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Year in reviewChairman’s message“ I am continually impressed by the organisation’sability to successfully navigate operationalintensity and remain focused on progressingour long-term strategic imperatives.”REA delivered an outstanding result forthe 2021 financial year, despite ongoingdisruptions and volatility caused byCOVID-19. I am continually impressed bythe organisation’s ability to successfullynavigate operational intensity and remainfocused on progressing our long-termstrategic imperatives.Financial highlights from coreoperations8 for the full year includedrevenue9 of 928 million, an increase of13% and EBITDA including associatesof 565 million, an increase of 19%. REAalso maintained its strong core EBITDAmargin at 60%.The Board has declared a final dividendof 72 cents per share fully franked. Thisrepresents a total dividend of 131 centsper share for FY21, a 19% increase on theprior year. While Australia’s real estatemarket was impacted by the pandemicand surrounding economic uncertainty,REA Group’s share price traded at recordhighs given the strong performancedelivered in FY21.8The Group’s strong financial resultswere testament to the dedication ofREA’s talented workforce. Under ourCEO Owen Wilson’s leadership, theteam displayed an unwavering resolveto adapt at speed to introduce newcustomer and consumer innovationsand various support measures to helpagents and agencies. This operationalexcellence was complemented by thesuccessful completion of a number ofstrategically significant transactions,which will deliver long-term sustainablegrowth opportunities.Building on the strong foundation ofour financial services business, REAacquired Mortgage Choice Limited.Bringing Mortgage Choice togetherwith our Smartline broker businessaccelerates our financial servicesstrategy and gives REA the opportunityto become the leading mortgagebroking business in Australia.REA moved to a controlling positionin Elara Technologies Pte. Ltd.(“Elara”), which operates the Indianproperty websites Housing.com,Makaan.com and PropTiger.com.India is one of the world’s fastest growingtrillion dollar economies, experiencingrapid digitisation. This transactionpresents a significant opportunity toleverage the combined talent and digitalexpertise across both REA and Elaraand become the undisputed numberone digital real estate business in India.Against the backdrop of a market heavilyimpacted by COVID-19, Elara deliveredan impressive 23% YoY local currencyrevenue growth in FY21.In Asia, REA announced the transferof its Malaysia and Thailandoperations to PropertyGuru Pte.Ltd. (“PropertyGuru”), a leadingdigital proptech company operatingmarketplaces in Singapore, Vietnam,Malaysia, Thailand and Indonesia. Thiswas in exchange for REA receivingan 18%10 interest in PropertyGuru,which will provide the Group with astrategic shareholding in a larger, morediversified company. This transactionpresents a unique opportunity tocreate the most compelling digitalproptech group in Southeast Asia.Financial results from core operations are defined as reported results adjusted for significant non-recurring items such as restructure costs, gain/loss on acquisitionsand disposals, related transaction costs, integration costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes tointerpretation of tax law). In the prior year, this included items such as restructure costs, revaluation of contingent consideration, gain/loss on acquisitions, disposalsand divestments, and impairment charges.9 Revenue is defined as revenue from property and online advertising, and revenue from Financial Services less expenses from franchisee commissions.10 Undiluted, 16.6% on a fully diluted basis if all warrants and ESOPs are exercised.8REA Group Ltd Annual Report 2021

Year in reviewSustainabilityThe Board is committed to the continualimprovement of REA’s Environmental,Social and Governance (ESG) measures.This year we were delighted to becomea carbon neutral organisation aftercompleting the Australian Government’sOn behalf of the Board, I would like toexpress my sincere thanks to Owen,his leadership team and all of REA’semployees for their incredibly hardwork to finish the year so strongly. Wewill continue to invest in creating a nextgeneration organisation underpinnedby an exceptional culture – acceleratingour efforts to bolster our organisationalagility, leadership and capabilities.I would also like to thank my fellow Boardmembers for their collective effortsto support our continual success. InNovember 2020, Roger Amos retired asa Director of the Company. I would likeREA has strong foundations, a clearpurpose and an exciting growth strategy,all of which point to a rewarding andprosperous future. We thank all ourvalued stakeholders for your ongoingsupport and look forward to a verysuccessful 2022 fiscal year.Remuneration ReportOur investment in North America’sMove, Inc., the operator of realtor.com ,delivered a strong performance withreported revenue increasing by animpressive 36% in FY21 to US 641 million.Positive progress was made in furtherincreasing REA’s workforce diversityduring FY21. Five out of nine membersof the executive leadership team arefemale, while there is equal genderrepresentation within our employeegroup across our Australian business.to acknowledge Roger’s tremendousefforts since joining the REA GroupBoard in 2006, serving as Chairmanof the Audit, Risk & ComplianceCommittee and as a member of theHuman Resources Committee. Wewere delighted to have Jennifer Lambertjoin the board in December followingRoger’s retirement. Jennifer’s extensivebusiness and leadership experienceacross property and finance furthercomplements and strengthens theBoard and its diversity.Directors’ ReportREA’s Asia business performance wasnegatively impacted by COVID-19.Significant extended lockdowns and thecancellation of events across all marketscontributed to revenues declining by16%.11 EBITDA before associates and jointventures was 10 million.12 Our primaryfocus remained on supporting ourpeople and ensuring their health andsafety during the prolonged lockdownsexperienced across the region.Climate Active certification process.The Group also improved its MSCIESG rating from BBB to an A.Our LeadersWe look forward to supportingPropertyGuru with its ambitious plansfor the digitisation of the propertyindustry in this dynamic region.Hamish McLennanChairmanREA GroupAnnual Report 2021 REA Group LtdFinancial Statements11 Prior year number includes contribution from Singapore and Indonesia.12 Financial results from core operations are defined as reported results adjusted for significant non-recurring items such as restructure costs, gain/loss on acquisitionsand disposals, related transaction costs, integration costs and historic tax provision (historic indirect tax provision reflects potential retrospective changes tointerpretation of tax law). In the prior year, this included items such as restructure costs, revaluation of contingent consideration, gain/loss on acquisitions, disposalsand divestments, and impairment charges.9

Year in reviewCEO’s message“ Through a year that saw extraordinarydisruption, the business acceleratedits growth ambitions and deliveredexceptional financial results.”The 2021 financial year has been adefining period for REA Group. Througha year that saw extraordinary disruption,the business accelerated its growthambitions and delivered exceptionalfinancial results. I am extremely proudof our team’s ability to respond to thechanging needs of our customers andconsumers, while delivering a numberof significant strategic milestones andpivotal investments.In Australia, realestate.com.au deliveredrecord audience numbers and extendedits leadership position as Australia’snumber one place for property. Anaverage of 121.9 million visits werereceived each month, up 35% YoY13 and3.3 times more visits than the nearestcompetitor.14 When compared to otherleading digital brands, realestate.com.auis now Australia’s eighth largest in termsof audience,15 reaching over 60% of theadult population.16 This shows that ourbrand has become part of the everydaylives of so many Australians.131415161710A key part of our strategy is to leverageour unique data to provide rich content,news and insights to both customers andconsumers. Access to Australia’s mostcomprehensive property data providesREA with the ability to deliver highlypersonalised experiences. An exampleof this was the launch of our PropertyOwner Dashboard, which providestailored information to help ownersmonitor their market and make confidentproperty choices. It is also serving asa powerful way for buyers, sellers andrenters to connect with agents andagencies.New products, features and supportmeasures were launched to help ourcustomers overcome the challengesassociated with prolonged lockdowns.This included the launch of Connect, oursuite of digital Agency services whichprovides our customers with productsacross every stage of the prospectingjourney to help attract, nurture andconvert prospective vendors. Our deepcollaboration with our customers sawREA receive our highest ever customersentiment rating, something we areextremely proud of.Building next generation marketplacesis central to our growth strategy and ourfinancial services business is integralto this. We were delighted to completethe acquisition of Mortgage ChoiceLimited and announce our 34% strategicinvestment in Simpology Pty Limited(“Simpology”), a leading provider ofmortgage application and e-lodgementsolutions for the broking and lendingindustries. We see considerable longterm growth opportunities acrossour multichannel financial servicesproposition, leveraging our larger brokernetwork, REA’s digital expertise, ourhigh-intent property seeker and owneraudience and our unique data andinsights.In India, REA increased its shareholdingfrom 13.5% to 60.7%17 in Elara. India is anincredibly attractive market and one thatprovides excellent long-term growthopportunities, while complementingREA’s global footprint in Asia and NorthAmerica. Elara achieved a number ofkey milestones during the year, despitethe significant impacts of COVID-19.Nielsen Digital Media Ratings (Monthly Tagged), Jul 20 - Jun 21 vs. Jul 19 - Jun 20 (average), P2 , Digital (C/M), text, realestate.com.au, Total Sessions.Nielsen Digital Media Ratings (Monthly Tagged), Jul 20 - Jun 21 (average), P2 , Digital (C/M), text, realestate.com.au vs. Domain, Total Sessions.Nielsen Digital Media Ratings (Monthly Total), Jun 21, P2 , Digital (C/M) Text, All Categories, Unique Audience.Nielsen Digital Content Ratings (Monthly Tagged), Jun 21, P18 , Digital (C/M), text, realestate.com.au, Active Reach %.The Group held a 59.65% shareholding on acquisition and subsequently increased its holding to 60.65% as at 30 Jun 21. Shareholding increased to 65.49% in Jul 21.REA Group Ltd Annual Report 2021

Year in reviewSustainabilityOwen WilsonChief Executive OfficerREA GroupRemuneration ReportOur FY21 results were made possibleonly due to the truly outstandingway our people have responded tothe unique challenges encounteredDuring the year REA strengthened itsExecutive Leadership Team, welcomingTamara Kayser as General Counsel &Company Secretary and Chris Venter asChief Technology Officer. I would like toacknowledge my Executive LeadershipTeam for their invaluable support andexpertise. They are true professionals.REA’s current momentum, coupled withour strategic investments and excitingproduct roadmap, provides an excellentplatform for ongoing growth, as wecontinue to change the way the worldexperiences property. We have emergedfrom 2021 a stronger business, and REA’sfuture is very exciting.Directors’ ReportBuilding on the success of ouroperations in Malaysia and Thailand,REA announced the transaction tocombine our iProperty.com.my andThinkofLiving.com businesses withPropertyGuru. As the digitisation of theproperty market continues to accelerateacross Southeast Asia, PropertyGuruis perfectly placed to build on itsleadership position and capture futuregrowth opportunities. As PropertyGuru’slargest strategic investor, we lookforward to being part of this journey andI am personally looking forward to joiningthe PropertyGuru Board later this year.throughout 2021. Our people andculture give REA a competitive edgeand we were thrilled to be recognisedas Australia’s fourth best workplace byGreat Place to Work in 2021. In a worldwhere the competition for talent is asfierce as it’s ever been, the retentionof our highly talented employees andattraction of new staff is paramount toensure we are well placed to deliveron our ambitious growth agenda.Our LeadersOur flagship site, Housing.com, madeexcellent inroads in the battle for marketleadership. Site visits increased 92%YoY18 and app usage was up a staggering242% YoY.19 REA’s journey in India is stillin its infancy, however the progress thisyear points to an exciting future.Finally, I would like to thank ourpeople once again for their enormouscontribution while often working underchallenging conditions. Our people arewhat makes this company truly great.I would also like to thank REA’s Boardof Directors for their ongoing counsel.Financial Statements18 Similarweb, average site visits Jul 20 – Jun 21 vs. Jul 19 – Jun 20.19 Internal data, Jun 21 vs. Jun 20.Annual Report 2021 REA Group Ltd11

Year in reviewOur people and cultureTHE HEART OF OUR BUSINESSOur people are at the heart of everything we doat REA. Our strategy and our purpose guide us,while our people, values and culture drive us.84%employeeengagementA great place to workREA prides itself on its workplace cultureand in June 2021 the organisation wasofficially certified as a Great Place toWork. Following this, the Great Placeto Work Best Workplaces List wasannounced in August 2021, with REAranking fourth for companies of morethan 1,000 employees. This placed theGroup as the highest ranked ASX listedbusiness within our category. GreatPlace to Work is known as the globalauthority on workplace culture and hasbeen recognising the best places towork in Australia for the past 14 years.12REA Group Ltd Annual Report 2021The certification and recognition areparticularly meaningful as they’re notonly an outcome of an in-depth reviewof our workplace policies and practices,but also the direct result of our people’sassessment of their experience at REA.REA is focused on retaining andattracting the brightest and best talent,and recognition such as our Great Placeto Work ranking significantly supportsthis focus. We’re proud of our diverseand inclusive workplace and invest inprograms and initiatives such as ourWomen in Tech program. This initiativecontinues to move the dial on improvingthe gender ratio in technologybased roles, growing from 20.4%female representation when it was firstestablished, to 32% as of June 2021. REAalso offers generous non-gender specificprimary and secondary carer parentalleave benefits and ensures there is a50:50 gender balance in candidate offersfor our award-winning graduate program.Our people are proud to work at REA,with 88% of our engagement surveyparticipants responding favourably tothis question when posed in our annualsurvey in October 2020. Overall employeeengagement increased 6% to 84%.REA’s strategy and purpose are clearlycommunicated, with 92% of our peopleanswering favourably to ‘I know how mywork contributes to the goals of REA’.

Year in reviewFuture of work at REAInvestment in our leadersWe have taken a dedicated approachto supporting leaders in how to leadtheir teams in a hybrid workplace. REApartnered with our EAP provider to runleadership sessions on how peoplemanage change. People leaders werealso equipped with a practical toolkit toassist with the co-creation of a Ways ofWorking agreement with their team tohelp ensure balance between the team’sand the individuals’ needs in the hybridenvironment.Focus on careerdevelopmentREA believes great careers are builtfrom passion and personal commitment.Throughout FY21 we have continuedto work to understand our people’smotivations and ambitions, to helpidentify tangible opportunities. Thiswork not only provides an environmentin which our people thrive, but it alsooptimises our people’s capability,helping to meet the needs of ourcurrent and future business.A strong focus was placed onengaging in rich career conversations,which aid our understanding of whatbrings people joy at work, along withidentifying development focus areasfor each employee. In addition to careerconversations, talent and successionconversations were a key focus inFY21 and were designed as a keydevelopment tool. These conversationsprovided leaders with the opportunityto share insights with each other aboutgrowth, learning, mindset, and impact.Annual Report 2021 REA Group LtdFinancial StatementsPeople Leader Town Halls throughoutthe year offered leaders the opportunityto share challenges leading a team ina hybrid environment, and many alsoshared learnings and approaches onhow to lead successfully. These sessionshave been met with overwhelminglypositive feedback, with our peoplelearning from their peers in the broaderleadership community.Katerina MartianovaSenior Product ManagerRemuneration ReportThroughout FY21 the Group spent asignificant amount of time investingin its leaders. Mental health trainingspecifically for leaders was adoptedto help them best support their teams.The Group revised its personal leavepolicy so that employees could use itfor a variety of reasons including homeschooling, care, mental health breaksand accessing essential servicesduring the height of COVID lockdowns.People leaders were provided guidanceon how to have quality mental healthfocused conversations and how tobest connect employees with supportresources such as REA’s employeeassistance program (EAP). We alsoupskilled a portion of our People andCulture function with mental health firstaid accreditation.Georgia FraserSenior Human Resources Manager –Strategic ProjectsIt is amazing to work for a companythat invests in the growth of itspeople. The leadership programI took part in this year gave meconfidence and a safe spaceto explore and put into practicedifferent leadership frameworks,and to make them my own. A fewmonths later, I was delighted to bepromoted and I now lead a team ofproduct managers.Directors’ ReportAs we would with any REA experience,product or feature, we continue to test,learn, and adapt our hybrid workplacemodel. Results from a company-widehybrid working progress survey inMay 2021 showed 91% of our peopleenjoy hybrid work and 90% feel REAhas created an effective hybrid way ofworking. In addition, 90% of our leadersfeel their team’s performance andengagement is as good as, or betterthan, ever in the hybrid environment.It would have been easy to roll out ahybrid working approach that simplytold our people when they neededto come into the office. Instead, weempowered our people and teamsto make decisions that are right forthem, while always considering theneeds of the business. Our aim isto get the best of both virtual andoffice worlds, and our recent surveyresul

Auditor's Independence Declaration 43 Remuneration Report 44 . Historical Results 131 Shareholder Information 132 Corporate Directory 134 Page 7 Page 22 Page 24 2021 Highlights Global footprint Supporting a sustainable future. 1 Year in review . Climate Active program Year in review Directors' Report Financial Statements Remuneration Report