SEEK LIMITED — Capital/Financing Update 2005

Jun 22, 2005

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

SEEK LIMITED

ABN

46 080 075 314

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or to be $\lceil$ issued

Ordinary Shares

• Number of ⁺securities issued or to $\bar{2}$ be issued (if known) or maximum number which may be issued
• Principal terms of the *securities (eg. $\overline{3}$ if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if ⁺convertible securities, the conversion price and dates for conversion)

1,056,658

Ordinary shares issued as fully paid.

⁺ See chapter 19 for defined terms.

4	Do the securities rank equally in all respects from the date of allotment with an existing class of quoted *securities? If the additional securities do not rank equally, please state: the date from which they do which the extent they to participate for the next dividend, $(in$ the case of trust, a. distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	Yes
5	Issue price or consideration	Prices vary from \$0.4993 to \$0.8333 per share
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Shares issued pursuant to employees exercising dated $9^{th}$ May 2005.	share options in accordance with Prospectus
7	Dates of entering + securities into uncertificated holdings $O\Gamma$ despatch of certificates	$20^{th}$ June 2005
		Number	+ Class
8	Number and class of all securities quoted on ASX (including the securities in clause 2 if applicable)	280,930,618	Ordinary

$\div$ See chapter 19 for defined terms.

		Number	+ Class
-9	Number and + class of all + securities not quoted on ASX (including the securities in clause 2 if applicable)	12,318,040	Options

$10^°$ trust, distribution policy) on the increased capital (interests)

Dividend policy (in the case of a $\boxed{\text{The dividend policy of the Company is not}}$ affected

Part 2 - Bonus issue or pro rata issue

$\mathbf{1}$	security holder No approval Ĭs required?
12	Is the issue renounceable or non- $\rm No$ renounceable?
13	Ratio in which the *securities will be Not applicable offered
14	Class of securities to which the Not applicable offer relates
15	*Record determine date tο entitlements Not applicable
16	Not applicable Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17	Policy for deciding entitlements in Not applicable relation to fractions
18	Names of countries in which the Not applicable entity has *security holders who will not be sent new issue documents
	Note: Security holders must be told how their entitlements are to be dealt with.
	Cross reference: rale 7.7.
19	$\sigma$ f Not applicable Closing date for receipt acceptances or renunciations

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

20	Names of any underwriters	Not applicable
21	Amount of any underwriting fee or commission	Not applicable
22	Names of any brokers to the issue	Not applicable
23	Fee or commission payable to the broker to the issue	Not applicable
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of *security holders	Not applicable
25.	If the issue is contingent on *security holders' approval, the date of the meeting	Not applicable
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled	Not applicable
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders	Not applicable
28	Date rights trading will begin (if Not applicable applicable)
29	Date rights trading will end (if Not applicable applicable)
30	How do *security holders sell their entitlements in full through a broker?	Not applicable
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?	Not applicable

$\div$ See chapter 19 for defined terms.

32 How do *security holders dispose of their entitlements (except by sale through a broker)?

33 *Despatch date Not applicable

Not applicable

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities $(tick one)$
• $(a)$ Securities described in Part 1
• All other securities $(b)$

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee

incentive share securities when restriction ends, securities issued on explry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• $35$ If the "securities are "equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders
• 36

If the *securities are *equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000 100,001 and over

37

A copy of any trust deed for the additional "securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

38	Number of securities for which + quotation is sought	Not applicable
39.	of *securities for which Class: quotation is sought	Not applicable
40.	Do the securities rank equally in all respects from the date of allotment with an existing class of quoted *securities?	Not applicable
	If the additional securities do not rank equally, please state: the date from which they do ٠ extent to which they the participate for the next dividend, $(in$ the case of trust, $\mathbf{a}$ distribution) or interest payment the extent to which they do not ٠ rank equally, other than in relation to the next dividend, distribution or interest payment
41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period	Not applicable
	(if issued upon conversion of another security, clearly identify that other security)
42	Number and "class of all "securities" quoted on ASX (including the securities in clause 38)	Number + Class Not applicable

$\div$ See chapter 19 for defined terms.

Quotation agreement

• $\mathbf{1}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\mathfrak{D}$ We warrant the following to ASX.
• The issue of the "securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any "securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the ⁺securities to be quoted, it has been provided at the time that we request that the *securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.

⁺ See chapter 19 for defined terms.

• $\overline{3}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before +quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

• - - - - - - - - - - - - - - - - - -

EXECUTED by SEEK LIMITED in $\big)$ accordance with its Constitution and the $\rightarrow$ Corporations Act 2001: $\big)$

Signature of Director

Signature of Secretary

Paul Bassat Name of Director (print) Ian Mc Auliffe Name of Secretary

. . . . . . . . . . . . . . . . . . . .

• See chapter 19 for defined terms.