RENT.COM.AU LIMITED — Major Shareholding Notification 2003

May 28, 2003

head Aten Dacie	telo notebrale	Glear Form	ETTER	SENSI	User Guide	Annexure	Close Form
						604	page 1/2 15 July 2001
			Form 604
			Corporations Act 2001Section 671B
					Notice of change of interests of substantial holder
To Company Name/Scheme		Select-Tel Limited
ACN/ARSN	25 062 063 692
1. Details of substantial holder(1)
Name		Peregrine Corporate Limited
ACN/ARSN (if applicable)	062 478 997
There was a change in the interests of thesubstantial holder on		23 / 05 / 2003
The previous notice was given to the company on-The previous notice was dated		ニフェノーエフエナー

2. Previous and present voting power

$\blacksquare$

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) and a relevant interest (3) in when

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares			4, 181, 477	111.35%
Options

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since thesubstantial holder was fast required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
Various	Peregrine Corp. Acq. on Market Various			$1,155,000$ $1,155,000$
Various	AMN	Acq. on Market Various		$1,199,755$ $ 1,199,755$
Various	OMM	Acq. on Market Various		$1,826,722$ $ 1,826,722$

4. Present relevant interests

Partículars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	Peregrine Peregrine Corp.	Peregrine Corp. Shareholder		1,155,000 1,155,000
AMN	AMN	IAMN	lShareholder	$1,199,755$ 1,826,722
OMM	OMM	OMM	lShareholder	1,826,722 1,826,722

	Insert Agent Details Go To Guide Clear Form Print Save User Guide Annexure Close Form
--	-----------------------------------------------------------------------------------------------------	--

page 2/2 15 July 2001 604

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
	Peregrine Corporate Ltd Suite 2, 1233 High Street, Armadale Vic 3143
OMM & AMN Nominees	Suite 2, 1233 High Street, Armadale Vic 3143

Signature

pant name Richard Reveling	Capacity Director
sign here	29/05/2003date

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the refevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act. 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any ${a}$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • $\langle b \rangle$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, becomie entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(8)$ If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown".
• 791 Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.