REA : appoints Georgia Beattie as Head of Spacely

Media Release

REA Group appoints Georgia Beattie to head up Spacely

REA Group today announced the appointment of Georgia Beattie as Executive Manager of Spacely, the company's new property website for shared work and short-term commercial spaces for events, retail, meeting rooms and creative spaces.

Ms Beattie joins REA Group from Startup Victoria where she has served as chief executive since 2016.

Launched in May last year in beta, Spacely is already the number one listings site for the fast-growing flexible workspace and short-term commercial listings market1 and the company has flagged its ambitions to continue to scale its business.

Announcing Ms Beattie's appointment, REA Group's EGM Commercial & Developer, Joseph Lyons, commented: "The volume of co-working space continues to grow at a phenomenal rate. So Spacely needs a leader who understands the needs of start-ups and embodies the creativity, focus and entrepreneurial spirit that exists in the shared workspace environment.

"Georgia's strong ties to the start-up community, coupled with her ability to take ideas and execute them on a global scale, makes her the perfect fit for this role," said Mr Lyons.

Ms Beattie said:"The exponential growth in co-working spaces is a very real sign that the nature of work is changing. Spacely is a fantastic platform to bring people together, whether they're starting up, branching out, or gearing up for growth. I'm excited to be able to lead the business, and together with the team, take it to the next level."

"The opportunity to join REA, which has always been front and centre of doing things differently in the digital industry on both a local and global scale, was hard to ignore," said Ms Beattie.

The expansion of co-working has gathered significant momentum, with the number of co-working spaces growing by over 300% since 2013 to 309 spaces, occupying over 193, 190sqm, with Melbourne accounting for over 50% and Sydney almost 40% of the spaces2.

Ms Beattie joins REA Group at the end of February and will report to Mr Lyons.

To view all listings, visit spacely.com.au

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For more information:

Erin Chancellor, Corporate Communications ManagerErin.chancellor@rea-group.com

Mob: +61 411 048 474

• 1 REA internal listings data January 2019 compared to nearest competitors

• 2 Knight Frank: Flexible Workspace, co-working & the future report, Aug 2017

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 operates Australia's leading residential and commercial property websites, realestate.com.au andrealcommercial.com.au, spacely.com, Chinese property site myfun.com and a number of property portals in Asia via its ownership of iProperty Group. REA also owns Smartline Home Loans Pty Ltd, an Australian mortgage broking franchise groupe and hold a significant shareholding in property websites Move, Inc. in the US and PropTiger, Makaan.com and Housing.com in India.

About Georgia Beattie

Georgia began her career studying entrepreneurship at Babson College, Boston and RMIT, Melbourne. Shortly after finishing her University degrees, Georgia raised seed capital to found wine startup Lupé Wines in 2011. Lupé Wines specialised in supplying events, airlines and hotel minibars with the world's first single serve glass of wine designed for ease of use. The company expanded quickly across Australia, Japan, Korea, Taiwan and China. Lupé was listed as top 10 startups to watch by BRW and Georgia was listed as Top 50 Entrepreneurs to watch in 2015. In 2016 the company was successfully sold.

Georgia took on the CEO role at Startup Victoria in 2016 to help organise the startup ecosystem from her experience as an Australia entrepreneur. Startup Victoria is the go-to independent startup body for Victoria that focuses on creating more founders and better founders.

Georgia also sits on the board of Second Bite, advisory board member of Law Squared and is an Expert Advisory Member for the Australian Federal Government Accelerating Commercialisation Programme.