TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are RIGHTMOVE PLC
attached:ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to X
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the TREMBLANT CAPITAL LP
notification obligation:iii
4. Full name of shareholder(s) MORGAN STANLEY
(if different from 3.):iv
CREDIT SUISSE
5. Date of the transaction and date on
which the threshold is crossed or 26 MAY 2010
reached: v
6. Date on which issuer notified: 28 MAY 2010
7. Threshold(s) that is/are crossed or
reached: vi, vii 7%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
Number Number Number Number of voting % of voting rights
if possible of of of rights x
using Shares Voting shares
the ISIN Rights
CODE Direct Direct xi Indirect xii Direct Indirect
ORDINARY
GB00B2987V85 5,817,743 5,817,743
5,817,743 5.06%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial date xiii Conversion Period xiv rights that may be rights
instrument acquired if the
instrument is
exercised/ converted.
N/A
N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi
Resulting situation after the triggering transaction
Type of Exercise price Expiration Exercise/ Number of voting rights % of voting
financial date xvii Conversion instrument refers to rights xix, xx
instrument period
xviii
Nominal Delta
CFD N/A N/A N/A Below 3%
Below
3%
Total (A+B+C)
Number of voting rights Percentage of voting rights
8,054,411 7.01%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
The shares of Rightmove Plc, and the financial instruments relating to such
shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP,
Tremblant Concentrated Master Fund LP, and Tremblant Concentrated Fund LP
(together, the "Tremblant Funds").
Tremblant Capital LP is the investment manager of the Tremblant Funds and has
been granted full discretion to exercise the voting rights relating to the
shares and financial instruments held by these funds under the related
investment management agreements.
Mr. Brett Barakett is the managing member of the general partner of Tremblant
Capital LP and therefore has an indirect interest in all of the voting rights
which are the subject of this notification.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information: The denominator used for this notification is 114,873,795
shares (as per the latest filing made on 27 May 2010)
14. Contact name: Liz Taylor
15. Contact telephone number: 0208 087 0700