SEEK LIMITED — AGM Information 2014

Nov 26, 2014

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ASX Announcement

27 November 2014

Key updates from SEEK’s AGM – 27 November 2014

Key Highlights:

• Re-affirming its SEEK Group FY15 Guidance provided at time of FY14 results (20 August 2014)

• Positive update in relation to operating conditions in Australia

• SEEK International & SEEK Education continuing to perform well and re-affirming guidance provided at time of FY14 results

SEEK Group Trading Update

At SEEK’s AGM held today, Andrew Bassat, SEEK’s Co-Founder & Chief Executive Officer will provide an update on current trading conditions across the SEEK Group. Key highlights will include:

• SEEK re-affirming its FY15 guidance provided on 20 August 2014

• SEEK Domestic Update

• SEEK is experiencing positive trading conditions supported by solid internal forward looking indicators

• SEEK’s FY15 YTD revenue is slightly ahead of internal expectations that formed its guidance on 20 August 2014

o Compared to previous expectations (20 August 2014), SEEK now expects:

  - Strong growth in Revenue (FY15 v FY14) (previously expected solid growth)

  - An increase in Opex due to re-investment in growth opportunities across placement strategy & adjacent technologies

  - Growth in EBITDA (FY15 v FY14) but at a slightly lower rate than revenue growth

• SEEK International & SEEK Education

• Both divisions are continuing to perform well based on YTD results

• Re-affirming all FY15 guidance statements for SEEK International & SEEK Education that were made on 20 August 2014

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SEEK is well positioned for growth

Andrew Bassat, SEEK’s Co-Founder & Chief Executive Officer said,

“SEEK is focused on achieving its purpose of helping people live more fulfilling and productive working lives and helping organisations succeed.”

“We are making strong inroads into our placement strategy which will be highly applicable across all our international businesses. To support the strategy, SEEK is continuing to invest aggressively to capture the exciting opportunities it presents.”

“The year to date performance across the SEEK Group has been pleasing and we are pleased to reaffirm our FY15 guidance.”

Investors & Analysts John Armstrong / Jeff Tang SEEK Limited (03) 8517 4142

Media

Sarah Macartney SEEK Limited (03) 8306 0818

This announcement contains certain “forward-looking statements”. Forward looking words such as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions are intended to identify forward-looking statements within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Such forward-looking statements, opinions and estimates are not guarantees of future performance.

Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This announcement contains such statements that are subject to risk factors associated with the markets in which SEEK operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially. Such forwardlooking statements only speak as to the date of this announcement and SEEK assumes no obligation to update such information.

No representation or warranty is or will be made by any legal or natural person in relation to the accuracy or completeness of all or part of this document, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in, or implied by, the information or any part of it. To the full extent permitted by law, SEEK disclaims any obligation or undertaking to release any updates or revisions to the information contained in this document to reflect any change in expectations or assumptions.

Nothing contained in this document constitutes investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action taken on the basis of the information.

Appendices - ASX Release

Notes to this release

SEEK’s results are reported under International Financial Reporting Standards (IFRS). This document also makes reference to the non-IFRS measure “EBITDA”. This measure is used internally by management to assess the performance of our business, our associates and Joint Ventures, make decisions on the allocation of our resources and assess operational management.

EBITDA

“EBITDA” is earnings before interest, tax, depreciation and amortisation and excluding share of net profits of associates and jointly controlled entities accounted for using the equity method, dividend income and amortisation of share-based payments and other long-term incentive schemes.

Review of information

Non-IFRS financial information is calculated based on underlying IFRS financial information extracted from SEEK’s financial statements. Non-IFRS measures have not been subject to audit or review.

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