SEEK LIMITED — Capital/Financing Update 2011

Jan 12, 2011

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ASX Announcement

13 January 2011

SEEK Limited and Swinburne University of Technology announcement: investment in online learning

SEEK Limited and Swinburne University of Technology today announced the formation of a new entity to deliver world-class online learning to Swinburne students.

The venture is a 50:50 partnership between SEEK and Swinburne University to build an organisation that will deliver new, online courses specifically designed to meet the educational needs of working Australians. It will leverage SEEK’s online capabilities and Swinburne’s course content in a unique public private partnership.

Andrew Bassat SEEK Joint CEO commented” “We believe that this venture is a great fit for SEEK’s education businesses and further proves the importance of the online channel in delivering access to quality education for Australians. Partnering with Swinburne means students will receive the best online education available.”

Ian Young Swinburne University’s Vice-Chancellor also commented: “This joint venture will build on the university’s online capability and seize a space that is becoming increasingly important in the 21[st] century. It will extend our reach in delivering education to students in a time and place that suits them, giving them access to a greater range of study options and unprecedented flexibility.”

SEEK and Swinburne have each committed an initial investment of $5m, with the first student intake scheduled for early 2012.

For further information please contact: SEEK Limited Investors / Analysts

John Armstrong SEEK Limited (03) 8517 4484

Media

Michael Davey SEEK Limited (03) 8517 4240

Swinburne University of Technology Crystal Ladiges, Media Relations Manager Ph: (03) 9214 5064 or 0416 174 880 E: cladiges@swin.edu.au

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About SEEK Limited

SEEK Limited (ASX Code: SEK) is the leading provider of online employment services in Australia and New Zealand. In Australia, seek.com.au now hosts approximately 65% of all jobs on Australia’s major job sites. In a given month, over 145,000 job advertisements are posted on seek.com.au and approximately 4 million jobseekers visit the site. In New Zealand, over 12,000 job ads are now posted on seek.co.nz, New Zealand’s leading job site.

SEEK holds significant investments in leading online employment websites across a number of fast growing economies. SEEK owns 56.1% of Zhaopin (a leading employment website in China), 30% of Brasil Online Holdings (the two leading employment websites in Brazil), 22.4% of JobStreet (a leading employment website across SE Asia) and 40% of OCC (the leading employment website in Mexico). SEEK Asia owns 60% of JobsDB (leading job network across SE Asia).

SEEK Education business comprises 100% owned businesses being SEEK Learning & THINK Group and SEEK owns 50% of IDP Education. SEEK Learning provides sales and marketing services to help people find and enrol in career related education and training. THINK is a leading provider of private vocational education in Australia whilst IDP is the global leader in student recruitment services and also provides English language testing services.

About Swinburne University of Technology

Swinburne University of Technology has an international reputation for quality career-orientated education and commitment to research. With a strong teaching and learning program with applied vocational emphasis, Swinburne has established many strong links with industry.

The university houses a number of globally recognised and innovative research centres including the Centre for Astrophysics and Supercomputing and the Centre for Micro-Photonics. Currently under construction, Swinburne’s Advanced Technology Centre will bring greater research and teaching excellence to the areas of optical physics, sustainable infrastructure and advanced manufacturing.

Swinburne has more than 30,000 students and 2,500 staff across five campuses in the greater Melbourne region, as well as strong international networks through its campus in Sarawak, Malaysia. The university continues to expand its reach by implementing innovative teaching and learning practices, increased spending on infrastructure and developing global partnerships.

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