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Zillow, Inc.
Z, confirmed today that the pricing
conditions for automatic initial release of 25 percent of the securities
subject to the lock-up agreements entered between its pre-IPO security holders
and Citigroup Global Markets Inc., as representative of the underwriters of
its IPO, have been satisfied. Because Zillow issued its earnings release for
its third quarter of 2011 results on Nov. 2, 2011, the effective date of this
partial release will be deferred until Nov. 20, 2011. Thereafter, the shares
of common stock subject to the partial release will become available for
resale subject to applicable restrictions under the federal securities laws,
unless the effective date of the initial partial release is further deferred
in accordance with the terms of the lock-up agreements. Zillow does not intend
to issue another press release regarding the partial release.
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