Press Room: Media Releases

Brisbane – 20 February 2008, Wotif.com (www.wotif.com), Australasia’s leading accommodation website, today announced a record half-year profit of $17.1 million, representing a 43% increase over the prior year.

Highlights

· Strong revenue growth to $41.1 million, up 32%

· NPAT of $17.1 million, up 43%

· 6 cent dividend declared (fully franked)

· Continued trend of strong margin improvement - Net Profit Before Tax % of total revenue 60.3% (excluding option expenses) (up from 57%)

· More than 3.2 million user sessions per month (up from 2.5 million)

· 22% increase in the number of room nights sold

· 4.9% increase in average value of rooms sold

Summary of Results *

                                                                                                                                % Change from 

                                                                                                                           prior corresponding

                                                                H1 FY 2008               H1 FY2007                      period

Total Revenue	$41.062m	$31.045m	32%
Net Profit before Depreciation, Amortisation and Taxation	$26.172m	$18.752m	40%
NPBT	$24.317m	$17.047m	43%
NPBT Margin (including option expenses)	59.2%	54.9%	-
NPBT Margin (excluding option expenses)	60.3%	57.0%	-
NPAT	$17.064m	$11.897m	43%

* for more detail see Appendix A

Commentary

Wotif.com Holdings Limited, Australasia's leading online accommodation site, achieved a record half-year profit of $17.1 million (up 43%) for the 6 months to 31 December 2007. This result was driven by a 22% increase in room nights sold across the 44 countries available on Wotif.com's website.

The Company announced a fully franked 6 cent interim dividend per share. Shareholders registered on the books on 7 March 2008 will be entitled to this dividend, which will be paid on 28 March 2008.

Wotif.com's Managing Director and CEO, Robbie Cooke, commenting on the result said, "The first 6 months of the 2008 financial year has seen the Wotif.com team produce another very strong result. We sold a record 2.2 million room nights (up 22%), and improved room rate yields by delivering an average 4.9% uplift in room rates. Our results demonstrate the continuing strong migration to the online environment as more and more consumers recognise the convenience, simplicity and value achieved from booking their accommodation needs online".

"It is particularly pleasing to note that the 42% increase in our after-tax profit (up to $17.1 million) was driven off the back of a 32% increase in revenues. This strong rotation of revenue to profit clearly demonstrates the efficiencies that the Wotif.com model is able to achieve as scale increases. With our operating margin now sitting at 60% (up from 57%), we are well positioned to maximise returns for our shareholders from future sales growth."

He continued, "Having now successfully completed our takeover of travel.com.au Limited, we are focussed on integrating the operations of both organisations. The growth achieved by the travel.com.au team in the last 6 months is impressive with a 52% increase in TTV (total transaction value)".

Wotif.com's takeover of travel.com.au Limited closed on 31 January 2008 and compulsory acquisition of the outstanding travel.com.au Limited shares is under way. Cooke noted that TVL had, for the 6 months to 31 December 2007, increased its TTV to $67.688 million (up 52%), increased operating revenues to $7.486 million (up 42%) and achieved EBITDA of $805,659 (before once-off transaction costs of $1.443 million).¹ "We are excited by the potential opportunities arising from the travel.com.au acquisition and believe the business is now well placed to benefit from the growing online flights, hotels and corporate markets."

Cooke noted that the acquisition of travel.com.au and the pending transaction with Asia Web Direct will significantly lift user traffic across the network of sites owned within the Group. Wotif.com achieved 3.2 million user sessions per month (up from 2.5 million sessions in December 2006). Travel.com.au achieved almost 1.1 million user sessions per month in the first half of 2008, while Asia Web Direct achieved approximately 3 million user sessions per month in the same period. "The sheer number of customers visiting the enlarged Group's network of sites will provide our hotelier partners with an excellent opportunity to further market their properties and drive sales," he said.

                                                                                                                                % Change from 

                                                                                                                           prior corresponding

                                                                H1 FY 2008               H1 FY2007                      period

Total Transaction Value	$319.410m	$250.642m	Up 27%
Revenue: -     Accommodation -     Interest -     Other Total	$37.853m $3.175m $0.034m $41.062m	$28.874m $2.149m $0.022m $31.045m	Up 31% Up 48% Up 55% Up 32%
Net Profit before Depreciation, Amortisation and Taxation	$26.172m	$18.752m	Up 40%
Depreciation	$(0.259)m	$(0.125)m	Up 107%
Amortisation of IT Development Costs	$(1.596)m	$(1.580)m	Up 1%
Net Profit Before Tax	$24.317m	$17.047m	Up 43%
Income Tax	$(7.253)m	$(5.150)m	Up 41%
Net Profit After Tax	$17.064m	$11.897m	Up 43%
EPS (cents)	8.39 cents	5.86 cents	Up 43%
Interim Dividend (fully franked)	6 cents	5 cents	-

Footnote:

1. TVL will be consolidated into the Wotif.com Group with effect from 21 December 2007

 - Ends -