SEEK LIMITED — Capital/Financing Update 2006

Oct 2, 2006

For immediate release

ASX Announcement 3 October 2006

SEEK completes acquisition of 25% interest in Chinese employment website

Further to our announcement on 20 September 2006, SEEK Limited (ASX: SEK) announces that it has finalized terms and conditions and obtained Zhaopin shareholder approval for the purchase of a 25% interest in Zhaopin. Price to be paid is US\$20m (A\$26.6m)

The Closing of the transaction is to be in two parts. The Initial Closing of US\$15m has been completed, with the Second Closing for the remaining US\$5m to occur upon the completion of certain conditions by Zhaopin. This Second Closing is expected to occur in approximately 3 months.

Zhaopin is one of the three leading online recruitment sites in China.