Smart Travel Update
July 2008

Qantas’ Frequent Flyer Changes
We know that the new program has been released to over five million Frequent Flyer members offering the option of using points to book any seat on any Qantas or Jetstar Flight.

Qantas Frequent Flyer members now have three different options for obtaining award or redemption seats: · Qantas and Jetstar Any Seat Awards - this allows members to use points for any seat including taxes and charges on any flight with a Qantas or Jetstar flight number. Not all special promotional fares are available as the Any Seat Awards flights must be booked at least 24 hours before scheduled departure; · Points Plus Pay - which allows members to use a combination of points and a credit/charge card payment, for Qantas and Jetstar Any Seat Awards and in the Qantas Frequent Flyer online store; and · Qantas and Partner Classic Awards – the traditional option of using a set number of points for a limited number of seats on Qantas, Jetstar and partner airlines, with no change to the points required. Under the new Any Seat Award option, members with sufficient points can access more than three million seats each month in all classes covering more than 140 destinations in 38 countries.

The Any Seat Awards will generally cost more because they reflect the commercial fares available and include all taxes and charges. Examples of Any Seat Award options for return Economy flights inclusive of taxes and charges: · Sydney - Gold Coast in July (Jetstar) from 18,000 points · Sydney - Christchurch in July (Jetstar) from 57,012 points · Melbourne - London in November (Qantas) from 223,925 points · Sydney - Melbourne in July (Qantas) from 26,792 points There is also the opportunity to earn points with more than 350 program partners including airlines, hotels, financial institutions and retailers, and you could use points, or the points plus cash option, to purchase a broad range of merchandise from an expanded online Qantas Frequent Flyer Store. There are now more than 700 products and gift vouchers covering everything from hot air ballooning and Qantas Holidays travel, to music downloads from Sony BMG.

Key partners include:

Airlines - Qantas, Jetstar, nine Oneworld alliance partners and 15 other airlines;

Cards - ANZ, Westpac, American Express, Diners Club, National Australia Bank, Commonwealth Bank, St George, Suncorp and Citibank;

Cars - Avis, Hertz, Budget, Thrifty, Volvo, Trivett and Beaurepaires;

Hotels - Hilton, Choice, Intercontinental, Sofitel, Medina, Best Western and Hyatt; Travel and Travel Services - Travelex, Qantas Holidays, Skimax, Qantas In Sky Shopping, Nuance, DFS, QBE and Cruiseco;

Retail and Entertainment - Qantas Box Office, Qantas Frequent Flowers, Cellarmasters, Optus, Fletcher Jones and Qantas Frequent Flyer collection;

Finance, Business and Real Estate - LJ Hooker, E-Trade, Leveraged Equities, SNAP Printing and Rental Rewards.