REA GROUP LIMITED INVESTOR & ANALYST PRESENTATION For the half-year ended 31 December 2013 4 February 2014 Greg Ellis - Managing Director and Chief Executive Officer Paul Burrows - Group Financial Controller

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OUR PURPOSE

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Group performance overview

• Revenue growth of 30%

• EBITDA growth of 38% has resulted in further margin growth

• Cash balance growth of 37%

• Significant EPS and DPS growth

(1) Information additional to IFRS measures contained in this presentation is derived from the interim Financial Report for the half-year ended 31 December 2013. EBITDA is reconciled to profit in slide 12.

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AU$ million HY 2014 HY 2013 Growth Revenue 209.4 161.4 30% EBITDA (1) 106.8 77.2 38% EBITDA margin 51% 48% 6% EBIT 96.3 68.2 41% EBIT margin 46% 42% 10% NPAT 70.7 51.6 37% NPAT before minority interest 70.7 51.6 37%

Cash balance 286.3 209.5 37% Earnings per share (EPS) cents 53.7c 39.2c 37% Dividend per share (DPS) cents 22.0c 16.0c 38%

91.9

114.3

134.6

161.4

209.4

2010

2011

2012

2013

2014

HY Revenue ($m)

17.8c

24.8c

31.6c

39.2c

53.7c

HY EPS (cents)

37.6

47.9

59.6

77.2

106.8

HY EBITDA ($m)

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Growth record continues

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Australia, 90%

Italy, 7%

GLR, 2%

Hong Kong, 1%

Australia, 90%

Italy, 6%

GLR, 3%

Hong Kong, 1%

% Group revenue by country

HY 2013 Total revenue:

161.4m

HY 2014 Total revenue:

209.4m

91.9

114.3

134.6

161.4

209.4

37.6 47.9

59.6

77.2

106.8

0%

10%

20%

30%

40%

50%

0

50

100

150

200

250

HY 2010 HY 2011 HY 2012 HY 2013 HY 2014

Group revenue, EBITDA and margin growth

Revenue ($m)EBITDA ($m)% EBITDA margin

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1Form.com – Australian acquisition • Online rental application service which allows customers to manage and store

their rental application details in one simple customisable form • Supports our strategy to help people connect to the practical services they need

to live their property dreams • Purchased in January 2014 • Purchase price: $15m

attico.it – Italian acquisition • Purchase of Italian website and associated software • Providing customers access to multiple sites and expanding audience reach • casa.it now owns the leading property listing management tool for agents • Customer base on acquisition of 2,300

• Purchased in November 2013 • Purchase price: €3.1m

myfun.com - Property portal for Chinese market • Chinese language property website providing Australian and Hong Kong listings

extra reach into Chinese market • Beta version launched in January 2014

2014 developments

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Australian growth by line of business

• 67% growth in listing depth products

• 34% growth in residential

• 22% growth in commercial

• 24% growth in media & developer

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88.4

15.9

40.5

144.8

118.4

19.4

50.3

188.1

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Residential Commercial Media & Developer Total

Australian revenue by line of business ($m)

HY 2013 HY 2014

+34%

+22%

+24%

+30%

118.4 63%

19.4 10%

50.3 27%

Australian revenue by line of business (%)

Residential

Commercial

Media & Developer

HY 2014 Total revenue:

188.1

Revenue growth by advertising category

Category ($m) HY 2014 HY 2013 Growth Listing depth revenue 100.0 59.8 67% Subscription revenue 55.5 58.2 (5%) Media display 31.6 25.4 24% Other 1.0 1.4 (29%) Total 188.1 144.8 30%

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77.5

111.8

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20.0

40.0

60.0

80.0

100.0

120.0

HY 2013 HY 2014

EBITDA ($m)

1,924

2,490

-

1,000

2,000

3,000

HY 2013 HY 2014

Average monthly ARPA ($)

Australian key metrics

• Australia’s No. 1 residential property site

• Listing depth products has driven ARPA growth

• Increased visits across all platforms

• Listing depth success coupled with media display success contributed to EBITDA growth

• Increased paying agents in improved market conditions

(1) REA Internal Statistics for realestate.com.au and realcommercial.com.au combined as at 31 December. (2) Refer to slide 8 for breakdown by device and data source. 7

+29% +37% +44%

Australian key metrics

Metric HY 2014 HY 2013 Growth Average monthly ARPA ($) 2,490 1,924 29% Total listings at December (1) 715,042 749,634 (5%) Average monthly visits ('000) (2) 39,673 28,864 37% Paying agents (1) 9,210 8,982 3% EBITDA ($m) 111.8 77.5 44%

28,864

39,673

-

15,000

30,000

45,000

HY 2013 HY 2014

Average monthly visits ('000)

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Australian visits by platform

(1) Nielsen Online Market Intelligence Home and Fashion Suite Total Traffic for Audited sites average monthly visits for the half-year ended 31 December for main sites for realestate.com.au, realcommercial.com.au and property.com.au combined (including international traffic to sites). (2) Adobe Omniture SiteCatalyst average monthly visits for the half-year ended 31 December for residential and commercial apps visits (including international traffic to apps). (3) HY2014 data: Nielsen Online Market Intelligence Domestic Report Suite Total Traffic for Audited sites average monthly visits for the half-year ended 31 December 2013 for mobile sites for realestate.com.au and realcommercial.com.au (domestic traffic to mobile sites only). HY2013 data: Adobe Omniture SiteCatalyst average monthly visits for the half-year ended 31 December 2012 for mobile sites for realestate.com.au and realcommercial.com.au (including international traffic to mobile sites). Data source changed to Nielsen Online Market Intelligence in FY 2014 for consistency with internal reporting upon information being made available. If HY2013 data was obtained from the same source as the HY2014 data, the half-year average number of visits for 31 December 2013 would have been 3,667,000.

• App visits grew 112%

• Mobile site visits grew 44%

• Increased mobile visits achieved without substitution of main site visits

• Increased engagement by consumers drives growth across all platforms

• Awarded Best Audience Migration to Mobile Technology at the 2013 Australian Mobile Awards

Average monthly visits by platform

19.4 67%

5.2 18%

4.2 15%

HY 2013 Monthly visits:

28.9m

22.5 57%

11.1 28%

6.1 15%

Main site

Apps

Mobile site

HY 2014 Monthly visits:

39.7m

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Australia - average monthly visits

Platform ('000) HY 2014 HY 2013 Growth Main sites (1) 22,472 19,377 16% Apps (2) 11,108 5,245 112% Mobile sites (3) 6,093 4,242 44% Total 39,673 28,864 37% F

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Nationwide facts and figures support our No. 1 position

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Australian main sites (average monthly number of times a person interacts or returns to the site having left for more than 30 mins).

realestate.com.au mobile site (average monthly number of times a person interacts or returns to the site having left for more than 30 mins). Excludes commercial sites.

of total time people spent on Australian property portal sites was on REA Group Sites.

Average monthly time on site (000’s mins) for Australian main sites.

1. Nielsen Online Market Intelligence Home and Fashion Suite Total Traffic for Audited sites average monthly visits for the half-year ended 31 December 2013 for the main sites realestate.com.au, realcommercial.com.au and property.com.au, compared to domain.com.au and commercialrealestate.com.au (including international traffic to sites). 2. Nielsen Online Market Intelligence Domestic Report Suite Total Traffic for Audited sites average monthly visits for the half-year ended 31 December 2013 for the realestate.com.au m.site, compared to domain.com.au m.site (domestic traffic to mobile site only, does not include app visits). 3. Nielsen Online Market Intelligence Home and Fashion Suite Total Traffic for Audited sites total time on site for the half-year ended 31 December 2013 for the main sites realestate.com.au, realcommercial.com.au and property.com.au combined, compared to domain.com.au and commercialrealestate.com.au and the total Australian market for property portals (does not include mobile traffic, includes international traffic to sites). 4. Nielsen Online Market Intelligence Home and Fashion Suite Total Traffic for Audited sites, average monthly time on site for the half-year ended 31 December 2013 for the main sites realestate.com.au, realcommercial.com.au and property.com.au, compared to domain.com.au and commercialrealestate.com.au (including international traffic to sites). 5. Nielsen Online Market Intelligence Home and Fashion Suite Total Traffic for Audited sites, total time on site divided by total visits for the half-year ended 31 December 2013 for the main sites realestate.com.au, realcommercial.com.au and property.com.au, compared to domain.com.au and commercialrealestate.com.au (including international traffic to sites).

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Italy

• casa.it is Italy’s No.1 property site • Average unique audience 1.4 times greater

than the closest competitor • Acquisition of Attico.it in November 2013 to

expand our product offering to customers and continue to strengthen market position

• Total revenue growth of 2% achieved in a challenging property market

• Average monthly visits growth of 13%

1. REA Internal Statistics for casa.it at 31 December. 2. Adobe Omniture SiteCatalyst average monthly visits for the half-year ended 31 December for casa.it (main and mobile site visits, includes international traffic to site). 3. HY2014 data: Audiweb average monthly unique audience utilising the most recent available data (four months to October 2013). HY2013 data: Netview statistics average unique audience for the half-year ended 31 December 2012.

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1.4x

Revenue by advertising category

Categories (€'m) HY 2014 HY 2013 Growth Subscription revenue 8.0 7.7 5% Listing depth revenue 0.9 0.6 47% Media display & other 1.0 1.4 (29%) Total revenue 9.9 9.7 2% EBITDA 0.1 1.1 (91%)

Italian key metrics

Metric HY 2014 HY 2013 Growth Average monthly ARPA (€) 135 121 11% Listings ('000) (1) 612 611 0% Average monthly visits ('000) (2) 8,035 7,104 13% Average monthly unique audience ('000) (3) 2,633 2,096 26% Paying agents (1) 11,368 10,555 8%

1,928

2,633

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1,000

2,000

3,000

Closestcompetitor

casa.it

Average monthly unique audience ('000)

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Luxembourg and Hong Kong

• Greater Luxembourg’s No.1 property site • Revenue growth of 25% • Average monthly visits growth of 14%

• Significant marketing investment to establish as No. 1 digital property advertising business

• Revenue growth of 15% • Average monthly visits growth of 76%

(1) Adobe Omniture SiteCatalyst average monthly visits for the half-year ended 31 December for athome.lu, athome.de, atoffice.lu and immoregion.fr combined (main and mobile site visits, includes international traffic to site). (2) Adobe Omniture SiteCatalyst average monthly visits for the half-year ended 31 December for squarefoot.com.hk (main site visits only, includes international traffic to site). 11

Greater Luxembourg Region performance Hong Kong performance

Metrics HY 2014 HY 2013 Growth Metrics HY 2014 HY 2013 Growth Total revenue (€m) 3.9 3.1 25% Total revenue (HK$ m) 8.6 7.5 15% EBITDA (€m) 1.7 1.2 46% EBITDA (HK$ m) (3.0) (0.7) (329%) Average Monthly ARPA (€) 557 456 22% Average Monthly ARPA (HK$) 6,616 6,946 (5%) Average Monthly Visits (000's) (1) 843 736 14% Average Monthly Visits (000's) (2) 473 269 76%

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Five year financial comparative

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Financial comparatives ($'000) HY 2010 HY 2011 HY 2012 HY 2013 HY 2014 Growth

Revenues from continuing operations 91,867 114,341 134,618 161,427 209,422 30% Operating expenses (54,308) (66,447) (75,052) (84,181) (102,623) 22% EBITDA 37,559 47,894 59,566 77,246 106,799 38% EBITDA Margin 41% 42% 44% 48% 51% Depreciation and amortisation expense (3,360) (4,487) (7,174) (9,055) (10,533) 16% EBIT 34,199 43,407 52,392 68,191 96,266 41% EBIT Margin 37% 38% 39% 42% 46% Net finance income 236 1,706 3,168 4,533 4,677 Earnings before tax 34,435 45,113 55,560 72,724 100,943 39% Income tax expense (11,297) (13,900) (14,351) (21,130) (30,247) Profit from continuing operations 23,138 31,213 41,209 51,594 70,696 37%

EPS 17.8 24.8 31.6 39.2 53.7 37% Dividend (cents) - 10.0 12.5 16.0 22.0 38%

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Performance by Country

(1) Weakening of AUD compared to EURO from comparative period has positively impacted revenue in Italy and GLR by $2.3m and $0.9m respectively. (2) Corporate allocations increased from comparative period as result of increase in corporate costs and strategic group initiatives.

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Performance ($'000 AUD) HY 2014 HY 2013 Growth

Revenue Australia 188,122 144,747 30% Italy (1) 14,465 11,890 22% Luxembourg (1) 5,720 3,860 48% Hong Kong 1,115 930 20% Total 209,422 161,427 30%

EBITDA Australia 111,792 77,480 44%

Italy 150 1,362 (89%) Luxembourg 2,512 1,448 73% Hong Kong (416) (84) (397%) Corporate (2) (7,239) (2,960) 145% Total 106,799 77,246 38%

EBITDA Margin Australia 60% 54%

Italy 1% 11% Luxembourg 44% 38% Hong Kong (37%) (9%) Total 51% 48%

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FY2014 awards & achievements

Legal Team of the Year Small

Top 200 Best Under A Billion Employer Award in the 2013 Women in Media Awards

2.8m + IOS and Android app downloads (2)

31,000 + Twitter followers (3)

(1) Towers Watson 2013 independent employee engagement study (600+ companies surveyed). (2) Apple iTunes Store (IOS) & Google Play (Android) downloads as at 31 December 2013 for residential and commercial apps. (3) https://twitter.com/realestate_au as at 31 December 2013. 14

88%

Our Australian employee engagement score puts REA in

the top 5% of companies surveyed (1)

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OUR ORGANISATIONAL MODEL

REA GROUP LINE OF BUSINESS TRANSFORMATION GREG ELLIS, CEO AND MANAGING DIRECTOR MONDAY 22 APRIL, 2013

Disclaimer: The material herein is a presentation of non-specific background information about the Company’s current activities. It is information given in summary form and does not purport to be complete. Investors or potential investors should seek their own independent advice. This material is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of a particular investor. These should be considered when deciding if a particular investment is appropriate.

THANK YOU

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