DAILY MAIL & GENERAL TRUST PLC - Zoopla Property Group IPO Price Range

PR Newswire

                                                                    5 June 2014

                   Daily Mail and General Trust plc (`DMGT')

                     Zoopla Property Group IPO Price Range

On 22 May 2014, Zoopla Property Group (Zoopla) announced its intention to make
an initial public offering (IPO) on the London Stock Exchange.  DMGT intends to
participate in the IPO and reduce its stake in Zoopla. DMGT currently holds a
52.6% stake in Zoopla.

On 5 June 2014 Zoopla announced the price range for its planned IPO. The price
range is set at 200 pence to 250 pence per share. The mid-point of the price
range implies a market capitalisation for Zoopla of approximately £940 million.
The base deal offer size is in the region of 111 million to 179 million shares,
representing between 27% and 43% of Zoopla's existing issued share capital. The
Offer comprises the sale of existing shares only.

Final pricing is currently expected to be announced on or around 19 June 2014,
with conditional dealings in the shares on the London Stock Exchange beginning
the same day. Admission and unconditional dealings in the shares are expected
to commence on or around 24 June 2014.


For further information

For analyst and institutional enquiries:

Stephen Daintith, Finance Director                             +44 20 3615 2902
Adam Webster, Head of Management Information
and Investor Relations                                         +44 20 3615 2903

For media enquiries:

Kim Fletcher / Charlie Potter, Brunswick Group                 +44 20 7404 5959


About DMGT

DMGT is an international business built on entrepreneurship and innovation. We
bring together leading companies and talented people to provide businesses and
consumers with high-quality analysis & insight, information, news and
entertainment.

Group revenues are split across our five operating businesses.

The B2B businesses are:

• Risk Management Solutions

• dmg information

• dmg events

• Euromoney Institutional Investor

The Consumer business, known as dmg media, comprises:

• The Daily Mail and The Mail On Sunday

• MailOnline

• Metro

• Wowcher

• Zoopla Property Group (Zoopla & Prime Location)

DMGT's ambition is to provide the highest quality content and services, across
the most attractive growth markets in innovative, responsible and sustainable
ways, building on its track record of earnings and dividend growth.

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