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E-House Enters Into Definitive Agreement To Acquire All Outstanding Shares Of CRIC

The Transaction, which is currently expected to close around the middle of 2012, is subject to the approval of the Merger Agreement and the Transaction by an affirmative vote of shareholders (i) representing two-thirds or more of the ordinary shares present and voting in person or by proxy at a meeting of CRIC's shareholders which will be convened to consider the approval of the Merger Agreement and the Transaction, and (ii) holding a majority of the outstanding shares of CRIC other than the Excluded CRIC Shares, as well as certain other customary closing conditions. E-House has advised CRIC's board of directors that it intends to vote in favor of the approval of the Merger Agreement and the Transaction. There can be no assurance that the Transaction will be completed by or around the middle of 2012 or at all. If completed, the Transaction will result in CRIC becoming a privately-held and wholly-owned subsidiary of E-House and CRIC ADSs will no longer be listed on the NASDAQ Global Select Market.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal advisor to E-House and Conyers Dill & Pearman is serving as Cayman Islands legal advisor to E-House.

About E-House

E-House ( China) Holdings Limited ("E-House") (NYSE: EJ) is China's leading real estate services company with a nationwide network covering more than 170 cities. E-House offers a wide range of services to the real estate industry, including primary sales agency, secondary brokerage, information and consulting, online, advertising, promotional events and investment management services. The real estate information and consulting, online, advertising and promotional events services are offered through E-House's majority owned subsidiary, China Real Estate Information Corporation (NASDAQ: CRIC). E-House has received numerous awards for its innovative and high-quality services, including " China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies and "China Enterprises with the Best Potential" from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

Safe Harbor: Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "intend," "confident," "is currently reviewing," "it is possible," "subject to" and similar statements. E-House may also make forward-looking statements in its reports filed or furnished with the U.S. Securities and Exchange Commission, including on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about E-House's beliefs and expectations, are forward-looking statements and are subject to change. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any of the forward-looking statements in this press release. These factors include the risk factors detailed in E-House's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and E-House does not undertake any obligation to update any such information, except as required under applicable law.

Stock quotes in this article: CRIC, EJ 

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