RENT.COM.AU LIMITED — Capital/Financing Update 2020

Feb 4, 2020

Proposed issue of securities

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Announcement Summary

Entity name

RENT.COM.AU LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday February 5, 2020

The Proposed issue is:

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A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

Maximum Number of ASX +Security Code +Security Description +securities to be issued RNT ORDINARY FULLY PAID 58,216,041

Ex date

Wednesday February 12, 2020

+Record date

Thursday February 13, 2020

Offer closing date

Tuesday March 10, 2020

Issue date

Tuesday March 17, 2020

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

RENT.COM.AU LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

Registration Number

ABN 25062063692

1.3 ASX issuer code

RNT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Wednesday February 5, 2020

1.6 The Proposed issue is:

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A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is:

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• Non-renounceable

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 - Are any of the following approvals required for the entitlement offer to be unconditional? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

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No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +Security Code and Description

RNT : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No

Details of +securities proposed to be issued

ASX +Security Code and Description

RNT : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities to be issued held 1 5

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What will be done with fractional Maximum Number of +securities entitlements? proposed to be issued Fractions rounded down to the nearest 58,216,041 whole number or fractions disregarded Purpose of the issue Non-renounceable pro-rata offer to Eligible Shareholders. Offer price details for retail security holders Issue Currency Offer Price per +security Estimated or Actual? Actual AUD - Australian Dollar AUD 0.05000 Oversubscription & Scale back details Are +security holders allowed to oversubscribe? Yes

Provide the oversubscription details Security holders may apply for Shortfall Shares

May a scale back be applied to this event? Yes Provide the scale back details Pro-rata scale back of oversubscriptions

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 3C - Timetable

3C.1 +Record date

Thursday February 13, 2020

3C.2 Ex date

Wednesday February 12, 2020

3C.4 Record date

Thursday February 13, 2020

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

Tuesday February 18, 2020

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3C.6 Offer closing date Tuesday March 10, 2020

3C.7 Last day to extend the offer closing date

Thursday March 5, 2020

3C.9 Trading in new +securities commences on a deferred settlement basis

Wednesday March 11, 2020 3C.10 Last day for entity to announce the results of the offer to ASX, including the number and percentage of +securities taken up by existing +security holders and any shortfall taken up by underwriters or other investors

Friday March 13, 2020

3C.11 Issue date

Tuesday March 17, 2020

3C.12 Date trading starts on a normal T+2 basis

Wednesday March 18, 2020

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Friday March 20, 2020

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? No

3E.2 Is the proposed offer to be underwritten? Yes

3E.2a Who are the underwriter(s)?

Pinnacle Corporate Finance Pty Ltd

3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)? Fully underwritten

3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)? 6%

3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated Refer to the announcement lodged with ASX on 5 February 2020

3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? Yes

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3E.2e (i) What is the name of that party?

1. John Wood

2. Garry Garside

3E.2e (ii) What is the extent of their underwriting or sub-underwriting (ie the amount or proportion of the offer they have underwritten or sub-underwritten)?

1. $50,000

2. $75,000

3E.2e (iii) What fee, commission or other consideration is payable to them for acting as underwriter or sub-underwriter?

3%

3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer ASX quotation fees

Part 3F - Further Information

3F.1 The purposes for which the entity intends to use the cash raised by the proposed issue Development of its RentPay product

3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No

3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No

3F.4 Countries in which the entity has security holders who will not be eligible to participate in the proposed issue All countries other than Australia and New Zealand

3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No

3F.6 URL on the entity's website where investors can download information about the proposed issue https://investors.rent.com.au/IRM/content/default.aspx

3F.7 Any other information the entity wishes to provide about the proposed issue Refer announcement dated 5 February 2020

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