Bankrate Discloses Reception Of Notice From NYSE For Noncompliance

Bankrate, Inc.

today announced that, as previously disclosed by the Company in its Form 12b-25 filed with the Securities and Exchange Commission on March 3, 2015, the Company is unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2014 pending completion of the previously announced internal review of the Company's financial statements for each of fiscal years 2011, 2012 and 2013. The Company also announced that it has received a notice from the New York Stock Exchange (NYSE) that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The Exchange has informed the Company that, under the NYSE rules, the Company will have six months, from March 17, 2015 to file its Annual Report on Form 10-K with the SEC. The Company can regain compliance with the NYSE listing standards prior to such date by filing the Annual Report on Form 10-K with the Securities and Exchange Commission. If the Company fails to file the Annual Report on Form 10-K prior to such date, then the NYSE may grant, at its discretion, a further extension of up to six additional months, depending on the specific circumstances. The letter from the NYSE also notes that the NYSE may commence delisting proceedings at any time if the circumstances warrant. The Company is working to complete its internal review and to file its Annual Report on Form 10-K as soon as possible.