Symbol			CRIC

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China Real Estate Information Corporation Announces Pricing of Initial Public Offering on NASDAQ Global Select Market

2009-10-16 02:00 ET - News Release

SHANGHAI, China, Oct. 16, 2009 (GLOBE NEWSWIRE) -- China Real Estate Information Corporation ("CRIC" or the "Company") (Nasdaq:CRIC), a leading provider of online and offline real estate information and consulting services in China, today announced that its initial public offering of 18,000,000 American depositary shares ("ADSs"), each representing one ordinary share of the company, was priced at $12.00 per ADS. The ADSs will begin trading on the NASDAQ Global Select Market on October 16, 2009 under the symbol "CRIC."

All of the 18,000,000 ADSs sold in the offering were sold by CRIC. The underwriters have been granted a 30-day option to purchase up to 2,700,000 additional ADSs from CRIC to cover over-allotments.

Credit Suisse Securities (USA) LLC and UBS AG acted as joint book runners for the offering.

CRIC's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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.

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