SEEK LIMITED — Capital/Financing Update 2009

Apr 23, 2009

==> picture [160 x 64] intentionally omitted <==

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Update on SEEK capital raising

SEEK Limited ( SEEK ) has successfully completed a placement of $65.5 million at an issue price of A$2.60 per share. The offer was strongly supported by existing SEEK shareholders. Settlement is scheduled to take place on 29 April 2009.

In addition, a placement of $34.5 million will be made to Consolidated Media Holdings Limited, Andrew Bassat (Joint CEO) and Paul Bassat (Joint CEO), subject to SEEK being granted a waiver of ASX Listing Rule 10.11 or, failing receipt of such waiver, approval from SEEK shareholders. The total placement size will be $100 million.

As previously announced, SEEK will offer eligible shareholders in Australia and New Zealand the opportunity to purchase additional shares through a Share Purchase Plan ( SPP ) and Top-Up Offer.

Further details of the SPP and Top-Up Offer will be provided to eligible shareholders shortly.

For further information or to arrange an interview please contact:

Andrew Bassat Paul Bassat

Joint Chief Executive Officers SEEK Limited (613) 8517 4240

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or otherwise. The securities to be issued in the capital raising have not and will not be registered under the U.S. Securities Act of 1933, as amended (“Securities Act”). Securities may not be offered or sold in the United States unless the securities have been registered under the Securities Act, or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act.

Caution regarding forward-looking statements

This announcement contains forward-looking statements, which can usually be identified by the use of words such as such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or words of similar effect. These forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this announcement. You should not place undue reliance on these forward-looking statements. These forward-looking statements are based on information available to us as of the date of this announcement. Except as required by law or regulation (including the ASX Listing Rules) we undertake no obligation to update these forward-looking statements.