Directorate Change & simplified organisation

FOR IMMEDIATE RELEASE 13 January 2009 Rightmove plc (Rightmove) Rightmove simplifies organisation Rightmove, the UK's number one property search website, today announces changes to simplify its organisation and Board, effective January 2009. Rightmove will merge finance and other head office functions with its main property advertising business. "The costs, as well as potential decision making delays, that go with a group management structure have been eliminated" says Ed Williams, Managing Director. Nick McKittrick becomes Chief Operating Officer and Finance Director. Since the start of 2005 Nick has been Managing Director of the main Rightmove.co.uk operating subsidiary overseeing a trebling of revenue in three years. Prior to that, he created Rightmove's new homes business which contributes a quarter of total revenue. Nick is a founding Director joining Rightmove in 2000 and the Board in 2004, making him among Rightmove's longest serving Board members. Scott Forbes, Chairman, says "The Board would like to congratulate Nick on this promotion into a key new role. Nick has a remarkable track record at Rightmove. This change will best integrate operational with financial practices as we assist our customers in the face of the current housing market." Graham Zacharias (who joined the business as Group Finance Director in 2006, prior to the IPO) will stand down from the business in the spring of 2009 and will not stand for re-election to the Board at the May 2009 AGM. Scott Forbes said "We would all like to thank Graham for his tremendous contribution to transform Rightmove from a private company to a FTSE250 public company." Rightmove will report its 2008 results on 27 February 2009. Person responsible for making this announcement: Liz Taylor, Company Secretary, 0207 087 0700 Ends

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Rightmove (RMV)
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