Interim Management Statement

Embargoed for release at 07.00 hours, 5th May 2010 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 2010 to 30th April 2010. Current trading Four months into the year the business is trading in line with the strong start to 2010. * Website usage by home hunters continues to set new records. March was our busiest month ever and 6th April (the first working day after Easter) was the busiest day ever on the Rightmove.co.uk website * The overall number of advertisers is up 1% since December 2009. We have seen growth in the number of estate agents and overseas advertisers, however there has been a decline in the number of new homes developments being advertised * Price rises for 2010 were implemented during the first four months of the year and were accepted by virtually all advertisers * Average Revenue per Advertiser (ARPA) has grown strongly, matching our aspiration of achieving an increase in the region of 20% by April as compared to the 2009 average. Adoption of additional products has also been strong with over 55% of agents and new homes developers now taking at least one additional product and 20% of their spend is on additional advertising products. Activity levels on the website Page impressions on the Rightmove.co.uk website during the first four months were up 30% on the same period a year ago at over 2.6 billion and March was our busiest month ever for site traffic. Rightmove's market share among the top property websites is 83%* for the first four months, up from the average of 81% for 2009. January's successful TV advertising campaign was repeated in April, with the Rightmove Apple iPhone application being featured in Apple's own TV advertising campaign for much of the intervening period. Paid site traffic, at only 0.1% of total visits to the site, is negligible showing the ongoing strength of Rightmove's brand recognition and further success in optimising our organic search performance. Agency Rightmove estate agency membership has grown during the first four months of 2010 and stands at 10,900, up 5% on the end of 2009. Our fourth and fifth largest estate agency customers have renewed their contracts, with the next significant contract renewal in April 2011. ARPA in the first four months is up substantially compared to the same period in 2009 as a result of prices rises and sales of additional advertising products including the new display advertising products. A large number of estate agents have chosen to take a bundle of advertising products as an alternative to the price rise. We now have 25% of independent estate agents spending at or above £525 per office per month. Sales of lettings only memberships have been healthy in the first four months of 2010, however this has been offset by a similar number of lettings only agents leaving the industry. ARPA growth has been very strong as a result of price rises. An encouraging trend is the number of lettings only agents returning to the estate agency market, which in many cases they had exited in 2008, and upgrading their Rightmove membership accordingly. These agents are therefore included in estate agency membership numbers and as a result lettings only membership stands at 3,650, down by 100. New homes The number of developments coming on to Rightmove continues to be low. As a result new homes development numbers on the site fell during the first four months of the year by 300 to 2,800. ARPA has continued to grow strongly as a result of price rises and sales of additional advertising products. Other businesses Our overseas homes advertising business continues to transition towards being a more private advertiser dominated proposition rather than being solely for agents. As a result the number of advertisers has grown significantly, although the ARPA is down compared to 2009. Holiday Lettings has experienced a strong start to the year with new advertiser and renewal prices around 25% higher than a year ago. Renewal rates have strengthened since the middle of 2009 and are now running at similar levels to a year ago. New sales volumes are slightly down on a year ago although overall new sales revenues are higher as the result of the higher prices being achieved. Page impressions to the Holidaylettings.co.uk website were up by 20% in Q1 2010 on a year earlier. Costs Operating costs remain low and will most likely be slightly below the £31m indicated at the Full Year Results. Return of capital Our final dividend for 2009 of 7p will be paid on 11th June 2010 to members on the register on 14th May 2010. Share buy-backs were recommenced in April with 0.5m shares purchased at an average price of 670p during the month. Outlook Given the positive results so far this year, coupled with the subscription-based business model, the Board remains confident of meeting its improved expectations as communicated at the Full Year Results. Contact: Ed Williams (MD) or Nick McKittrick (FD), Rightmove plc 07894 255295 * percentage of all UK pages of the top four property websites as measured by Hitwise, including www.aboutmyplace.co.uk and www.holidaylettings.co.uk.

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