REA GROUP LTD — Director's Dealing 2011

Nov 9, 2011

10 November 2011

Ms Kim-Ly Nguyen Principal Advisor, Listings (Sydney) Australian Securities Exchange

Dear Kim-Ly,

REA Group Limited: Appendix 3Y

Please find attached an Appendix 3Y for Mr Greg Ellis in relation to the granting and vesting of performance rights and the allocation of ordinary shares since 30 June 2011. We note the notice was not lodged within the requisite time frame due to administrative oversight by REA staff. The notice was prepared and lodged as soon as practicable once the Company Secretary became aware of the oversight.

REA Group has a range of processes in place to ensure compliance with listing rule 3.19A, including monitoring by REA staff, the registry and liaison with directors. Since we became aware of the oversight we have reviewed our processes and are currently implementing improvements. REA will continue to monitor and further improve these processes to ensure compliance in this area in future.

Yours sincerely

Ms Rebecca Liatis Company Secretary

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: REA GROUP LIMITED
ABN: 54 068 349 066

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	GREGORY THOMAS ELLIS
Date of last notice	24 September 2008

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	$(1)$ 18 August 2011$(z)$ 30 August 2011$(3)$ 14 October 2011(4) 14 October 2011
No. of securities held prior to change	107,447 PerformanceRights(granted)under the REAGroupLimitedPerformance Rights Plan, on termsdisclosed in the Company's remunerationreports)NIL Ordinary Shares
Class	Ordinary shares & Performance Rights
Number acquired	$(1)$ 5,654 Performance Rights$(2)$ 51,109 Ordinary Shares$(3)$ 727 Ordinary Shares(4) 28,802 Performance Rights

+ See chapter 19 for defined terms.

Number disposed	51,109 Performance Rights
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$(i)$ Nil$(a)$ Nil$(3)$ $11.24$(4)$ Nil
No. of securities held after change	51,836 Ordinary Shares90,794 Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	(1) Allocation of additional PerformanceRights granted (which are treated asimmediately vested) under the REA GroupLtd Performance Rights Plan(2) Allocation of shares acquired onmarket following vesting of 51,109performance rights granted under theREA Group Limited Performance RightsPlan(3) Issue of shares under the REA GroupLimited Dividend Reinvestment Plan(4) Allocation of Performance Rightsgranted under the REA Group LimitedPerformance Rights Plan (subject to 3year performance period & additionalvesting conditions)

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder(if issued securities)
Date of change	YZ.
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed $(1)$ No
above traded during a + closed period where prior written $ (2)$ No
clearance was required?	$(3)$ No
	$(4)$ No
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.