Bankrate (RATE) Waives IPO Lock-Up on 302K Shares

Bankrate, Inc. (NYSE: RATE), in accordance with its obligations under the underwriting agreement entered into relating to its recent initial public offering, today announced that Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, the lead book-running managers of Bankrate's recent initial public offering, have agreed to waive lock-up restrictions with respect to up to 302,128 shares of common stock of Bankrate held by certain officers of the Company to permit them to sell such shares in the offering described in Bankrate, Inc's Registration Statement on Form S-1 (File No. 333-178132) initially filed with the Securities and Exchange Commission on November 23, 2011. The waiver will take effect on December 6, 2011, and the shares may be sold on or after such date.

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