[[E-House (China) Holdings Limited Letterhead] October 28, 2011 Board of Directors Merger Proposal Re: Dear CRIC Directors: E-House (China) Holdings Limited (“E-House”) is pleased to submit this preliminary non-binding proposal to acquire all the outstanding shares of CRIC that are not owned by E-House through a merger (the “Merger”). We believe the proposed Merger could have substantial benefits for both] [CUSIP No. 16948Q103 1 NAMES OF REPORTING PERSONS 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) o (a) o (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC, OO]