China Real Estate Information Corporation Enters Into Definitive Merger Agreement With E-House (China) Holdings Limited Relating To Going Private Transaction

China Real Estate Information Corporation (announced that it has entered into an Agreement and Plan of Merger, dated December 28, 2011 (Merger Agreement), with E-House (China) Holdings Limited (E-House), the majority shareholder of the Company, and CRIC (China) Holdings Limited (Merger Sub), a newly-formed Cayman Islands company and a direct wholly-owned subsidiary of E-House. Upon the consummation of the transaction contemplated by the Merger Agreement, Merger Sub will be merged with and into the Company and the Company will become a wholly-owned subsidiary of E-House (Merger). Pursuant to the Merger Agreement, upon the terms and subject to the conditions thereof, at the effective time of the Merger, each of the Company's ordinary shares (CRIC shares) issued and outstanding immediately prior to the effective time of the Merger (including CRIC shares represented by American depositary shares (CRIC ADSs), each of which represents one CRIC share) will be cancelled in exchange for the right to receive cash consideration of $1.75, without interest, plus, in the case of each CRIC share (not including CRIC shares represented by CRIC ADSs), 0.6 E-House ordinary shares, or, in the case of each CRIC share represented by a CRIC ADS, 0.6 E-House American depositary shares, each of which represents one E-House share. The Company currently expects the Merger to close around the middle of 2012.