RENT.COM.AU LIMITED — Interim / Quarterly Report 2003

Apr 29, 2003

Select-Tel Limited PO Box 46 Armadale Vic 3143 Telephone: 9824 8166 Facsimile: 9824 8161

Appendix 4C

Ouarterly report for entities admitted on the basis of commitments

Overview:

As announced by the Company on 30 April 2003, a number of significant resolutions will be put to shareholders at the AGM to be held in June 2003. These resolutions are concerned with the proposed investment by the Company in a range of infectious disease-related projects underway at the Macfarlane Burnet Institute for Medical Research Public Health. If approved, this transaction will have the effect of changing the Company's main undertaking. A capital raising of up to \$2.5m forms part of the transaction.

As at 31^st March 2003, the Company as a consolidated entity had current assets (cash and securities at market value) totalling \$859k.

Brvan J Frost Executive Chairman

⁺ See chapter 19 for defined terms.

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Name of entity

SELECT-TEL LIMITED

ABN

25 062 063 692

Quarter ended ("current quarter")

31 March 2003

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter \$A'000	Year to date $(3$ months) \$A'000
1.1	Receipts from customers	4
1.2	Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital	(205) (33)	(205) (33)
1.3	Dividends received
1.4	Interest and other items of a similar nature received		5
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	Net operating cash flows	(229)	229)

⁺ See chapter 19 for defined terms.

		Current quarter \$A'000	Year to date $(3$ months) \$A'000
$1.8\,$	Net operating cash flows (carried forward)	(229)	(229)
1.9	Cash flows related to investing activities Payment for acquisition of:
	(a) businesses (item $5$ )
	(b) equity investments	(13)	(13)
	(c) intellectual property (d) physical non-current assets
	(e) other non-current assets
1.10	Proceeds from disposal of: $(a)$ businesses (item 5)
	(b) equity investments	2	2
	(c) intellectual property
	(d) physical non-current assets (e) other non-current assets
1.11	Loans to other entities	(150)	(150)
1.12	Loans repaid by other entities	199	199
1.13	Other (provide details if material)
	Net investing cash flows	38	38
1.14	Total operating and investing cash flows	(191)	(191)
1.15	Cash flows related to financing activities Proceeds from issues of shares, options, etc.
1.16	Proceeds from sale of forfeited shares
1.17 1.18	Proceeds from borrowings Repayment of borrowings
1.19	Dividends paid
1.20	Other (provide details if material)	$\overline{a}$
	Net financing cash flows
	Net increase (decrease) in cash held	(191)	(191)
1.21 1.22	Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	553	553
1.23	Cash at end of quarter	362	362

⁺ See chapter 19 for defined terms.

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

	Current quarter \$A'000
1.24 Aggregate amount of payments to the parties included in item 1.2	174
1.25 Aggregate amount of loans to the parties included in item 1.11

1.26 Explanation necessary for an understanding of the transactions

Salaries, directors' fees and consulting fees at normal commercial rates

Non-cash financing and investing activities

• $2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• $2.2$ Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount available \$A'000	Amount used \$A'000
-3.1	Loan facilities
3.2	Credit standby arrangements

⁺ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter \$A'000	Previous quarter \$A'000
4.1	Cash on hand and at bank	335	205
4.2	Deposits at call	27	348
4.3	Bank overdraft.
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	362	553

Acquisitions and disposals of business entities

		Acquisitions (Item $1.9(a)$ )	Disposals (Item $1.10(a)$ )
5.1	Name of entity		$\overline{\phantom{a}}$
5.2	Place of incorporation or registration
5.3	Consideration for acquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• $\mathbf{1}$ This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• This statement does give a true and fair view of the matters disclosed. $\overline{2}$

Afrika

Sign here:

Company Secretary

Date: 30 April 2003

Print name: Phillip Hains

⁺ See chapter 19 for defined terms.

Notes

• $1.$ The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $\overline{2}$ The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

	6.2	- reconciliation of cash flows arising from operating activities to
		operating profit or loss
$\rightarrow$	9.2	- itemised disclosure relating to acquisitions
$\rightarrow$	9.4	- itemised disclosure relating to disposals
$\mathbf{r}$		$12.1(a)$ - policy for classification of cash items
$\mathbf{r}$	12.3	- disclosure of restrictions on use of cash
$\rightarrow$	13.1	- comparative information

$\overline{3}$ . Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

⁺ See chapter 19 for defined terms.