Scout24 AG successfully completes public repurchase offer at a buyback volume of EUR 794.2 million

• Successful transaction with 81.6% acceptance rate.
• Capital decrease by 11.4 million shares.
• Next pillar of capital return roadmap in preparation.

Munich / Berlin, 21 April 2021

Scout24 AG has successfully completed its public repurchase offer. During the acceptance period from 1 April 2021 to
16 April 2021, 11,400,875 shares with the corresponding number of tender rights were tendered to the Company at the offer price of EUR 69.66. This corresponds to a buyback volume of EUR 794.2 million and an acceptance rate of 81.6% of the total offer volume of up to EUR 974 million.

The payment of the offer price and the derecognition of the tendered shares from the respective securities accounts is scheduled as per value date 23 April 2021. The redemption of the repurchased shares will take place without undue delay.

"With the announced tender result we have successfully achieved the most important milestone of our capital return roadmap. We are very pleased with the acceptance rate of 81.6% in a highly flexible transaction structure. We believe that this was in the best interest of all our shareholders and appreciate their support and high level of confidence. We will now swiftly implement and communicate the next step in our capital return programme," says Dirk Schmelzer, CFO of Scout24 AG.

The capital return roadmap was set up in connection with the sale of AutoScout24 in March 2020. According to this, capital of up to EUR 1.69 billion is to be returned to shareholders. With the completion of the public repurchase offer, around EUR 1.28 billion of the plan have been fulfilled. The next measure is a share buyback via the stock exchange of up to EUR 200 million.

The Company will decide in due course on further measures regarding the remaining amount. Irrespective of this, it is planned to propose to the shareholders at the upcoming Annual General Meeting on 8 July 2021 an additional authorisation to buy back shares in the amount of up to 10% of the existing share capital.

About Scout24
Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together homeowners, real estate agents, tenants, and buyers - and we have been doing so for more than 20 years. With around 13.8 million users per month, ImmoScout24 is the market leader for digital real estate listing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX and the DAX50 ESG. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian residential and business real estate market.

Investor Relations contact
Ursula Querette
Head of Investor Relations
Tel.: +49 89 262 02 4939
E-Mail: ir@scout24.com

Media Relations contact
Jan Flaskamp
Vice President Communications & Marketing
Tel.: +49 30 24301 0721
E-Mail: mediarelations@scout24.com

Important Notice
This communication is not directed at or for transmission to, or use by, any person who is a national or resident of any state, country or other jurisdiction, or who is located in any jurisdiction where the transmission, publication, availability or use of this communication would be contrary to applicable law or would require any registration or license within such jurisdiction.

Persons located or resident in the United States or who are acting for the account or benefit of such persons were not eligible to participate in the offer mentioned in this announcement or to exercise the tender rights. Offer documents were not distributed or sent into the United States.

This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities of the Company in the United States of America, Germany or any other jurisdiction.

The information contained in this announcement is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results, including but not limited to the Company's financial position or profitability, to differ materially, also adversely, from those expressed or implied by the forward-looking statements. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this document (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this announcement.