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

May 2, 2016

ASX Announcement

3 May 2016

CLOSURE OF NON‐RENOUNCEABLE RIGHTS ISSUE

Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ), Australia’s Number 1 website dedicated to rental property, confirms that that its non‐renounceable entitlement issue (“Rights Issue”) closed at 5.00 pm WST on Thursday 28 April 2016. The Rights Issue offered Eligible Shareholders the opportunity to subscribe for one New Share for every three Shares held at an issue price of $0.15 per New Share.

Total applications for 11,498,140 New Shares raising gross proceeds of $1,724,721 were received, representing a 31.6% take‐up by shareholders of the Company. The Rights Issue shares will be issued Thursday 5 May 2016 in accordance with the timetable for the Rights Issue.

Eligible Shareholders have also applied for 2,997,751 of the 24,878,467 Shortfall Shares, bringing the total existing shareholder subscription to 39.8%. Shortfall Shares will be allocated in priority to Eligible Shareholders who have applied for Shortfall Shares under the Shortfall Offer.

The Rights Issue was fully underwritten by Jett Capital Advisors (Underwriter). Following the allocation of Shortfall Shares to Eligible Shareholders who have applied for any shortfall, the remaining Shortfall Shares will be allocated in satisfaction of obligations pursuant to the Underwriting Agreement.

Funds raised from the Rights Issue and associated Shortfall Securities are proposed to primarily be expended to develop and execute the Company’s offline branding campaign, and otherwise for general working capital purposes.

ENDS

Further information: John Gardner / Peter Kermode, 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 focussed on the development of the necessary technology, product alliances and critical mass of content to be ready to fully commercialise the platform. With about 80% of all agent listings content already, Rent.com.au has also commenced shifting the large volume of offline non‐agent landlord listings to online at www.rent.com.au in order to create the complete rental marketplace, within which it can provide products and services to make the renting process easier.