Scout24 AG: Shareholders vote strongly in favor of all resolutions presented at the first publicly held general meeting

IR Release

Scout24 AG: Shareholders vote strongly in favor of all resolutions presented at the first publicly held general meeting

Berlin, 23 June 2016 - Scout24 AG ("Scout24" or, together with its affiliates "the Group"), today held its first Ordinary General Meeting as a stock-listed company in Berlin. Since the initial public offering in October 2015 and a secondary share placement in April 2016, more than 40% of the shares of the leading operator of digital marketplaces specializing in the real estate and automotive sectors in Germany and other selected European countries are free-float shares. At today's General Meeting, over 82% of Scout24 AG's total share capital, accounting for 107,600,000 shares, was represented.

The following resolutions, proposed by the Executive Board and the Supervisory Board, were passed:

- Appropriation of the unappropriated net income (Bilanzgewinn) of Scout 24 AG for the financial year 2015

- Formal approval of the acts (Entlastung) of the members of the Executive Board for the financial year 2015

- Formal approval of the acts (Entlastung) of the members of the Supervisory Board for the financial year 2015

- Election of the auditor and Group auditor for the financial year 2016

- Approval of the system for the remuneration of the members of the Executive Board

Greg Ellis, Chief Executive Officer of Scout24 AG, who used the event to once again explain the basics of the Scout24 business model under the slogan "Life Changing Moments" is happy that also retail investors were present: "Our General Meeting offers not only large institutional investors and shareholder representatives but also private investors the opportunity to learn about our operational and strategic activities and to participate in important decision-making processes."

All resolutions of this year's Ordinary General Meeting were resolved with approval rates of up to 99.99%. The detailed voting results and the presentation on agenda item 1 are available for download on the company's website at www.scout24.com/general-meeting.

About Scout24

Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24's digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at http://www.scout24.com.

Investor Relations contact

Britta Schmidt
Vice President Investor Relations & Treasury
Tel.: +49 89 44456 3278
Email: [email protected]

Press contact

Svenja Lahrmann
Instinctif Partners
Tel.: +49 221 42075 23
Email: [email protected]

Disclaimer:

All information contained in this document has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this release is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this press release (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document.