SEEK LIMITED — Earnings Release 2008

Feb 18, 2008

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MEDIA RELEASE 19 February 2008

Strong Performance Continues Across All Drivers

Revenue growth of 43% to $99.9m, EBITDA growth of 49% to $51.5m

SEEK Limited, the leader in the online employment market in Australia and New Zealand, today announced a Net Profit After Tax of $35.6m for the half year to 31 December 2007, an increase of 49% on the prior corresponding period.

Highlights of the Half Year Results include:

	6 months toDecember2007	6 months toDecember2006	Growth
Sales revenue (1)	$99.9m	$70m	43%
EBITDA	$51.5m	$34.5m	49%
NPAT	$35.6m	$23.9m	49%
EBITDA Margins (2)	52%	49%
Earnings Per Share	12.5 cents	8.4 cents	49%
Interim Dividend	8.7 cents	6 cents	45%

(1) Excludes Interest Income

(2) Excludes AIFRS Employee Share Options Expense

Commenting on the results Joint CEO, Mr Paul Bassat said: “By focussing on growth opportunities for the business and capitalising on our strong leadership position, we have ensured that our momentum of the past five years is continuing.

“We continue to enjoy a strong market leadership position and in January we attracted a record 2.8 million unique browsers to our site. Three out of every four minutes Australians spend searching the major three employment jobs sites is spent on SEEK. Our lead in unaided brand awareness also continues to increase.

“Over the past six months we have delivered growth across all key drivers. We have seen increased advertising volumes, improved yield and the launch of new products such as Standout Ads.”

“In particular, we have seen strong growth in our early stage markets. Compared to the same period last year, advertising volumes have increased by 78% in the Government market and 74% in the education sector.

“Looking ahead, we anticipate strong top and bottom line growth for FY08 and expect the ongoing migration of employment advertising from print to online to continue.”

Mr Andrew Bassat, Joint CEO said: “We continue the organic expansion of our SEEK Learning business and have also secured three new partnerships over the first half.

“The recent investment in Amadeus significantly increases our exposure to the education value chain and is a tremendous step forward for the SEEK Learning business. Our investment in IDP Education Australia is delivering great results and continued investment in its infrastructure and platform will drive future growth”.

“Our strategy to aggressively invest and build the Zhaopin brand and grow market share in major regions across China is starting to deliver fantastic results. The increased brand awareness is now driving significant increases in traffic to the Zhaopin website. Total user registrations grew by 125% on the prior comparative period. Zhaopin has enjoyed growth of 92% in the number of page views for the site compared to competitor growth of 20%”

“We are also continuing with our strategy of looking for other international opportunities.

The Board has declared an interim dividend of 8.7 cents per share, fully franked, an increase of 45% from the dividend of 6 cents paid in the same half last year. This is in line with current dividend policy and will be paid on 14 March 2008 to shareholders who were registered at 29 February 2008.

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

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