”) to the site in April 2016;

• Second consecutive month of strong growth in real estate agent registrations (up to more than 7,800);

• Record active non‐agent/landlord listings (up to 1,730); and

• Strong shareholder support of $5.5m rights issue to fund mass market brand profile.

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----- Start of picture text ----- Monthly Unique VisitorsMonthly Unique Visitors FY 2016 Target650,000550,000450,000350,000250,000150,000QTR Jun15 QTR Sep15 QTR Dec15 Jan 2016 Feb 2016 Mar 2016 Apr 2016----- End of picture text -----

The Company has continued to deliver on its core objectives for 2016, as outlined at the time of listing on the ASX in 2015, including:

• Focus on growth in listings content from agents and landlords;

• Completing the roll out of its national sales team;

• Continued innovation in user experience and product development; and

• Preparing the next phase of the national branding campaign.

“We have backed up the excellent results we had in March 2016 with yet another strong month of renter, agent and landlord customer growth, putting us in an excellent position to commence the mass market branding campaign and achieve our core objectives for this year,” Mr Woschnak said.

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----- Start of picture text ----- Registered Agents7,9007,6507,4007,1506,9006,6506,4006,1505,9005,650QTR Jun15 QTR Sep15 QTR Dec15 Jan 2016 Feb 2016 Mar 2016 Apr 2016----- End of picture text -----

“Following on from the 517 new agents who registered with www.rent.com.au during March, we have had another 537 register in April so that we now have more than 7,800 agents registered in total. This strong surge in agent numbers reflects the level of appetite by real estate agents for our offering”.

“We expect this rate of free registration growth to slow as we approach saturation of the market, however our focus on sales activity increases. Our revenues are now increasing as our national sales team gain good traction in transitioning agents onto premium paid plans.”

Mr Woschnak said the number of active non‐agents (private landlords) had also grown during the month to 1,730 which, along with the growth in registered agents, will underpin significant expected further growth in listings content over the coming months.

Active Non‐Agent Listings (Landlords)

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----- Start of picture text ----- 2,0001,0000QTR Jun15 QTR Sep15 QTR Dec15 Jan 2016 Feb 2016 Mar 2016 Apr 2016----- End of picture text -----

Successful Capital Raising

During April RENT completed a $5.5 million non‐renounceable rights issue primarily for the purpose of funding a mass market branding campaign to drive the next phase of growth.

“We received a strong level of support from existing shareholders who subscribed for approximately 40% of the shares under the offer, which was very pleasing given the overall performance of the market over recent months,” Mr Woschnak said.

“We have also been strategic in attracting some important new shareholders to the RENT share register via the underwriting of the shortfall. The combination of a strong operational performance and a successful capital raising in April has the Company very well positioned for the future,” Mr Woschnak concluded.

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 solely on the rental property 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 focussed on starting to commercialise the site by deploying a national marketing campaign to increase traffic to the site and agent listings content, as well as commence shifting the large volume of offline non‐agent landlord listings to online at www.rent.com.au.

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