Wotif Announces Takeover Offer of Travel.com.au

Wotif.com Announces Takeover Offer For Travel.com.au

The Manager Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street SYDNEY NSW 2000 By Electronic Lodgement

Dear Sir,

Re: Announcement of Takeover Offer for Travel.com.au Limited

Wotif.com Holdings Limited (Wotif.com) today announced that it intends to make an offer (Offer) to acquire all the outstanding shares in Travel.com.au Limited (TVL) by way of an off-market takeover bid.

Details of Offer

Wotif.com's Offer provides TVL's shareholders with a choice of two alternative forms of consideration:

• $0.50 in cash for each TVL share (All Cash Alternative); or

• between 0.0893 and 0.1042 Wotif.com shares per TVL share (All Shares Alternative). The actual number of Wotif.com shares that will issue and the implied value under this All Shares Alternative is set out below under the heading "All Shares Alternative".

This offer values TVL at approximately $49.8 million1.

Wotif.com's Offer is subject to the conditions set out in Annexure 1 which include (among others):

• Wotif.com acquiring 90% of TVL shares;

• receipt of all regulatory approvals (including any approval required from the Travel Compensation Fund);

• no restraint that adversely affects Wotif.com's Offer;

• certain conduct of business conditions (i.e. no material acquisitions, disposals or changes in the conduct of business);

Click here to view the entire announcement of takeover (pdf)

ENDS

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