SEEK LIMITED — Capital/Financing Update 2015

Jun 3, 2015

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ASX Announcement

04 June 2015

SEEK increases ownership in proven market leaders

Investment Highlights:

• SEEK invests cUS$125m to increase its ownership in OCC Mundial (“OCC”) & SEEKAsia Limited (“SEEK Asia”)

• Ownership interests[1] increased

• OCC from 56.4% to 98.2%

• SEEK Asia from 75.6% to 80.8%

• Funded by SEEK’s existing cash and debt facilities

• Combined transactions are expected to be earnings per share accretive in FY16 and beyond on a cash basis[2]

Overview

SEEK announced that it has increased its ownership in OCC and SEEK Asia. Both businesses are clear market leaders which are exposed to favourable structural trends in large fast growing markets.

This investment is a continuation of SEEK’s strategy to own market leaders and work closely with local management teams to capture significant opportunities across a number of dimensions including (but not limited to):

• Employment market expansion (industry, geographic, macro & structural growth)

• Accelerating the roll-out of Education in these markets

• The roll-out of new products and technologies to better serve jobseekers and hirers

Commenting on the transactions, Andrew Bassat, CEO & Co-Founder of SEEK said,

“SEEK is very pleased to increase its ownership in OCC and SEEK Asia. Both businesses are market leaders and re-investing to capture large market opportunities across jobs and education. SEEK is excited about continuing to work alongside the strong local management teams and help them capture the large growth opportunities in these markets.”

1 Represents SEEK’s ownership interests on an undiluted basis

2 Excludes any amortisation of identifiable intangibles, non-cash adjustments and any one-off costs associated with the transaction

Business update – SEEK Asia & OCC

In regards to business specific news, SEEK is pleased to update:

1. SEEK Asia – overall business is performing well and making strong progress on the integration between JobsDB and JobStreet

2. OCC – strong traction in OCC Education which is benefitting from aggressive reinvestment accompanied by pleasing performance in core online jobs business

Other Details

These investments were funded via SEEK’s cash and debt facilities, with SEEK acquiring its increased ownership from existing shareholders[3] . Accounting for this transaction, SEEK Group pro-forma net debt would be A$480m (at 30 April 2015).

• Post this transaction, ownership interests for the respective businesses are:

• SEEK Asia: SEEK 80.76%, Newscorp 12.88%, Macquarie 3.36%, Tiger 3.0%

• OCC: SEEK 98.2%, Founder 1.8%

For further information please contact

Media enquires Sarah Macartney Phone: +61 43 394 9639 Email: smacartney@seek.com.au

Investor/Analyst enquiries John Armstrong / Jeff Tang +61 3 8517 4484

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 forwardlooking 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.

3 SEEK acquired 5.2% of SEEK Asia from Tiger Global & SEEK acquired 41.8% of OCC from Tiger Global (33.6%) & Management/Founders (8.2%)