CWD.L Regulatory News (CWD)

16 December 2013

Countrywide plc

Changes to segment reporting

Ahead of its preliminary results Countrywide announces changes to its segmental structure for 2013. These changes allow the senior management to increase their focus on the specific strategic issues presented by different markets.

In summary:

• Hamptons International has been combined with the London brands: John D Wood, Faron Sutaria, Sothebys International Realty, Alan de Maid and Hetheringtons, all previously reported within Estate Agency, to create a new segment called London and Premier led by Paul Creffield.

• Nine letting branches directly managed by John D Wood and previously reported within the Estate Agency division, have now been moved to the Lettings division.

• Estate Agency remains under the management of Bob Scarff and reflecting the importance of Land and New Homes, Countrywide Social Housing operation has moved from Surveying Services to Estate Agency.

As reported at the half year, the Group has restated revenue for Surveying Services, so that income from panel management contracts are reported net of panel management costs. The total income in each of the following slides has been restated to reflect this and therefore differ from previous annual reports.

We also confirm that the results of Lambert Smith Hampton will be reported as a separate segment within our results for 2013. This business takes the Group into a new sector and is presently being overseen by Grenville Turner.

Slides have been made available on www.countrywide.co.uk/investor-relations/results-and-presentations that illustrate the changes to the comparative financial data. Total Income and EBITDA before exceptionals have been restated for the half years 2013, 2012 and 2011 and full year 2012 and 2011. Key KPIs that have been restated for the half year 2013 and full years 2012 and 2011 are also shown. Restated full comparative numbers for the full year 2012 will be presented in Countrywide's Annual Report 2013.

Contacts:

1. Next Trading Update and Full-Year Results Announcement

A trading update for the year ended 31 December 2013 will be issued on Tuesday 14 January 2014. Preliminary results for the year ended 31 December 2013 will be issued Thursday 27 February 2014.

2. About Countrywide plc

Countrywide plc, the UK's largest integrated property services Group, including the largest estate agency and lettings network, operates more than 1,300 associated branches across the UK.

Countrywide plc's network of expertise helps more people move than any other business in the UK and is a leading provider of estate agency, lettings, mortgage services, land and new homes, auctions, surveying, conveyancing and corporate property management services.

Countrywide plc's award-winning service has earned the business 142 high-profile industry awards in the last five years, with customers voting Countrywide Best Large Chain - National category, at the 2013 ESTA awards. Other awards include our Land & New Homes team was named the UK's Best New Homes Agent at the Estate Agency of the Year Awards 2012 and Countrywide Surveying Services and Countrywide Conveyancing Services won the award for Best Anti-Fraud Measure at the Mortgage Finance Gazette Awards 2012.

3. Forward Looking Statements

This announcement has been prepared solely to provide additional information to the shareholders of Countrywide plc in order to meet the requirements of the FCA's Disclosure and Transparency Rules. It should not be relied on by any other party, or other purposes. Forward-looking statements have been made by the directors in good faith, using information available up until the date on which they approved this statement. Forward-looking statements should be regarded with caution, because of the inherent uncertainties in economic trends and business risks.