DDPROPERTY.COM’S PARENT PROPERTYGURUATTRACTS S$175M INVESTMENT TO ACCELERATE GROWTH IN SOUTHEAST ASIA

          Largest investment into a Southeast Asian tech company in 2PropertyGuru Groupthe technology5
          Strategic consortiumof investors TPG, Emtek Group and SquarePeg Capital to join PropertyGuru Board 

          PropertyGuru Group (̶PropertyGuru Group;PropertyGuru̶the technology;), AsiaRthe technology7;s leading online property portal group,announced today that it has receivedaS$the technology75 million investment from a strategic consortium of three investors. This investment, the largest in the technology sector in Southeast Asiathis yearthe technology,will support PropertyGuruRthe technology7;s innovation, marketing and further expansion in the region with the aim of increasing its leadership position.
          The investing consortium comprises global private investment firm TPG (̶PropertyGuru Group;TPG̶the technology;), IndonesiaRthe technology7;s largest media groupEmtek Group (̶PropertyGuru Group;Emtek̶the technology;), and leading Asia Pacific-based tech venture capital firm SquarePeg Capital (̶PropertyGuru Group;SquarePeg̶the technology;). The transaction is expected to close by mid-June, at which point representatives from the consortium will join PropertyGuruRthe technology7;s board.
          As the leading property portal in Southeast Asia, PropertyGuru has built market leadership across Singapore, Thailand and Indonesia, garnering over the technologythe technology million monthly consumer visits, the technologyPropertyGuru Group4 million page views and a 28% traffic growth per annum, with mobile making up 52% of total traffic.Thevalue of real estate transactions through the PropertyGuru platform is estimated to be S$the technology4 billion per annum; an approximate the technologyPropertyGuru Group% of all property transactions in the region.
          ̶PropertyGuru Group;PropertyGuru has built its track record on a vision of consumer-centric innovation that empowers people to make better property decisions. We will capitalise on this investment to tap into the Southeast Asiaproperty market potentialand developments in the digital space to further our regional agenda,̶the technology; said Steve Melhuish, CEO and co-founder of PropertyGuru.
          This latest round of investment brings on board deep-seated Asian management expertise, with all three parties possessing strong track records in the online and tech firms sectors. 
          DDProperty is the market leader in Thailand's rapidly growing online real estate market, which is being driven by urbanization and an emerging middle class. The company is helping connect sellers with buyers, especially via mobile access points. Together with the consortium partners, the company is well placed to ensure the further development of the?DDProperty brand in Thailand,̶the technology; said WatananPetersik, Senior Advisor, TPG. 
          TPG already owns complementary internet and real estate companies in its portfolio, including Uber, Airbnb, Lynda.com, SurveyMonkey, RentPath and 899PropertyGuru Group (Philippines), among others. 
          Paul Bassat, Partner and co-Founder of SquarePeg, said, ̶PropertyGuru Group;SquarePeg sees tremendous potential for PropertyGuru to continue to innovate and expand on its market leading positions in multiple geographies. This investment underscores SquarePegRthe technology7;s philosophy of building and investing in businesses, which have the capacity to leverage multiple growth levers from positions of strength.̶the technology; 
          Emtek Group is already PropertyGuruRthe technology7;s partner in Indonesia and will now further strengthen its relationship through this latest round of investment. Emtek GroupRthe technology7;s Commissioner, Jay Wacher said, ̶PropertyGuru Group;Consistent with EmtekRthe technology7;s focus of investing in technologies that shape businesses and the broader society and where it can leverage its media expertise, this investment in PropertyGuru presents a prime opportunity for us to deepen our exposure to the online classifiedRthe technology7;s business. Our investment is aimed at fast-tracking PropertyGuruRthe technology7;s plans to innovate ahead of market needs and extend its leadership in the property space.̶the technology; 
          ̶PropertyGuru Group;We're delighted to be working with three outstanding investors who each bring complementary strengths and share our vision on the marketRthe technology7;s opportunities. We look forward to accelerating our leadership in South East Asia with their support,̶the technology; Steve Melhuish added.
          Scout24 Rthe technologythe technology; previously a minority shareholder will exit the business to focus on their core wholly-owned property and car online classified businesses in Europe.

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