RENT.COM.AU LIMITED — Capital/Financing Update 2019

Jul 11, 2019

12 July 2019

ASX Release

RIGHTS ISSUE CLOSES

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On 6 May 2019 Rent.com.au Limited (ASX: RNT ) (“ RENT ” or “ the Company ”), Australia’s Number 1 website dedicated to rental property confirms that its non-renounceable entitlement issue (“Rights Issue”) closed at 5.00 pm WST on Tuesday 9 July 2019. The Rights Issue offered Eligible Shareholders the opportunity to subscribe for one (1) New Share at $0.036 per Share for every six (6) Shares held by eligible shareholders on the record date (the “ Offer ”).

Total applications for 3,077,836 New Shares raising gross proceeds of $110,803 were received, including applications for Shortfall Shares totalling $8,605. Shortfall Shares will be allocated in priority to Eligible Shareholders who have applied for Shortfall Shares under the Shortfall Offer. The Rights Issue shares will be issued on Tuesday 16 July 2019 in accordance with the timetable for the Rights Issue.

The Rights Issue was fully underwritten by Pinnacle Corporate Finance Pty Ltd (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.

Eligible Shareholders – Entitlement shares Eligible Shareholders – Shortfall Shares Eligible Shareholders - Total Shortfall Shares to be allocated to Underwriter Total Entitlement Offer Shares	Shares Amount Raised 2,838,818 $102,197.84 239,032 $8,605.14
	3,077,850 $110,802.98 38,505,028 $1,386,181.01
	41,582,878 $1,496,983.99

Board and Management of the Company have sub-underwritten a portion of the Shortfall as outlined in the Offer Document. Following settlement of the Entitlement and Shortfall Shares, it is anticipated that Board and Management shareholding will be 13.8% of the shares on issue as follows:

Shareholding %	Jul 19	Jun 18
Board & Staff	13.8%	13.3%	

By order of the Board Jan Ferreira Company Secretary

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