Zillow Completes Acquisition Of HotPads

Buyfolio, Mortech and HotPads are trademarks of Zillow, Inc.

iPhone and iPad are registered trademarks of Apple, Inc. Android is a trademark of Google, Inc.               

Yahoo! is a registered trademark of Yahoo! Inc.                

The Zillow logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10012  

[i] Source: Google Analytics, October 2012  

[ii] Source: comScore Media Metrix Real Estate Category Ranking by Unique Visitors, June 2012, US Data.

(ZFIN)

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, the statements regarding the expected benefits of our acquisition of HotPads and our ability to monetize our rental marketplace. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "will," "projections," "business outlook," "estimate," or similar expressions constitute forward-looking statements. Differences in Zillow's actual results from those anticipated in these forward-looking statements may result from actions taken by Zillow as well as from risks and uncertainties beyond Zillow's control. Factors that may contribute to such differences include, but are not limited to, Zillow's ability to successfully integrate and realize the benefits of its acquisition of HotPads. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. For more information about potential factors that could affect Zillow's business and financial results, please review the "Risk Factors" described in Zillow's Quarterly Report on Form 10-Q for the three months ended June 30, 2012 and Zillow's Annual Report on Form 10-K for the year ended Dec. 31, 2011 filed with the Securities and Exchange Commission, or SEC, and in Zillow's other filings with the SEC. Except as may be required by law, Zillow does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.

CONTACT: Media Contact:
         Jill Simmons, Zillow
         206-757-2794 or [e-mail]

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