Notes: July 21, 2015 -- Zillow Group (NASDAQ: Z) today announced its Board of Directors has unanimously approved a stock dividend of non-voting Class C capital stock. On August 14, 2015, all shareholders of record of Zillow Group's Class A and Class B common stock on July 31, 2015, the record date of the dividend, will receive a dividend of two shares of Class C capital stock for each share of Class A and Class B common stock held by them as of the record date. The issuance of Class C capital stock is an extension of Zillow Group's dual-class structure, whereby Zillow Group's co-founders Rich Barton and Lloyd Frink hold Class B shares. The Class C dividend enables the company to continue its focus on long-term growth and innovation, while maintaining the flexibility to issue additional stock for strategic business decisions and to retain and attract the best employees. Application to the Nasdaq Stock Market has been made to list the Class C capital stock. Following the issuance date of the dividend, Zillow Group expects the Class C capital stock will trade under the ticker symbol Z and the Class A common stock will trade under the ticker symbol ZG.