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  1 In accordance with IFRS 5, the previous year s figures were retrospectively adjusted for discontinued operations. 2 Ordinary operating EBITDA corresponds to EBITDA adjusted for non-operating effects such as expenses for share-based payment, M&A activities, reorganisation, and strategic projects.   Management Board Summary In 2020, we demonstrated to be a reliable and responsible partner in difficult times: We strengthened the relationships with our customers and created strong momentum for our continued successful growth. We have never lost sight of our strategic objectives. Through the ongoing enhancement of our digital product offering, we are progressing well with the development towards a comprehensive market network, thereby further expanding our addressable markets. This is also reflected in our diversified revenue mix, where consumer subscriptions and mandate leads are increasingly replacing revenues from private listings and 3

United statesFederal republic of germanyDirk schmelzerTobias hartmannJan flaskampUrsula queretteCommunications marketingMarket network strategyReal estateResidential real estateBusiness real estateReal estate partnerRealtor lead engineResidential realReal estate partnersBusiness real