Melbourne IT Announces Agreement with Yahoo!

Melbourne IT Selected to Provide Domain Registration Services for Yahoo!

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Melbourne - February. 13, 2001- Melbourne IT (ASX: MLB), a leading supplier of domain names and e-commerce infrastructure services to the global market, today announced an agreement with Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet communications, commerce and media company. Through the agreement, Melbourne IT will provide .com, .net and .org domain names to users of Yahoo!® Domains (http://domains.yahoo.com), a service Yahoo! launched in May 2000 that allows people to search for, register and host their own domain names.

"Yahoo! is synonymous with the Internet, and we believe the credibility associated with the Yahoo! brand will increase our domain name registrations and strengthen our position in the market," said Adrian Kloeden, Melbourne IT's Chief Executive Officer. "The agreement further supports Melbourne IT's strategy to become a leading worldwide provider of domain registration services and highlights our key strengths in providing domain names and related services."

Also through the agreement, Melbourne IT will provide backend domain registrations for users of other Yahoo! properties, including Yahoo! Website Services (http://website.yahoo.com), Yahoo! Servers (http://servers.yahoo.com) and the Personal Address feature for Yahoo! Mail (http://mail.yahoo.com), all of which offer users a comprehensive suite of services to create and maintain a presence on the Web.

"We are pleased to be working with Melbourne IT to provide Yahoo! Domains users with reliable and comprehensive domain name registration solutions," said Shannon Ledger, vice president and general manager, production, Yahoo!. "The agreement with Melbourne IT is in alliance with our goal to provide our users with essential tools and services and demonstrates how Yahoo! is building the Internet's leading global consumer and business services company."

Yahoo! Domains (http://domains.yahoo.com) is a quick and simple way for consumers and businesses to search for, register, and host a .com, .org, or .net domain name. Whether users are Internet novices or experts, Yahoo! Domains offers a solution which serves a variety of needs - from personal to business use. Beginners can easily customize a single Web page and use a personalized e-mail address with their registered domain. For the Web enthusiast and more experienced users, Yahoo! Domains provides the ability to forward domain names to another Web site. Experienced users can also take advantage of the Domain Management Tool, which enables robust DNS management (A records, MX records, and CNAME records). In addition, Yahoo! Domains also provides backend domain registration for users on other Yahoo! properties, including Yahoo! Website Services (http://website.yahoo.com), Yahoo! Servers (http://servers.yahoo.com) and the Personal Address feature for Yahoo! Mail (http://mail.yahoo.com).

About Melbourne IT
Melbourne IT Ltd. is a leading supplier of domain names and eCommerce infrastructure services to the global market. On December 14, 1999 Melbourne IT's shares were listed on the Australian Stock Exchange, trading as MLB. The Company's domain name registration business, Internet Names WorldWide supplies a variety of ccTLD and gTLD domain names (.com, .net, .org) to customers worldwide and offers secure, scaleable and robust registration services and 24-hour customer service. Visit Melbourne IT online at www.melbourneit.com.au.