Interim Management Statement

Embargoed for release at 07.00 hours, 7th May 2014 RIGHTMOVE PLC INTERIM MANAGEMENT STATEMENT Rightmove plc ("Rightmove"), the UK's number one property website, today publishes its Interim Management Statement for the period from 1st January 2014 to 7th May 2014. Financial and operating information relates to the period 1st January 2014 to 30th April 2014 unless otherwise stated. Current trading The positive start to 2014 that we reported at our Full Year results at the end of February has continued throughout the period: * Our audience continues to grow, with page impressions up 14% on the same period last year and 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 * We generated a record 14.8 million enquiries for our customers, an increase of 30% on the same period last year * Average Revenue per Advertiser (ARPA) has shown healthy growth, reflecting further adoption of our additional advertising products and packages and the effect of increases to our membership fees * The number of agency and new homes advertisers at the end of April stood at 18,743, up 2% on December 2013. We continue to promote our brand in order to further increase our audience reach for our customers. We ran a national TV campaign in January and February and in April we launched our new `find your happy' national marketing campaign. This cross-platform campaign includes outdoor, online and mobile advertising, social media and a new national TV advert. We set a new monthly record for traffic in January with 1.45 billion pages viewed across all our platforms and a record 5.5 billion pages for the period. The growth in traffic is being driven by mobile with our latest highly rated mobile apps and mobile optimised website delivering over 2 billion pages. This increase in traffic has generated a record number of over 3.5 million enquiries per month for our customers, equating to more than one enquiry every second. Agency & New Homes ARPA for the period in our Agency and New Homes business units both increased as a result of further adoption of additional advertising products and packages, as well as membership fee price increases. Spending by our customers on additional products and packages has driven the majority of the growth and is up over 30% compared to the same period last year. Agency membership at the end of April stood at 16,458, a 2% increase since the start of the year, whilst the number of developments at the end of April stood at 2,285, an increase of 1% since the start of the year. Other businesses Our data services, overseas homes and commercial businesses, all modest contributors in terms of overall revenue, continue to trade healthily. Return of capital and financial position As previously announced, the final dividend for 2013 of 17p per share will be paid on 6th June 2014 to members on the register on 9th May 2014, subject to approval at today's AGM. Cash generation remains strong and to date this year, the Company has acquired and cancelled 1.2m shares at a cost of £30.8m. Cash balances as at 30th April 2014 were £6.9m. Outlook With healthy growth in average spend per advertiser so far this year and an improving UK property market, the Board remains confident of meeting its expectations for the year. Nick McKittrick, CEO, said: "Rightmove's popularity continues to grow, with traffic setting new records and further increasing the market leading reach we provide for customers' properties and brands. Our mobile apps and mobile optimised sites have proved particularly effective in driving the growth in traffic resulting in 30% more enquiries for our customers compared to the same period last year." Media enquiries Please contact Brunswick Group on 0207 404 5959 rightmove@brunswickgroup.com Tim Danaher

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Rightmove (RMV)
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