Zillow Announces Exercise of Underwriters' Option to Purchase Additional Shares

Zillow Announces Exercise of Underwriters' Option to Purchase Additional

SEATTLE, Aug. 22, 2013 (GLOBE NEWSWIRE) -- Zillow, Inc. (Nasdaq:Z), the
leading real estate and home-related marketplace, announced today that the
underwriters of its recently announced underwritten public offering of Class A
common stock have exercised in full their option to purchase additional shares
of Class A common stock from Zillow. The underwriters will purchase 753,522
shares from Zillow at $82.00 per share, less the underwriting discount. A
total of 3,253,522 shares are being offered by Zillow, and a total of
2,523,486 shares are being offered by certain existing shareholders identified
in the prospectus supplement related to the offering. The offering is expected
to close, and the shares, including the additional shares, are expected to be
delivered, on August 23, 2013, subject to customary closing conditions.

The aggregate net proceeds to Zillow from the offering, including proceeds to
be received from the sale of the additional shares, are estimated to be
approximately $253.8 million, after deducting underwriting discounts and
commissions and estimated offering expenses payable by Zillow.

Citigroup is serving as the lead bookrunning manager and representative of the
underwriters for the offering. Goldman, Sachs & Co. is serving as a joint
bookrunning manager. Allen & Company LLC, Canaccord Genuity, Pacific Crest
Securities, and JMP Securities are co-managers for the offering.

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Zillow, nor shall there be any sale of
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offer will be made only
by means of a prospectus, including a prospectus supplement, forming part of
an effective shelf registration statement. Copies of the prospectus supplement
and accompanying base prospectus may be obtained from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attention: Prospectus Department, telephone: 800-831-9146, or Goldman, Sachs &
Co. at 200 West Street, New York, New York 10282, Attention: Prospectus
Department, by calling (866) 471-2526 or by e-mailing

Forward-Looking Statements

This news release contains forward-looking statements. Words such as
"believes", "anticipates", "plans", "expects", "intend", "will", "goal",
"potential" and similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based upon Zillow's current
expectations and involve risks and uncertainties. Actual results and the
timing of events could differ materially from those anticipated in such
forward-looking statements as a result of these risks and uncertainties, which
include, without limitation, risks related to Zillow's ability to satisfy the
closing conditions required for the consummation of the offering and other
risks detailed in the shelf registration statement and prospectus supplement
related to the offering and in Zillow's filings with the Securities and
Exchange Commission, including "Item 1A. Risk Factors" in our Annual Report on
Form 10-K for the year ended December 31, 2012 and subsequent Quarterly
Reports on Form 10-Q. These reports can be accessed under the investors tab of
Zillow's website or on the SEC's website at www.sec.gov. Do not place undue
reliance on these forward-looking statements, which speak only as of the date
of this release. All forward-looking statements are qualified in their
entirety by this cautionary statement, and, except where required by law,
Zillow undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the date of this news

The Zillow logo is available at


CONTACT: Raymond "RJ" Jones
         Investor Relations
         Katie Curnutte
         Public Relations

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