REA : Haresh Khoobchandani to depart REA Group Asia

Media Release

25 May 2018

Haresh Khoobchandani to depart REA Group Asia

REA Group today announced that Haresh Khoobchandani, REA Group Asia Singapore and Malaysia CEO, will be departing the company in May 2018.

Henry Ruiz, REA Group Asia Chief Executive Officer, commented: "Haresh laid some important foundations for our businesses in the region. His effort and commitment have helped position iProperty.com.my as the market leader in Malaysia and iproperty.com.sg as the fastest growing property portal in Singapore."

Mr Khoobchandani commented: "I have had an amazing experience at REA. The business is well poised to go to new heights with the leadership and teams in place. I am looking forward to seeing the business in Asia grow from strength to strength."

Mr Khoobchandani will remain in his role until the end of May and new appointments will be announced shortly.

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For more information:

Natalie Cerny, Corporate Affairs & Communicationsnatalie.cerny@rea-group.com

Mob: +61 407 487 221

About REA Group Limited: (www.rea-group.com) REA Group Limited ACN 068 349 066 (ASX:REA) ("REA

Group") is a multinational digital advertising business specialising in property. REA Group operates Australia's leading residential and commercial property websites, realestate.com.au and realcommercial.com.au, Chinese property site myfun.com and a number of property portals in Asia via its ownership of iProperty Group. REA Group also owns Smartline Home Loans Pty Ltd, an Australian mortgage broking franchise group, and holds a significant shareholding in property websites Move, Inc in the US and PropTiger in India.