Interim Management Statement

Embargoed for release at 07.00 hours, 6th November 2014 RIGHTMOVE PLC INTERIM MANAGEMENT STATEMENT Rightmove plc ("Rightmove"), the UK's number one property website, todaypublishes its Interim Management Statement for the period from 1st July 2014 todate. Financial and operating information relates to the period 1st July 2014to 31st October 2014 unless otherwise stated. Current trading We have continued to see healthy growth in the last four months, building onour performance in the first half of the year, as we help more consumers andcustomers with more of their decisions around property: * Membership is up 2% since the first half of the year and 5% year to date and now stands at a record 19,320 agents and new homes developments * Average Revenue per Advertiser (ARPA) continues to grow as customers invest more on Rightmove advertising products to promote themselves and their clients more strongly and gain the competitive edge in front of the UK's largest and most engaged home moving audience * Our audience continues to grow with home hunters visiting more often, and searching and researching more property content than ever as evidenced by page impressions up 7% on the same period last year. We continue to be ranked in the top ten most popular websites in the UK alongside global brands such as Google, Facebook, YouTube, eBay and Amazon (Source: Experian Hitwise) * The depth of engagement of our audience has increased further with 3.9m enquiries generated for customers every month, up 12% from an average 3.4m enquiries per month for the same period last year. We have continued to promote the Rightmove brand with our `find your happy'campaign to build on our market leading brand awareness and audienceengagement. This, coupled with continuous innovation across our platforms, hasincreased engagement further with more home movers spending more time searchingfor and researching property. This in turn has led to significantly moreenquiries for our customers and more vendors insisting their properties areadvertised on Rightmove. Mobile has an ever increasing role with nearly half ofour visits now coming from our highly rated mobile apps and mobile optimisedwebsite. During the period we launched an upgrade to our popular market intelligencetools under the banner of `RightmoveIntel' to provide further insight intolocal markets for our agents and ensure they have the competitive edge. Drawingon the most comprehensive dataset available, RightmoveIntel builds on ourexisting set of tools which are already used by 90% of our customers. Our pricecomparable tool provides access to our archive of nearly 40 million propertiesand over 200,000 reports are created every month by agents to support theirmarket appraisals for vendors. Our latest innovation enables customers topinpoint the locations of potential buyers and sellers both within theirimmediate areas and beyond. We have also re-launched our ever popular seminar programme with brand newcontent which focuses on the 21st century home mover, their digital footprint,and how agents can use Rightmove to better identify and understand the consumerand their evolving property-related needs. Agency & New Homes ARPA for the period in both our Agency and New Homes business units showedfurther growth compared to the first half of the year, reflecting the way ourcustomers compete by differentiating themselves via the adoption of ouradditional advertising products and packages, and the effect of increases toour membership fees. Agency membership at the end of October stood at 16,913, a 1% increase sincethe first half of the year, with the growth being driven by an increase in thenumber of sales offices. The number of new homes developments at the end of October stood at 2,407, up5% since the first half of the year, reflecting a broadening of our developercustomer base and an increase in the number of developments from our existingcustomers. Other businesses Our overseas homes advertising business continues to grow strongly withcustomer numbers up 13% since the first half of the year to over 2,000.Audience figures set new records in the period with nearly 30 million searches,up 40% on last year. Rightmove now has 170,000 overseas homes advertised forsale, an increase of over 50% compared to a year ago. Our data services business continues to grow as we help a wide range ofcustomers, including banks and surveyors to leverage Rightmove's UK propertydatabase, which is the largest of its kind covering nearly two-thirds of the UKowner occupied and privately rented housing stock. Our commercial property advertising business has established itself as the UK'slargest commercial property site with over 45,000 properties advertised andover 30 million searches in the period, up more than double compared to thesame period in 2013. Return of capital and financial position As previously announced, an interim dividend of 13p per share will be paid on7th November 2014 to shareholders on the register as at 10th October 2014. Cashgeneration remains strong and since the announcement of the half year resultson 30 July 2014, the Company has acquired and subsequently cancelled 800,000shares at a cost of £17.9m. As at 31st October 2014 Rightmove had £18.5m ofcash. Outlook With continued growth in customer numbers and average spend per advertiser, theBoard remains confident of meeting its expectations for the year. Nick McKittrick, CEO, said: "Rightmove's popularity with the British home moving public is going fromstrength to strength. We have more home movers visiting more often and spendingmore time than ever before, searching for and researching property from nearlyevery agent in the UK. On the back of this record traffic we've increasedenquiries to our customers by over 10%." Media enquiries Please contact Brunswick Group on 0207 404 [email protected] Danaher