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Rightmove Plc (RMV)

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Thursday 06 July, 2006

Rightmove Plc

Trading Statement

Rightmove Plc
06 July 2006

                                  Rightmove plc

                                 TRADING UPDATE

Rightmove plc, the UK's number one property website, today issues a trading
update ahead of its results for the half year ended 30 June 2006, due to be
released on 1 September 2006.

Given the positive first half outturn, the Board is confident that revenue and
profit before tax for the full year will exceed the top end of the range of
analysts' estimates. Analysts' estimates for profit before tax, excluding HIPs
development costs, flotation expenses and share option (IFRS 2) charges are in a
range from £16.1m to £16.4m.

Key achievements for the half year have been:

• Growth in customer numbers is significantly ahead of previous

                             June 06       Dec 05      Incr.%      June 05

Estate agents                 10,360        8,573        +21%        7,802
New homes developers           2,367        1,549        +53%        1,369
Lettings                       1,523          957        +59%          232
Overseas                         430          404         +6%          220

• Increased penetration with independent agents, notably in London, and at
  the upper end of the market with the addition of Savills, Knight Frank and
  Hamptons as Prime Location no longer requires exclusivity from its

• Rightmove no longer sees an upper limit of 80% on its market
  penetration. This is evidenced by 3 out of 10 regions having already
  breached this level, with East Anglia at 87%, closely followed by the South
  East and East Midlands at 86% each.

• New homes saw key large customer gains with George Wimpey, David Wilson
  Homes and Redrow Homes.

• As in previous years, prices were increased to all new joiners from July
  1st. A new estate agent branch joining from July 1st. will now pay £300 per
  month to advertise all their properties, up from £250.

• The HIPs proposition was further reinforced by the latest Government
  regulations. Rightmove's project is on track and within budget, with sales
  commitments in respect of over 400,000 packs secured.

• Net cash balances were £5.2m

• Entry into the FTSE 250 index was achieved at the first quarterly review
  following flotation



Rightmove:  Graham Zacharias (FD)             +44(0)20 7318 9084

Maitland:   Neil Bennett / Brian Hudspith     +44(0)20 7379 5151

                      This information is provided by RNS
            The company news service from the London Stock Exchange