SEEK LIMITED — Capital/Financing Update 2019

Dec 10, 2019

==> picture [184 x 98] intentionally omitted <==

ASX Announcement

11 December 2019

SEEK successfully prices A$ Floating Rate Subordinated Note Issuance

SEEK Limited (“ SEEK ”) is pleased to announce that it will issue A$150m of A$ Floating Rate Subordinated Notes (“ Subordinated Notes ”) with a quarterly coupon of 3 month BBSW + 3.70%. The Subordinated Notes have a maturity date of 20 June 2026 and a first optional redemption date of 20 June 2023. The proceeds from the Subordinated Notes will be used for general corporate purposes including to pay down SEEK’s existing bank debt.

The Subordinated Notes will be issued under SEEK’s existing Guaranteed Euro Medium Term Note Programme (" EMTN "), and will be listed on the Singapore Stock Exchange. Settlement of the Subordinated Notes is expected to occur on 20 December 2019 and is subject to customary closing conditions. The notes will be subordinated to SEEK’s existing senior unsecured debt and senior EMTN notes.

SEEK’s CFO Geoff Roberts commented “This note issuance is a continuation of our EMTN program, and helps us deliver diversity in funding structure, access new sources of capital and increase flexibility to support continued growth. We were pleased with the strong support from investors which we believe is recognition of SEEK’s strong business model, growth prospects and robust cash generation.”

Authorised by the SEEK Disclosure Committee

For further information please contact:

Investor/Analyst enquiries

Geoff Roberts/Steven Moran SEEK Limited Phone: (03) 8525 5620

Media enquiries

Sarah Macartney SEEK Limited Phone: 0433 949 639

SEEK Limited

Level 6, 541 St Kilda Road, Melbourne, Victoria, 3004 | Tel: +613 8517 4100 | Fax: +613 9510 7244 | ABN 46 080 075 314