SeLoger.com : Third-Quarter Revenues up 15.5%

By Seloger.com, PRNE
Tuesday, November 2, 2010

PARIS, November 3, 2010 -

    Q1: +10%
    Q2: +12%
    Q3: +15%



    - EBITDA* Close to the Upper End of the Objectives Set for 2010

    - Stronger-Than-Anticipated Recovery in the Real Estate Resale Market

Consolidated sales for the first nine months of 2010 grew
12.6% to EUR60.9 m.

(all changes are in comparison with the same period in 2009,
unless stated otherwise).

                Revenues (EUR'000)               As of  As of      Change
                                                  30th   30th
                                                   of     of
                                                 Sept.  Sept.
                                                  2010   2009

    Classified ads                              47,380 41,938  5,442   +13.0%
    - Paris area                                21,716 20,005  1,712    +8.6%
    - Regions                                   25,664 21,934  3,730   +17.0%
    Online advertising and partnerships          2,893  2,650    243     9.2%
    Direct services to internet users            1,087  1,021     66    +6.4%
    Total classified ads and media              51,360 45,609  5,751   +12.6%

    Services: agency website design and listing  4,850  3,852    998   +25.9%

    Real estate software Pericles                4,650  4,566     84    +1.8%

    TOTAL revenues                              60,860 54,027  6,833   +12.6%

(Logo:
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"Since the low point of 12 months ago, the recovery in
property resale transactions has been more vigorous than anticipated. This
promising trend, associated with our good sales performances, allowed us to
accelerate our revenue growth further in the third quarter. At the end of
September, our national market penetration stood at 67%, as against 61% at
the end of 2009. In terms of profitability over the whole year, we anticipate
that we will be able to reach an EBITDA* from ordinary activities close to
the upper end of the objectives we announced at the start of the year" says
Roland Tripard, CEO of the SeLoger.com.

    - Ever-increasing traffic. Our internal (site-centric) statistical
    tools, which meet the most stringent market standards (Omniture
    and Google Analytics) show a considerable increase in traffic on the
    Group's sites, with a 56% rise in the number of visits. The performance
    levels measured by Mediametrie//Netratings over the same period
    (user-centric) show an increase in traffic limited to 2%. This difference
    seems to come from redress calculations of Mediametrie panel.
                                     Sept-10    Sept-09   Change
    Number of visits        million    19,4       12,5    + 56%
    Number of pages viewed  million   247,2      162,1    + 52%
    Time spent per unique   minute    18:20      23:48   -5:28
    user*
    Number of unique        million     3,2        3,1     + 2%
    visitors*

Source: Google Analytics and *: Mediametrie//NetRatings

    - 13.0% growth in classified ad sales during the first 9 months of 2010
    to EUR47.4 m. The positive effect of the subscription-based
    business model in the context of a steady upturn in activity for real
    estate professionals explains the acceleration of growth during the
    third quarter (+16.3% nationally and +19.6% outside Paris in comparison
    to Q3 2009).

During the quarter, the Group concluded a significant
framework agreement with France's number one estate agent network, Orpi: all
agencies belonging to this grouping are now SeLoger.com customers, giving us
289 additional points of sale. Thus, at the end of September 2010, the Group
had a total of 19,551 points of sale, up 11% since last year. The agreement
has also resulted in an additional 20,000 classified ads on the SeLoger.com
site, making the site more attractive for internet users.

All Orpi sales outlets are now billed via a single contract,
as opposed to the 582 contracts previously in operation. Thus, during Q3
2010, the number of customers invoiced fell by 557 nationally, and the
average basket has risen 8.2% in a year to EUR409.

Outside of this agreement, the number of customers billed rose
by 25 during the third quarter (as compared to a loss of 58 customers in Q3
2009), in line with the budget, due to seasonal variations, particularly
during the summer months.

                        Sept-10 June-10 March-10 Dec-09 Sept-09

                                      Paris area
    Number of customers   4,660   4,802    4,685  4,580   4,549
    ARPU in Euros           526     493      487    481     481

                                        Regions
    Number of customers   8,356   8,771    8,500  8,168   8,010
    ARPU in Euros           344     341      328    320     319

                                         TOTAL
    Number of customers  13,016  13,573   13,185 12,748  12,559
    ARPU in Euros           409     395      385    378     378

At the end of September 2010, market penetration stood at 67%
nationally, as against 61% at the end of 2009. It reached 84% in the Paris
area, as against 80% at the end of 2009 and 61% in the regions, compared with
55% at the end of 2009. These figures confirm the Group's growth potential in
the Paris area, although market penetration is already high, as well as in
the regions, where the market is reacting positively to the Group's offers.

    - A 9.2% increase in online advertising and partnerships:
    growth over the third quarter was limited to 3.2% due to an unfavourable
    comparable basis (there was a 37.7% increase in Q3 2009). The very good
    perception that advertisers have of the Group's sites means conditions
    are favourable for increased investment in the emerging mobile internet
    market, which it should be possible to monetise in 2011.

    - Growth of 25.9% in agency website design and listing: growth
    in revenues from this activity continues to accelerate (+30.1% in the
    third quarter). The creation of agency-specific sites meets customers'
    need to raise their local profile and mark themselves out in a recovering
    real estate market. The way in which our site design and listing services
    complement each other is proving to be very effective commercially.

    - Growth of 1.8% in Pericles real estate software: the
    resurgence in activity was confirmed with 4.5% growth in third quarter.
    Business is benefiting from two positive effects: the new features
    offered by the Pericles software are helping to attract new customers,
    while the number of agency closures is decreasing considerably.

Outlook for 2010

At the end of the third quarter, the Group is in a position to
refine the objectives already set for the year: revenues should end up
somewhere in the middle of the initial estimate of EUR81 m to EUR84 m, while
EBITDA* from ordinary activities should approach the upper end of the annual
objective of EUR42 m to EUR44 m.

Roland Tripard, CEO of SeLoger.com, concludes: "The results
expected for 2010, which are close to the upper end of the objectives we
announced to the market, are consistent with our strategic vision: continuing
development in the regions and in the Paris area, offering more value-added
services to increase the value of the average basket, making our sites more
attractive by offering internet users an unparalleled view of the real estate
market and increasing traffic on all of our portals.

These performances are the result of the hard work of the
Group's teams and I would like to thank all our staff for their valuable
contribution."

                               Coming event

    - 2010 Fourth quarter results:    25 January 2011 (after market closing)

* : EBITDA: Earnings before interest, tax, depreciation and
amortisation, post IFRS 2.

2010 consolidated sales by quarter

About Seloger.com

SeLoger.com has been the specialist leader of on-line real
estate in France for the past 18 years. Its websites are available on any
screen (computer, mobile phone and connected TV) and every day millions of
French Internet users view the 1.1 million plus property ads posted by estate
professionals at any time, from wherever they may be.

Be it a purchase or rental, resale or property development, in
France or abroad, a business location or a demeure de charme, everyone can
satisfy their property project through one of the Group's 7 websites:

    - www.seloger.com
    - www.selogerneuf.com
    - www.immostreet.com
    - www.bellesdemeures.com
    - vacances.seloger.com
    - construire.seloger.com/
    - www.agorabiz.com.

The Group also provides real estate professionals the broadest
visibility of their ads with an audience of 3 million unique visitors and
close to 15 minutes viewing per visitor via its different websites.

It is also the number-one supplier of Internet websites for
real estate agencies and software transaction design for professionals with
Pericles (Source: Mediametrie // Nielsen Netratings).

SeLoger.com has been listed on Euronext Paris (compartment B) since 30
November 2006
and is part of the following indexes: SBF 250, CAC MID 100, CAT
IT and Euronext 100.

ISIN code: FR0010294595.

www.groupe-seloger.com

Photo:
www.newscom.com/cgi-bin/prnh/20080131/291759

Contacts SeLoger.com - Investors relations : Laurence Begonin Maury, Tel: +33-1-53-38-29-00, Laurence.maury at seloger.com ; Brunswick, Marie-Laurence Bouchon, Alexandra van Weddingen, Tel: +33-1-53-96-83-83

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