E-House Announces ADS Purchase Plan by Executive Chairman

E-House (China) Holdings Limited EJ announced today that Mr. Xin Zhou, a major shareholder and executive chairman of the Company, intends to use his personal funds to purchase up to an aggregate of US$10 million of E-House's American depositary shares in open market transactions within the next 12 months. Mr. Zhou said, "My plan to purchase ADSs of E-House is based on my belief that the Company's shares are presently undervalued. Despite the challenging real estate market conditions we are experiencing now, I am confident in the strong fundamentals and long-term prospects of the real estate industry in China and the ability of E-House to execute its business strategies and generate long-term value for its shareholders." The ADS purchases will be made subject to applicable legal restrictions and other factors and in a manner consistent with E-House's securities trading policies and applicable securities laws.