CAR GROUP LIMITED — Board/Management Information 2019

Dec 1, 2019

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ASX RELEASE 2 DECEMBER 2019

ORGANISATIONAL STRUCTURE CHANGES

Today carsales.com Limited (carsales) announces key organisational structure changes to recognise the increasingly global mindset of the business.

As part of the changes, Ajay Bhatia will take on the newly created role of Managing Director – Australia which will encompass all of carsales’ Australian operations including Consumer, Dealer, Media and OEM. Ajay has been with the business for over 11 years, with 8 years as the Chief Information and Product Officer, and the last 3 years as the Managing Director of the Consumer business.

Cameron McIntyre, CEO and Managing Director commented “I’m delighted to see Ajay receive this opportunity to continue to step up and build on his outstanding capability. Ajay has been a significant part of the carsales growth story and this new role is a natural evolution in his journey. I’m very confident Ajay has the experience, dedication and capability to oversee the ongoing development and growth of our Australian business.”

In addition, there will be a newly created executive leadership role for a Chief Product and Information Officer, which will head up the Group’s Product, Technology, Data and Program functions. This is a transformative role for the business and the company will conduct a global search to find the best talent for the position.

“As the company continues to build its domestic and international capability it has become increasingly important that we have strong alignment between product and technology. This new role brings these core parts of the company together while recognising and elevating the fundamental role data plays in the company’s success and future growth.” said Cameron McIntyre.

As part of the organisational changes, Simon Ryan, Managing Director – Commercial will step down from his position and leave the company in December 2019. Cameron McIntyre commented “We thank Simon for the great contribution he’s made to our media business since joining earlier this year and wish him well with his future endeavours.”

Simon Ryan commented: “Wanted to thank Cameron for the great opportunity, I enjoyed the challenge and my time in the business and I wish Cameron and the business all the very best for the future.”

ENDS

Release authorised by: For further enquiries please contact: Cameron McIntyre Cameron McIntyre Managing Director and CEO Managing Director and CEO cameron.mcintyre@carsales.com.au cameron.mcintyre@carsales.com.au (03) 9093 8667 (03) 9093 8667

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About carsales.com Ltd

carsales.com Ltd (ASX: CAR) is the largest online automotive, motorcycle and marine classifieds business in Australia. Attracting more Australians interested in buying or selling cars, motorcycles, trucks, caravans and boats than any other classified group of websites. Together with its subsidiaries employing more than 800 people in Australia, carsales.com Ltd. develops world leading technology and advertising solutions that drive its business around the world. The carsales.com Ltd network has operations across the Asia Pacific region and has interests in leading automotive classified businesses in Brazil, South Korea, Mexico, Chile, Argentina and Colombia. Find out more at www.carsales.com.au or @carsales

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