| SEEK Limited does not directly own any shares of the issuer. By reason of the provisions of Rule 13d-3 under the Securities Exchange Act, as amended, SEEK Limited is deemed to beneficially own the 68,259,876 Class B Ordinary Shares (convertible into an equal number of Class A Ordinary Shares) that are held of record by SEEK International Investments Pty Ltd., a wholly owned subsidiary of SEEK Limited. |
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| (b) | Percent of class: |
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| | 79.1% of Class B Ordinary Shares(1) |
| | 66.4% of Class A Ordinary Shares, assuming conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares(2) |
| | 80.5% of Class A Ordinary Shares, assuming conversion of all of the reporting person’s Class B Ordinary Shares into the same number of Class A Ordinary Shares(3) |
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| (c) | Number of shares as to which the person has: |
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| | (i) Sole power to vote or to direct the vote: 68,259,876 Class B Ordinary Shares (convertible into an equal number of Class A Ordinary Shares)(4) |
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| | (ii) Shared power to vote or to direct the vote: 0 |
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| | (iii) Sole power to dispose or to direct the disposition of: 68,259,876 Class B Ordinary Shares convertible into an equal number of Class A Ordinary Shares)(4) |
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| | (iv) Shared power to dispose or to direct the disposition of: 0 |
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| | Notes: |
| | (1) To derive this percentage, (x) the numerator is 68,259,876, being the number of Class B Ordinary Shares owned by the reporting person and (y) the denominator is 86,305,125, being the number of the issuer’s total Class B Ordinary Shares outstanding as of December 31, 2014. |
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| | (2) To derive this percentage, (x) the numerator is 68,259,876, being the number of Class A Ordinary Shares that are convertible from the same number of Class B Ordinary Shares held by the reporting person and (y) the denominator is (i) 16,579,931, being the issuer’s total Class A Ordinary Shares outstanding as of December 31, 2014 and (ii) 86,305,125, being the number of the issuer’s total Class B Ordinary Shares outstanding as of December 31, 2014 that are convertible into the same number of Class A Ordinary Shares. |
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| | (3) To derive this percentage, (x) the numerator is 68,259,876, being the number of Class A Ordinary Shares that are convertible from the same number of Class B Ordinary Shares held by the reporting person and (y) the denominator is (i) 16,579,931, being the issuer’s total Class A Ordinary Shares outstanding as of December 31, 2014 and (ii) 68,259,876, being the number of Class A Ordinary Shares that the reporting person has the rights to acquire upon conversion of the same number of Class B Ordinary Shares held by the reporting person. |
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| | (4) SEEK Limited is the beneficial owner of 68,259,876 Class B Ordinary Shares (convertible into an equal number of Class A Ordinary Shares). Each Class B ordinary share is convertible into one Class A ordinary share at the option of the holder at any time. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, whereas each Class B ordinary share is entitled to four votes. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. |