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Strong progress across Asia despite difficult conditionsProduct innovations launched to support customers and consumers during COVID-19 iProperty.com.my Malaysia’s #1 property site1, growing site visits 35% YoY280% of customers successfully migrated to new iProperty PRO platformiProperty PRO depth penetration continued to increaseLaunch of i360 virtual tours experiencing strong uptake, supportingcustomers to connect with consumers despite COVID-19 restrictions Delivered new mobile-prime property transactions hub providing access toprice, transaction trends and insights across Hong Kong market New flexible subscription packages resulting in increased customer renewalrates New social-sign in capability launched increasing number of registered users Delivered strong audience growth led by Indonesia across both 99.co andrumah123.com3 Launched Singapore's largest-ever virtual property show Entered binding agreement to acquire 100% ownership of SRX, the marketleading data & analytics provider in Singapore(1) SimilarWeb, Oct 20 – Dec 20, a comparison with iProperty.com.my and propertyguru.com.my. (2) Google Analytics, Total Sessions, Jul 20 - Dec 20 vs Jul 19 – Dec 19. (3) Google Analytics, Total Sessions, 99 Group Indonesia (99.co andrumah123.com), Jul 20 – Dec 20 vs Jul 19 – Dec 19.12

International investments across large andgrowing marketsControlling interest secured in Elara Technologies while Move, Inc. delivered strong result REA Group moved to a controlling position in Elara Technologies, increasing itsoriginal shareholding from 13.5% to 59.65% Elara operates India’s fastest growing digital real estate business in terms ofaudience1 Digital adoption of real estate accelerating with Housing.com audience,growing 57% YoY2 Indian market beginning to recover from COVID-19 impacts Move, Inc. revenue up 20% to USD 293 million3 benefitting from strong consumerdemand Unique users and leads reaching all-time highs, despite industry wide active listingvolumes remaining historically low realtor.com Q2 avg monthly unique users grew 37% YoY to 80 million4(1) SimilarWeb, Dec 20 (based on traffic growth from Dec 19 to Dec 20 relative to 99acres, MagicBricks & NoBroker). (2) Google Analytics, Total Sessions, Jul 20 - Dec 20 vs Jul 19 – Dec 19. (3) NewsCorp’s Form 10-Q stated in US Dollars for the six-monthperiod ended 31 December 2020. (4) NewsCorp’s Earnings Release stated in US Dollars (4 February 2021) for the six-month period ended 31 December 2020: Average monthly unique users for Q2 FY21 and compared to prior corresponding period.13

REA Group is committed to sustainable practicesCreating positive change through our ESG focusEnvironment – Increased Climate Change commitment Introduced REA’s inaugural Climate Change policy with established carbon footprint andscience based aligned targets to reduce carbon footprintCommitment to annual carbon neutral certification starting with our FY20 footprintSocial – Highly engaged workforce passionate about big issues Extended multi-year community partnerships with charities focused on endinghomelessnessIncreased Australian diversity ratio with 50:50 gender representation across seniorleadership groupFuture of work research and design completed resulting in new hybrid working modelIncreased positive sentiment in Nov 2020 engagement survey – 84% (Aus) and 82% (Asia)and executive leadership capability at 88% (global)Governance – Increased investment in cyber security Increased investment in Cyber Security team with new operational, engineering andadvisory capabilityCommitted to transparency around our environmental impact through our firstparticipation in the 2020 CDP questionnaire and SAM Corporate SustainabilityAssessment.14

Financial HighlightsH1 FY21 results15

Financial operating resultsPerformance ( m)H1 FY21H1 FY20Growth mGrowth%Revenue1AustraliaFinancial ServicesAsiaGroup ial ServicesAsiaCorporateGroup EBITDA before associates2EBITDA esGroup EBITDA2EBITDA Margin5.6290.267%(4.9)267.261%10.523.0 100%9%172.1152.919.2Revenue ( m)1H1 FY21430.4H1 FY20440.3H1 FY19469.2H1 FY18406.8H1 FY17337.3EBITDA ( m)2H1 FY21Net profit2Cash BalanceEarnings Per Share ('EPS') (cents)2Dividend Per Share (cents)179.9130.759.091.0116.155.0290.2H1 FY20267.2H1 FY1913%289.1H1 FY18242.8H1 FY1788.914.64.098%13%7%Growth%13%n/mn/mH1 FY20200.1EPS (cents)2Reconciliation to Financial Statements ( m)Net profit from core operationsRestructure costs4Historic tax provision4Gain/(loss) on acquisitions and disposals and business combination transactioncosts3, 4Reported net profitH1 FY21H1 FY20172.1(2.2)152.9(2.9)-Growth m19.22.9(2.2)3.5(2.3)5.8 100%H1 FY18173.5147.725.817%H1 FY17(1) Revenue is defined as revenue from property and online advertising and revenue from Financial Services less expenses from franchisee commissions. (2) Financial results/highlightsfrom core operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic tax provision (historic indirect taxprovision reflects potential retrospective changes to interpretation of tax law). In the prior comparative period, they excluded items such as restructure costs and gain/loss onacquisitions and disposals and transaction costs. (3) Transaction costs incurred in the current period relate to the Group’s acquisition of Elara. Transaction costs incurred in the priorcomparative period relate to the Group’s disposal of its investment in iProperty Singapore and its investment in the 99.co joint venture. (4) Net of tax.H1 FY21130.7116.1H1 FY19134.1111.892.516

Volatile market conditionsResidential Listing Changes1Residential listings70% In Australia, the residential property marketshowed continued signs of recovery with Nationalresidential listings increasing 4% and Sydneylistings increasing 19% for the half.20% In contrast, the COVID-19 restrictions inMelbourne caused significant weakness in the firstquarter.-30%-80%NationalMelbourne (metro)Sydney (metro)Dwelling Commencement Changes250%Now40% Following the removal of COVID-19 restrictions inNovember, the Melbourne market rebounded,resulting in an overall 11% decrease in listings forthe half.Developments30% 8% YoY increase in project launches, assisted bygovernment stimulus.20%10%(10%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23(20%) BIS Oxford has upgraded its FY21 forecast for newproject commencements from -5% to 7%2.(30%)(40%)(50%)Private HousesPrivate Attached Dwellings(1) REA Internal Data Jul 19 – Dec 20. (2) BIS Oxford BIA Data - dwelling commencements quarterly forecast at Dec 20.Total Private Dwellings17

Strong EBITDA performanceGroup EBITDA ( m)122.5290.2 Residential revenue increased 4%, due to increase inbuy listings, stronger Premiere penetration, continuedgrowth in add-on products and a one-off COVID-19related impact resulting in a reduction in listingssyndicated to MyFun. Commercial and Developer revenue declined 7%due to a significant decline in commercial listings.14.8(3.8) Media, data and other revenue declined by 12%,primarily driven by a reduction in Developer displayadvertising.(6.0) Subscription revenue declined due to discountsprovided as part of COVID-19 support.(3.8)(1.0)267.2H1 er & Media, Data SubscriptionsCommercial& AsiaRevenue10.5Share ofLosses ofAssociates &JointVentures Asia revenue decreased due to renewed COVID-19related lockdowns and continued cancellation ofevents across all markets, as well as the one-offreduction in syndicated MyFun listings.OperatingExpensesH1 FY21GroupEBITDA Share of associates increased 10.5m due to thepositive equity contribution from Move. Operating expenses2 decreased 13% as a result ofstrong cost management, COVID-19 related savingsand deferral of marketing into the second half.Costs(1) Financial results/highlights from core operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic taxprovision (historic indirect tax provision reflects potential retrospective changes to interpretation of tax law). In the prior comparative period, they excluded items such as restructurecosts and gain/loss on acquisitions and disposals and transaction costs. (2) Operating expenses exclude share of losses of associates and joint ventures. Financial results/highlights fromcore operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic tax provision (historic indirect tax provisionreflects potential retrospective changes to interpretation of tax law). In the prior comparative period, they excluded items such as restructure costs and gain/loss on acquisitions anddisposals and transaction costs.18

Strong Premiere penetrationResidential Listing Penetration (depth)Residential listing depth penetration Overall penetration and Premierepenetration maintained despite thesignificant Q1 FY21 listing declines inMelbourne. Continued penetration and Premieregrowth in NSW and QLD offsetting theCOVID-19 impact from VIC. Contracted price rises cancelled for FY21across all depth categories.H1 FY17H2 FY17H1 FY18H2 FY18Premiere propertyH1 FY19H2 FY19Highlight propertyH1 FY20H2 FY20H1 FY21Feature property* Penetration is based on listings being on site for minimum 3 days.19

International performanceimpacted by COVID-19AsiaRevenueAsiaEBITDA1 17.0m-38% 1.7m-73%Asia Revenue negatively impacted by renewed COVID19 related lockdowns, cancellation of events acrossall markets, adverse FX movements and the one-offCOVID-19 related reduction in syndicated MyFunlistings. Prior period comparatives also include Singaporeand Indonesia, which were deconsolidated from 1March 2020 as part of the 99 Group transaction. Revenue decline was partially offset by continuedcost management across the region. The Group moved to a controlling position of Elarain December 2020. REA will consolidate Elara’searnings effective 1 January 2021.North America Move’s strong operational performance contributedto the Group’s profit during the half.Share of losses 1.1mn/mShare of losses 2.4m 23%Share of gain2 9.4m( 1.5m loss in PCP)(1) Excludes share of losses of associates and joint ventures. Financial results/highlights from core operations exclude significant non-recurring items such as gain/loss on acquisitions anddisposals and transaction costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes to interpretation of tax law). In the prior comparative period,they excluded items such as restructure costs and gain/loss on acquisitions and disposals and transaction costs. (2) Financial results/highlights from core operations exclude significant nonrecurring items such as gain/loss on acquisitions and disposals and transaction costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes tointerpretation of tax law). In the prior comparative period, they excluded items such as restructure costs and gain/loss on acquisitions and disposals and transaction costs. (3) NewsCorp’sForm 10-Q stated in US Dollars for the six-month period ended 31 December 2020. Reported revenue growth of 20% to US 293m3 wasdue to the continued strength in the referral modeland recovery in the traditional lead gen product,both benefitting from improved average monthlylead and transaction volumes. The result alsobenefitted from lower costs including the deferral ofmarketing costs.20

Operating resultsH1 FY21 revenue The Group’s result reflects the diverse effects ofthe COVID-19 pandemic across Australia and theGroup’s International businesses.Group Operating Results Growth1,2H1 FY21 costs30.0% Continued focus on strong cost managementresulted in a 13% reduction in total core operatingexpenditure2 for the half.20.0% All cost categories decreased due to acombination of ongoing cost managementinitiatives, COVID-19 related savings and thedeferral of marketing spend into the second half.10.0%FY17FY18FY19FY20H1 FY21FY21 target The Group continues to prudently manage its costbase, targeting full year positive operating jaws,excluding the impact of acquisitions. The Groupanticipates core operating costs for FY21 (excl.acquisitions) to be broadly in line with FY20.(10.0%)(20.0%)Revenue growthOperational expenses growth(1) Financial results/highlights from core operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic taxprovision (historic indirect tax provision reflects potential retrospective changes to interpretation of tax law). In the prior comparative period, they excluded items such as restructurecosts and gain/loss on acquisitions and disposals and transaction costs. (2) Operating expenses exclude share of losses of associates and joint ventures. Financial results/highlights fromcore operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic tax provision (historic indirect tax provisionreflects potential retrospective changes to interpretation of tax law). In the prior comparative period, they excluded items such as restructure costs and gain/loss on acquisitions anddisposals and transaction costs. Second half operating cost growth will increase asinvestment increases and the benefits of COVID19 related savings reduce.21

Continued investment inCapital ExpenditureInvestment strategyGroup Capital Expenditure The Group continues to invest to supportgrowth over the medium to long-term.25%90.080.0 Investment focus is on consumer experience,new product delivery and 7%7%FY17FY1810.08%8%7%FY19FY20H1 FY21-5%% of revenueAmount ( m)60.0Fit out costs No significant fit outs are planned for FY21.0%Once-off office fit out costsCapExTotal Depreciation and Amortisation expenseCapEx as a % of revenue (excl. office fit out)REA Group ( m)Core depreciation & amortisationDepreciation of leasesElara amortisationTotalH1 FY21Actual34539H2 FY21Forecast34-3652-441-45Elara acquisition H2 FY21 acquisition-related D&A anticipatedrange of 2-4m. Valuation of acquired assetswill be finalised within 12 months of theacquisition date.FY21Forecast68-70102-480-8422

Strong cash positionCash flow highlightsGroup cash flow ( m)464.7 Operating cash flows of 125m impacted byhigher income tax payments following thetemporary deferral of FY20 instalments as aresult of COVID-19.(219.0) Lower receipts from customers driven byrevenue decline and working capitalmovements were partly offset by lowerpayments to suppliers and employees. Interim dividend payment of 59.0c per share,7% higher than prior year.(119.1)(1.7) Continued investment in innovation andacquisitions including a controlling interest inElara.(56.7)(31.2)(3.1)(72.6)222.8(4.4)Opening cashbalanceReceipts fromcustomersPayments tosuppliersand employeesIncome taxespaidNet interestpaidOperating ActivitiesPayment forsubsidiary,associates andconvertible noteInvesting ActivitiesCapitalexpenditureRepayment ofborrowingsand leasesFinancing ActivitiesPayment ofdividendsOtherStrong liquidity position179.9Closing cashbalance 149m loan facility and 20m overdraft facilityremain undrawn and are in place to covercontingencies. Drawn facilities fall due in Apr-21 ( 70m) andDec-21 ( 170m).Other23

Current tradingCOVID-19 continues to create market uncertainty In January, national residential listings were flat, with an increase in Melbourne of12% and Sydney down 1%. Strong levels of buyer enquiry, underpinned by low interest rates and healthy bankliquidity. Developer revenues are expected to be supported by growth in newdevelopments in FY21, however the higher proportion of smaller projects is likelyto impact average yield. Commercial revenues are expected to remain challenged, with listings pressureanticipated to continue in the second half. Asia revenues are likely to be negatively impacted for the remainder of FY21 giventhe severe COVID-19 restrictions still in place in Malaysia. Targeting FY21 positive operating Jaws, excluding acquisitions. Based on the current market outlook, targeting operating costs for FY21 to bebroadly in line with FY20 (excluding impact of acquisitions). Elara earnings will be consolidated from 1st January 2021. The EPS impact isexpected to be marginally dilutive for FY21.24

1Supplementary Information25

Strong performance in volatile market conditions295.64%Group Revenue ( m)283.263.3(7%)H1 FY21H1 FY20Aus: Residential Depth & SubsH1 FY2168.4H1 FY20Aus: Commercial & Developer Depth & subs42.8(12%)H1 FY2148.8H1 FY20Aus: Media, Data & OtherRevenue category ( m)1AustraliaDepth revenueSubscription revenueMedia, Data & OtherFinancial ServicesAustralian revenueAsiaTotal revenue(1) Revenue is defined as revenue from property and online advertising and revenue from Financial Services less expenses from franchisee commissions.11.7(8%)12.617.0(38%)H1 FY21H1 FY20H1 FY21Aus: Financial ServicesH1 FY21H1 7.2H1 FY20Asia26

Historical Revenue & EBITDARevenue, EBITDA and Margin(core 0.220020%10%100-0%FY17FY18EBITDA after associatesFY19FY20RevenueH1 FY21EBITDA margin(1) Financial results/highlights from core operations exclude significant non-recurring items such as gain/loss on acquisitions and disposals and transaction costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes tointerpretation of tax law). In the prior comparative period, they excluded items such as restructure costs and gain/loss on acquisitions and disposals and transaction costs.27

Financial comparativesFinancialStatementsCore Operations1H1 FY17Group results mH1 FY18Growth mH1 FY19Growth mH1 FY20Growth mH1 FY21Growth mH1 FY21Growth mTotal 30.4Total operating 45.8)13%(145.8)(1.8)70%(4.0) (100%)(4.9)(22%)(4.9)-5.6 .2Operating expensesShare of losses of associates & joint venturesEBITDAEBITDA margin59%60%62%61%67%67%Depreciation & )(27%)(39.

ASX Announcement . 5 February 2021 . REA Group Investor & Analyst Presentation Half-Year Results 31 December 2020 . On behalf of REA Group Ltd (ASX:REA) please find attached a half-year results