SEEK LIMITED — Capital/Financing Update 2014

Aug 19, 2014

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ASX Announcement

20 August 2014

Update on JobStreet Transaction

SEEK is pleased to announce the following key updates in regards to the JobStreet transaction.

1. Deal is targeted to be completed by end of September 2014 (subject to CCS outcomes)

2. SEEK and JobStreet have now reached agreement on a revised purchase consideration for the JobStreet transaction of MYR 1,890m (c$A636m)[1]

• a. Based on applying a similar EV/EBITDA as the original transaction (Feb-14) with the increase in price in line with increased earnings attributable to the deferred settlement

• b. The final consideration to be payable by SEEK & its co-investors is to be determined and dependent on working capital adjustments at completion. It is expected that the additional consideration will be largely funded from a combination of increased debt and cash in SEEK Asia

3. Update on Competition Process

• a. SEEK is discussing certain commitments with the Competition Commission of Singapore (“CCS”) for the CCS to arrive at a view that the transaction does not substantially lessen competition in Singapore

• b. Such commitments involve, among other things, undertakings on price maintenance and non-exclusivity

• c. Assuming that the CCS accepts the commitments offered (following market testing), the CCS will issue a favourable decision in relation to the transaction

• d. SEEK to provide updates if and when they become available

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 forward-looking 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.

1 Based on AUD:MYR exchange rate of 2.97