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

Apr 17, 2016

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ASX Announcement

15 April 2016

CONFIRMATION OF DESPATCH OF RIGHTS ISSUE OFFER DOCUMENT AND ENTITLEMENT AND ACCEPTANCE FORMS

Rent.com.au Limited (ASX: RNT ) ( “RENT” or “the Company” ), Australia’s Number 1 website dedicated to rental property, advises that the Prospectus dated 7 April 2016 together with personalised Entitlement and Acceptance Forms has been despatched to Eligible Shareholders on Friday 15 April 2016.

As announced on 6 April 2016, Eligible Shareholders may subscribe for Shares in the Company at an issue price of $0.15 each on the basis of one (1) Share for every three (3) shares held at the Record Date of 13 April 2016.

The non-renounceable pro-rata offer, which is fully underwritten by Jett Capital Advisors, will involve the issue of up to 36,376,607 Shares to raise $5,456,491.

The funds raised under the Offer are proposed to primarily be expended to develop and execute the Company’s offline branding campaign, and otherwise for general working capital purposes.

The anticipated closing date of the offer is 28 April 2016.

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.