SEEK LIMITED — M&A Activity 2005

Aug 21, 2005

MEDIA RELEASE 22 August 2005

SEEK announces acquisition of Dynamic Web Training

SEEK Limited today announced the acquisition of Dynamic Web Training Pty Limited (DWT) as part of the expansion of its SEEK Learning business in the vocational education and training market.

DWT provides short classroom-based training courses for popular software applications, predominantly in NSW and Victoria. These include MYOB and web design software such as Flash and Dreamweaver. DWT was established four years ago and has since grown to be a leading provider of web design software training in Australia. DWT's rapid growth is underpinned by the high quality of training provided and the company services a wide range of customers ranging from Corporates, to SMEs. Government departments and individuals.

Commenting on the acquisition, SEEK Senior Executive, Jason Lenga said: "DWT has strong growth prospects and will complement the existing SEEK Learning business. SEEK Learning's core business involves selling distance based training courses, to help jobseekers upgrade their skills and vocational qualifications."

"This market holds great potential for SEEK, which has a highly relevant audience of 1.6 million people and a strong relevant brand".

SEEK expects the acquisition to be earnings accretive immediately upon completion of the deal in late August.

Jason Lenga's recent appointment to a corporate development role reflects SEEK's greater focus on new opportunities, in addition to organic growth. Peter Everingham has also recently joined SEEK Learning as Managing Director.

For further information or to arrange an interview please contact:

Jason Lenga SEEK Learning Tel: (03) 9510 7200 Anne Wickham Reputation Telephone: 02 8252 7002 Mobile: 0419 185 664 awickham@reputation.net.au