RP DATA ACQUIRES CITYSCOPE – LEADING COMMERCIAL PROPERTY INFORMATION PROVIDER IN AUSTRALIA AND NEW ZEALAND

RP Data Ltd Media Announcement - 07th May 2007

RP Data Ltd (ASX: RPX) has acquired privately owned commercial property data and information specialist Cityscope for $5.1 million, increasing the company’s position as the leading provider of information in the commercial and residential property sectors.

The acquisition will be of Cityscope’s assets and business and will provide to RP Data strategic access to the commercial property information market, as well as additional customers, commercial property data and intellectual property.

Graham Mirabito – RP Data's CEO stated "This acquisition is in line with our stated strategic direction to expand our activities across related real estate segments. Commercial property represents 15 per cent of real estate agents’ revenue and RP Data had not previously addressed this market."

“Cityscope is a leader in this segment and aligns geographically with our existing operations. It provides us with significant databases in commercial properties which we are able to leverage with our information services in residential units and apartments. This leverage provides plenty of scope for product and geographic expansion in the commercial and residential sectors”, he added.

Founded in 1973, Cityscope is a privately owned commercial property information service that covers the main metropolitan cities, including Sydney, Melbourne, Canberra, Perth, Brisbane, Gold Coast, Adelaide, Auckland and Wellington.

The company has been compiling CBD property information for more than 30 years, providing a valuable resource to property industry professionals with two products: a commercial property information service and the Lease Expiry Diary providing opportunity management solutions.

IBIS commercial property report estimates there are 137,000 commercial properties in Australia, of which around 100,000 are within major Australian cities. Cityscope has significant coverage of major cities with approximately 85,000 property records including 45,000 commercial properties recorded in its databases, including lease information in key locations.

In addition Cityscope has information on approximately 36,000 inner city residential units in Sydney and Melbourne. The data compiled by Cityscope is a combination of public record data, listing data and proprietary data collected from field visits and client interviews.

Cityscope has an estimated market penetration of 70 per cent with around 500 customers nationally including real estate agents, banks and property developers. There is little overlap with RP Data’s product base so no or minimal customer and revenue leakage is expected.

The core commercial property data and service and the information on residential units are expected to enhance RP Data’s Property Information, Automated Valuation Models, and Property Price Indices.

Financials:

The total consideration for the acquisitions is $5.1 million in cash.

Cityscope is expected to generate over $2 million in revenue over the next 12 months.

Some cost reductions are expected with the integration into RP Data’s existing operations.

RP Data will recognise 1.5 months of the acquisition in its 2007 financial year accounts, less charges for amortisation of any identifiable intangible assets. The acquisition is expected to be Earnings Per Share accretive within 12 months on a cash earnings and reported net profit after tax basis.

Acquisition Funding:
The acquisition will be funded out of existing cash reserves and banking facilities.

For details, contact Graham Mirabito, Chief Executive Officer on +61 438 600 091 or graham.mirabito@rpdata.com.

About RP Data:
Established in 1991, ASX-listed RP Data (ASX: RPX) is the largest supplier of property information services throughout Australia and New Zealand. Subscription clients to RP Data’s property information service include over 8,500 real estate agents, valuers, property developers, financial institutions and government departments. RP Data’s Consumer site is the leading property reports site and delivers over 600,000 property reports per year to its consumer customers. In addition to RP Data’s property information services, the company provides in-house management software to over 1,100 real estate agencies. RP Data’s databases cover 97% of all properties in Australia and include more than 65 million data records made up of over: 12.0 million property ownership records; 11.0 million property attribute records; 3.6 million property features records; 15.8 million property sales records;12.0 million property maps; 16.8 million property photos; and 9.0 million "on the market" property listing records. For more information visit www.rpdata.com.