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CAR GROUP LIMITED M&A Activity 2018

Jan 18, 2018

64605_rns_2018-01-18_0d6ef517-4361-4e1d-bbdd-91159ba99e76.pdf

M&A Activity

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Acquisition of SKEncar.com completed

19 January 2018

carsales.com Limited (ASX: CAR) announces that, further to its announcement made on 20 November 2017, the acquisition of the remaining 50.1% of South Korea’s SK ENCARSALES.COM Ltd (Encar.com) has been completed, giving carsales 100% control and ownership of South Korea’s number one online auto classifieds business.

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For further information and interviews, please contact:

Will Clarke Head of External Communications carsales.com Limited [email protected] +61468 971 536 / +61 3 9093 4505

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 600 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, Malaysia, Indonesia, Mexico, Chile, Argentina and Thailand. Find out more at www.carsales.com.au or @carsales