SEEK LIMITED — Earnings Release 2007

Feb 12, 2007

MEDIA RELEASE 13 February 2007

Strong SEEK Half Year Results across all Metrics

Revenue growth of 48% to \$70.0m, EBITDA growth of 63% to \$34.6m

SEEK Limited, the leader in the online employment market in Australia and New Zealand, today announced a Net Profit After Tax of \$23.9m for the half year to 31 December, an increase of 63% on the prior corresponding period.

	6 months to December 2006	6 months to December 2005	Growth
Sales	\$70.0m	\$47.4m	48%
revenue (1)
EBITDA	\$34.6m	\$21.3m	63%
EBITA (2)	\$33.4m	\$20.7m	61%
NPAT	\$23.9m	\$14.7m	63%
EBITDA Margins $(2)$	49.4%	44.9%	10%
Earnings Per Share	8.4 cents	5.2 cents	62%
Dividend	6.0 cents	3.7 cents	62%

Highlights of the Half Year Results:

(1) Excludes Interest Income

(2) Excludes AIFRS Employee Share Options Expense

Commenting on the results Joint CEO, Mr Paul Bassat said: "SEEK's performance in the first half of the financial year positions us well for a strong full year result. We are achieving solid growth across all areas of our business.

"The employment market in Australia remains strong, and the migration of classified advertising from print to online continues to drive our core growth.

"We have increased our strong leadership position in the online employment market, and have seen significant increases in ad volume and number of job seekers visiting the site in both Australia and New Zealand. We have also expanded our product range with the introduction of Premium Listings and the new SEEK Commercial portal dedicated to businesses and franchises for sale

"We have targeted SME's and the early stage markets of Government, Healthcare and Education, where ad volumes have grown substantially.

"SEEK has also increased geographic penetration in Queensland, Western Australia, and South Australia.

Mr Andrew Bassat, Joint CEO said: "The strategy of investing in the education sector is paving dividends with significant growth in SEEK Learning.

"During the 6 month period, SEEK made two significant investments, a 50% investment in IDP Education Australia, and also a 25% stake in Zhaopin Limited, a major Chinese online employment business.

"SEEK will continue to target further growth opportunities in both the learning and employment markets, that will deliver attractive returns to shareholders" he said

Mr Andrew Bassat stated that "SEEK anticipates strong growth in both revenue and profits for the second half of the financial year".

The Board has declared an interim dividend of 6.0 cents per share, fully franked, an increase of 62% from the dividend of 3.7 cents paid in the same half last year. This is in line with current dividend policy and will be paid on 16 March 2007 to shareholders who were registered at 28 February 2007.

For further information or to arrange an interview please contact:

Paul Bassat or Andrew Bassat Joint Chief Executive Officers SEEK Limited Tel: (03) 8517 4240

Anne Wickham Reputation Mobile: 0419 185 664 awickham@reputation.net.au