PRESS RELEASE DETAIL


Jan 07, 2008

CoStar Group Election Deadline is February 8, 2000

2000-02-07 2000 CoStar Group Election Deadline is February 8, 2000 Under Merger Agreement Between CoStar Group, Inc. and COMPS.COM, Inc.

BETHES...

2000-02-07 2000 CoStar Group Election Deadline is February 8, 2000 Under Merger Agreement Between CoStar Group, Inc. and COMPS.COM, Inc.

BETHESDA, MD -- CoStar Group, Inc. (CoStar) (Nasdaq: CSGP), a leading provider of information services to the U.S. commercial real estate industry, announced that under the terms of the Merger Agreement among CoStar Group, Inc., COMPS.COM, Inc. and Acq Sub, Inc., a wholly-owned subsidiary of CoStar Group, Inc., the deadline to submit a form of election is 5:00 p.m., New York time, on February 8, 2000. To be effective, a form of election must be properly completed, signed and submitted to the Exchange Agent, American Stock Transfer & Trust, by 5:00 p.m., New York time, on February 8, 2000 and must be accompanied by the certificates representing the shares as to which the election is being made or by an appropriate guarantee of delivery of such certificate, provided that the certificates are delivered within three days of the guarantee of delivery.

CoStar Group and COMPS.COM entered into a definitive merger agreement on November 3, 1999. Under the terms of the merger agreement, each share of COMPS.COM stock will be exchanged for the right to receive either $7.50 in cash or 0.31496 shares of common stock of CoStar Group, at the election of the holder. This election is subject to adjustment to ensure that 49.9% of the merger consideration is paid in cash and 50.1% of the merger consideration in paid in shares of CoStar Group common stock.

Headquartered in Bethesda, MD, CoStar Group, Inc., (CoStar) is a leading provider of information services to the U.S. commercial real estate industry. An estimated 25,000 end-users use CoStar's multimedia software and Internet delivered database, CoStar Property™, to track approximately 326,000 buildings in 41 markets totaling more than 15.3 billion square feet. Approximately 370,000 tenants are listed in the state-of-the-art software package, CoStar Tenant™.

This news release includes certain "forward-looking statements," which involve many risks and uncertainties that could cause actual results to differ materially from such statements. Among these risks is the possibility that the merger of the two companies may not close due to failure to satisfy conditions to the merger. Important factors that could cause actual results to differ materially include, but are not limited to, those listed in CoStar Group's Registration Statement on form S-1, filed March 24, 1999, and CoStar's Registration Statement on Form S-4, filed on December 10, 1999.
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