FOR IMMEDIATE RELEASE
18 May 2007
Change in shareholding
In response to the TR1 notification released earlier today announcing the
disposal of 6,300,000 shares by Connells Ltd on 17 May 2007, Rightmove plc
("Rightmove"), the UK's number one property website, confirms that Rightmove
will continue to benefit from all aspects of the commercial agreements entered
into between Rightmove and Connells including the agreement to list all
Connells estate agency properties on Rightmove until at least 2009.
Connells continues to hold 21,245,175 shares in Rightmove being 16.01 % of the
issued share capital.
Stephen Shipperley remains appointed to the Board as a non-executive director
pursuant to the Relationship Agreement entered into at the time of the
flotation in March 2006, which provides that Connells Ltd is entitled to
appoint a representative to the Board for so long as they maintain an interest
in 15% or more in the Company's issued share capital.
Graham Zacharias, Rightmove plc
Telephone: 0207 318 9095
Brian Hudspitch, Maitland
Telephone: 0207 379 5151