• CoStar improves proposal to $4.43 per Domain share
• Opportunity to provide up to $0.04 per share in additional value via franking credits
• Domain Board unanimously determined to engage with CoStar and facilitate due diligence

Domain Holdings Australia Limited [ASX:DHG] ('Domain' or 'Company') today has received an improved, non-binding indicative proposal ('Improved Proposal') from CoStar Group, Inc. ('CoStar') to acquire 100% of the issued capital of Domain by way of scheme of arrangement for a cash consideration of $4.43 per Domain share ('Transaction'). The Improved Proposal follows an earlier proposal from CoStar on 21 February 2025 to acquire all of the shares in Domain for a cash consideration of $4.20 per share ('Original Proposal'). The Improved Proposal represents a 42.0% premium to the closing share price of Domain on 20 February 2025, being the last trading day before announcement of CoStar's original proposal, and a 5.5% uplift on the Original Proposal. Subject to any additional value that may be realised from franking credits attaching to any dividend, the Improved Proposal price of $4.43 per Domain share has been described by CoStar as representing the best and final price it is willing to offer under the Transaction, in the absence of a competing proposal. The Improved Proposal is subject to the same conditions as the Original Proposal but is also conditional on Domain confirming to CoStar that its directors intend to unanimously recommend the Transaction and to vote or procure that any ordinary shares in Domain in which they have an interest are voted in favour of the resolutions to implement the Transaction, in the absence of a superior proposal and, subject only to entry into a binding implementation agreement on acceptable terms and an independent expert concluding, and continuing to conclude, that the Transaction is in the best interests of Domain shareholders. Domain currently considers that it may be able to pay a pre-completion special dividend that would have the effect of delivering eligible Domain shareholders, subject to their individual tax position, up to $0.04 per share of additional value by way of franking credits.