Community: About eBay: Releases: PR99

Artwork from New Langton Arts' 15th Annual Auction Available Online on eBay Great Collections

eBay Great Collections Co-Sponsors Fundraising Event and Features Works From Bay Area and National Artists

SAN JOSE, Calif., December 3, 1999—eBay Great Collections, a premium collectibles category available on eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, is co-sponsoring the 15th Annual Auction of New Langton Arts, a San Francisco nonprofit organization that provides professional support to contemporary artists As part of a week-long fundraising event, called Future Shock, local Bay Area and national artists are participating in New Langton Arts' auctions in live, silent and, for the first time, online auction formats, opening up the event to art enthusiasts outside of the Bay Area. More than 50 pieces of artwork are available on eBay Great Collections (www.ebaygreatcollections.com), beginning tonight at midnight and closing at midnight on December 10, 1999.

"We're thrilled that our sponsorship of New Langton Arts allows us to support local Bay Area artists and present their work to our growing community of art enthusiasts and collectors on eBay Great Collections," said Steve Westly, senior vice president and general manager of international and premium services.

For the first time, Future Shock artworks will be available online for interested bidders who live outside of the Bay Area or would like to participate from the comfort of their own homes. Future Shock Online includes a vivid sampling of Langton's auction artworks offered on eBay Great Collections, including work by such artists as John Alexander, Connie Hatch, and Scott Lifshutz, among many other notable artists. Computers will also be available throughout the week in Langton's Gallery for bidding online.

"eBay's involvement in Future Shock opens up an entirely new avenue of exposure for contemporary artists," said Susan Miller, executive director of New Langton Arts. "eBay Great Collections expands New Langton's visibility and audience."

"eBay Great Collections lets people outside of the Bay Area, such as a collector in New York, check out the New Langton artwork," said Terry Hoff, an artist featuring one of his paintings on eBay Great Collections. "People who live too far away to [have] bid in past New Langton auctions, now can."

Langton's Annual Auction attracts patrons, collectors, and holiday shoppers seeking exceptional artwork from well-known and emerging contemporary artists. Proceeds from Future Shock make up a considerable portion of Langton's annual budget. Future Shock is open to the public for previewing and online and silent bidding from December 4 through December 9, 1999 at Langton's Gallery.

The week's activities culminate on the evening of Thursday, December 9. Patrick Meade, president of Butterfield & Butterfield, one of the world's oldest and largest auction houses, which was acquired last Spring by eBay, will conduct the Future Shock live auction. The event begins at 6 p.m. with live music and food. Tickets and more information are available by calling 415-626-5416.

About New Langton Arts

The mission of New Langton Arts is to cultivate innovative contemporary artworks in the visual and media arts, music, performance, literature, and interdisciplinary projects while encouraging broad public appreciation and access to the art of our times. Our mission is achieved by providing professional support to contemporary artists from diverse economic, social, and cultural backgrounds though exhibitions, performances, readings, new works commissions, awards, and publications. Audiences benefit through direct experience of Langton's artist projects with the assistance of education, outreach, and audience development programs.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 3.2 million items listed for sale. More than 400,000 items are added daily in more than 2,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Respected Auction Executive Joins eBay-Butterfield Team

San Jose, CA December 7, 1999—eBay® (NASDAQ: EBAY; www.ebay.com) the world's leading personal online trading community, today announced the appointment of Patrick Meade as president and CEO of Butterfield & Butterfield, which was acquired by eBay in April, 1999.

eBay also announced that John Gallo will become senior vice president of eBay's Great Collections, the company's new web site for fine art, antiques, and premium collectibles.

During a distinguished career at Christie's, Meade became one of the most respected executives in the auction industry. He will be responsible for setting Butterfield & Butterfield's strategic direction and guiding the world's fourth largest auction house into the Internet space.

"Patrick Meade has held prestigious positions in the auction world," said Steve Westly, eBay's senior vice president and general manager for Premium and International services. "Patrick's experience and talents make him uniquely qualified to lead Butterfield & Butterfield as the auction industry prepares for the historic changes created by the Internet."

Gallo is a 30-year Butterfield & Butterfield veteran having served as the company's president for the past ten years. As the senior vice president for eBay's Great Collections, Gallo will be responsible for establishing the Internet's most efficient online marketplace for premium art and collectibles.

"John Gallo was the first industry executive to recognize the value of the Internet," Westly commented. "He has personally moved Butterfield & Butterfield into the Internet space and he will play a critical role as we continue to open the world's great auction houses to the Internet."

Westly also announced expanded duties for chief operating officer John Fallini who will oversee Internet operations and marketing at the historic San Francisco auction house. Bernard Osher, who has served as Butterfield & Butterfield's chairman between 1990 and 1999, will assume the title of chairman emeritus.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 3.3 million items listed for sale. eBay members add nearly 400,000 items to the site daily in more than 2,200 categories, including: automobiles; antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia and toys.

eBay Great Collections Hosts Sale of Antiques from Liberty of London

Pewter, Victorian Jewelry and Eames Furniture Now Available Online

SAN JOSE, Calif. December 14, 1999—eBay Great Collections (www.ebaygreatcollections.com), the fine art, premium collectibles and rare antiques trading area on eBay® (NASDAQ: EBAY; www.ebay.com), today announced that Liberty—one of the most distinctive and innovative decorative retailers in London UK — has put unique items up for sale on eBay Great Collections. Merchandise listed includes rare English pewter, Victorian jewelry and a world-class collection of sixties' furniture from the masters of modern design, Charles and Ray Eames. Listing these items, Liberty also became an official dealer on eBay Great Collections.

"Liberty is world famous for its commitment to quality and design excellence and has made a unique contribution to the decorative arts," said Steve Westly, senior vice president and general manager of premium services at eBay. "eBay Great Collections offers the first chance for collectors in United States and around the world to bid on unique items that represent the best in design — from the Victorian era through to the 1960s."

"Liberty has an unrivalled reputation for innovative design and the older pieces have been carefully selected for their fine craftsmanship. Many were originally commissioned by Mr. Liberty himself from the finest designers of the era including Archibald Knox and Oliver Baker," said Andrew Thatcher, brand director of Liberty. "The furniture comes from a special gathering in our London store of the best of the sixties furniture — modern collectibles — and is a rare occasion to purchase sets of these items. The sixties were a time of great artistic creativity at Liberty and we are delighted to return to those times with these pieces."

The work of Charles and Ray Eames has become hot property since appearing on the set of popular NBC sit-com Frasier. Their work is being featured in an exhibition at the National Design Museum in New York and their chairs are now considered to be icons of the sixties. The auction will also include furniture by other influential designers such as Arne Jacobsen, Verner Panton and Robin Day.

Liberty pewter and silver was created during the late Victorian period, pioneered by artist Archibald Knox. His work spans both the Arts and Crafts and Art Nouveau movements and features enamel and turquoise inlays. His masterpiece, a silver rose bowl, is now part of the Brad Pitt Collection, currently touring Japan in the Liberty Style exhibition.

A collection of antique jewelry dating from the late 1800's completes this sale. The star piece from this collection is a stunning diamond, opal and pearl brooch c.1910. Other pieces include an original Liberty pendant c.1912.

About Liberty
Sir Arthur Lasenby Liberty founded Liberty in 1875 as a department store carrying exclusive items for the home. He traveled extensively in the Orient to find the unique and original. He was a leading member of the English Arts and Crafts Movement and his influence was strongly felt in the development of Art Nouveau. He printed fabrics for the home and for apparel and Liberty fabrics are still today a byword for luxurious colorful designs. Liberty's department store in London's Regent Street is still a marvelous treasure trove of unique items for the home and ladies' fashion. Its fabrics are exported all over the world. More information on Liberty is available on its "About Me" page on eBay (http://members.gc.ebay.com/aboutme/liberty-of-london).

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 3.3 million items listed for sale. eBay members add nearly 400,000 items to the site daily in more than 2,200 categories, including: automobiles; antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia and toys.

eBay Acquires Blackthorne Software

Software Products Automate Merchandise Listing Process for eBay Sellers

San Jose, Calif., December 16, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com) today announced that it has acquired Blackthorne Software (www.blackthornesw.com), a leading provider of software that automates the management of listings for eBay's sellers.

"Blackthorne Software has developed a premier set of products for auction management, including AuctionAssistant," said Jeff Jordan, vice president and general manager of eBay Services. "This acquisition will allow us to work closely with the leader in the category, providing our sellers with the tools they need to trade more effectively."

Blackthorne Software specializes in products designed to help people sell merchandise on the web. The company's first product, AuctionAssistant, was primarily designed to help automate the eBay merchandise listing process for both casual and serious users. The product proved to be so popular that Blackthorne developed AuctionAssistant Pro, which helps sellers format and post their merchandise on eBay, as well as integrating email and invoicing functions.

"We are very excited about the opportunities presented to us by this acquisition," said John Slocum, founder of Blackthorne Software. "By teaming with eBay, we can more tightly integrate our products with the eBay site, allowing us to more fully automate the auction management process and offer eBay sellers new levels of service."

The terms of the acquisition were not disclosed.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 2.8 million items listed for sale. eBay users add more than 375,000 items to the site every single day in more than 2,900 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia and toys.

eBay Brings Last Minute Holiday Joy With Free Listing Event

Sellers Invited to List Millions of New Items for Last Minute and Post Holiday Purchases

SAN JOSE, Calif., December 20, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced a 24-hour free listing event that will take place beginning midnight Monday, December 20 and continue until Monday evening at 11:59 PM PST. Insertion fees will be credited to eBay sellers who list items during that period. With millions of new items expected to be listed by sellers, eBay buyers should have a huge selection of last minute gifts to choose from or treat themselves to the gift they really want this holiday season.

Close to Christmas and the New Years celebrations, listings on eBay have historically declined as sellers take a well-earned break from their eBay businesses, before rebounding after the holiday season.

"Once the gifts are unwrapped and the new computers are turned on, we hope that people will soon find their way to eBay," said Brian Swette, eBay's COO. "As friends and family gather for holiday festivities, conversations may turn to the Internet and to eBay. Thanks to the sellers who take advantage of today's free listing event, buyers will be able to bid on millions of new, interesting items."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 2.8 million items listed for sale. eBay users add more than 375,000 items to the site every single day in more than 2,900 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia and toys.

eBay Comes to Baltimore and Washington DC with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/dc

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Baltimore and Washington DC. eBay's new Baltimore/Washington DC web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/dc.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Baltimore/Washington DC site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

"Launching our new local site in time for the holiday buying rush gives people a fun, convenient and friendly alternative to the mall," said Reed Maltzman, director of eBay regional. "eBay's local sites deliver a distinctive regional flavor, providing a new marketplace where anyone can find great holiday gifts for family and friends."

With the new Baltimore/Washington DC web site, eBay community members can easily find items located near them and browse through items of local interest, such as memorabilia from popular regional sports teams like the Ravens and Redskins, presidential and political collectibles, and antique postcards celebrating Baltimore's proud industrial heritage. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Baltimore/Washington DC site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in Baltimore/Washington DC area include:

Italian Marchetti violin, item # 195214181
Solid bronze bank doors, item # 195976591
Extremely rare Atmos clock with glass case, item # 194780345
1956 American LaFrance fire engine, item # 195914807

About eBay
eBay (www.ebay.com), the world's personal trading community™ pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 3.0 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. In April 1999, eBay acquired Butterfield & Butterfield, the fourth largest auction firm in the world.

eBay Comes to Boston with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/boston

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Boston. eBay's new Boston web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/boston.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Boston site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Boston web site, eBay community members can easily find items located near them and browse through items of local interest, such as memorabilia from popular regional sports teams like the Red Sox, Bruins, Celtics and Patriots. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Boston site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Boston area include:

Rare 1940 Packard 120 convertible coupe, item # 192213777
Fine Persian Tabriz rug, item # 19424520
1991 Ferrari 348TS, item # 192733957
Grady White 1991 family fishing boat, item # 194614221

eBay Comes to Las Vegas with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/lasvegas

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Las Vegas. eBay's new Las Vegas web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/lasvegas.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Las Vegas site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Las Vegas web site, eBay community members can easily find items located near them and browse through items of local interest, such as casino, Elvis or UNLV Running Rebels memorabilia. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Las Vegas site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Las Vegas area include:

Nikon F-5 with 52mm lens, item # 196601325
Time share in Lake Tahoe, item # 195723219
Wurlitzer 1015 CD Jukebox, item # 195137158
Four day New Years stay in Las Vegas, item # 195116715
Restored 1942 Harley Davidson, item # 196593199

About eBay
eBay (www.eBay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 3.0 million items listed for sale. More than 300,000 items are added daily in more than 2,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Comes to Providence with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/providence>

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Providence. eBay's new Providence web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/providence.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Providence site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Providence web site, eBay community members can easily find items located near them and browse through items of local interest, such as antique postcards, New England Patriot memorabilia, and Brown University collectibles. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Providence site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Providence area include:

14 carat gold and diamond engagement ring, item # 197150522
18 carat gold Rolex Daytona, item # 194127075
1965 Austin Healey 3000, item # 196186609
1985 Canadian Laser sailboat, item # 196088518

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 3.0 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. In April 1999, eBay acquired Butterfield & Butterfield, the fourth largest auction firm in the world.

eBay Comes to Nashville with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/nashville

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Nashville. eBay's new Nashville web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/nashville.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Nashville site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Nashville web site, eBay community members can easily find items located near them and browse through items of local interest, such as Grand Old Opry collectibles, memorabilia from popular local sports teams like the Titans and Predators, or that rare country recording. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Nashville site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Nashville area include:

1998 Mercedes E320, item # 196503312
Thriving 15 year old grocery business, item # 194894057
Wooden lot near Kentucky Lake, item # 194305664
1997 Jaguar XJ6, item # 194531871

eBay Comes to Norfolk and Virginia Beach with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/norfolk

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Norfolk and Virginia Beach. eBay's new Norfolk/Virginia Beach web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/norfolk.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Norfolk/Virginia Beach site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Norfolk/Virginia Beach web site, eBay community members can easily find items located near them and browse through items of local interest, such as collectibles from Colonial Williamsburg, tobacco memorabilia and rare sailing and fishing merchandise. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Norfolk/Virginia Beach site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Norfolk/Virginia Beach area include:

1985 Red Corvette coupe, item # 195770617
Visulite Playhouse, located in Staunton Virginia, item # 192079946
Waterfront Lot, located in Northern Neck Virginia, item # 195265043
Two tone Rolex Submariner, item # 196527203

eBay Comes to Seattle and Tacoma with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/seattle

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Seattle and Tacoma. eBay's new Seattle/Tacoma web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/seattle.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Seattle/Tacoma site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Seattle/Tacoma web site, eBay community members can easily find items located near them and browse through items of local interest, such as memorabilia from popular local sports teams such as the Mariners, Supersonics and Seahawks, Starbucks and Boeing collectibles, or paintings and photography of Mount Rainier. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Seattle/Tacoma site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Seattle/Tacoma area include:

Chinese Qing Dynasty porcelain vase, item # 196430369
Gas powered pogo stick, item # 193755748
18 carat gold Rolex president model, item # 195045711
Two 1990 Bombardier Seadoos, item # 195584705
Koliber II airplane, item # 196276676

eBay Comes to Milwaukee with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/milwaukee

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Milwaukee. eBay's new Milwaukee web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/milwaukee.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Milwaukee site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Milwaukee web site, eBay community members can easily find items located near them and browse through items of local interest, such as memorabilia from popular local sports like the Brewers, Packers and Bucks; rare Wisconsin collectibles, including antique postcards and automobile plates; and merchandise celebrating the Milwaukee brewing industry - from today and yesteryear. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Milwaukee site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Milwaukee area include:

Brand new eight seat Jacuzzi, item # 196563518
New Haley Davidson custom Sportster, item # 194555458
1989 Super Chief Winnebago motorhome, item # 193370518
Complete DJ set up with trailer, item # 191753793

eBay Comes to Dallas and Fort Worth with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/dallas

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Dallas. eBay's new Dallas/Forth Worth web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/dallas.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Dallas/Fort Worth site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Dallas/Fort Worth web site, eBay community members can easily find items located near them and browse through items of local interest, including memorabilia from popular local sports teams like the Cowboys, Mavericks and Stars; rare Western collectibles, such as stock show belts and vintage Stetsons; and horse riding equipment, ranging from boots to blankets. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Dallas/Fort Worth site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Dallas/Fort Worth area include:

Bosendorfer fine art grand piano, item # 191377894
165 acres of hunting and fishing "paradise", item #194555865
Rare Tiffany pen-desk set, item # 195800898

eBay Comes to Salt Lake City with New Local Web Site

Buy that Special Gift This Holiday Season Online at www.ebay.com/saltlakecity

SAN JOSE, Calif. November 10, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today launched a local web site especially for eBay's community in Salt Lake City. eBay's new Salt Lake City web site is accessible through the "Go Local" area on the eBay home page (www.ebay.com) or directly at www.ebay.com/saltlakecity.

The new site has been launched just in time for the holiday season and is the perfect venue to find difficult to ship holiday items such as skis, snowboards, personal computers and antiques. Because eBay's new Salt Lake City site connects local buyers and sellers, it also gives holiday shoppers the opportunity to pick up that last minute gift themselves—rather than wait on shipment. These include this holiday season's hottest gifts, such as Pokemon trading cards and "Toy Story 2" toys, or that one-of-a-kind special gift - be it a long lost board game or a favorite holiday record from your childhood.

With the new Salt Lake City web site, eBay community members can easily find items located near them and browse through items of local interest, including memorabilia from popular local sports teams like the Jazz and Grizzlies, winter sports gear and Utah collectibles such as antique license plates and postcards. The site also provides a more convenient venue for trading items that are difficult to ship long distances, due to either their size or fragile nature. The Salt Lake City site is completely integrated into eBay's worldwide listings, so sellers can list locally in the knowledge everyone on eBay can see the item.

Items listed today on eBay, from sellers in the Salt Lake City area include:

Time share in Park City Utah, item # 194185168
Antique German violin, item # 192216373
Limited edition Wurlitzer Elvis jukebox, item # 194602683
Restored 1946 Harley Davidson Flathead, item # 196362352

Unleash The Power of eBay's Cyber-Elves This Holiday Season

"Personal Shopper" Searches for Cool Gifts Among eBay's 3.3 Million Listed Items

SAN JOSE, Calif. November 16, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, is making it easy for online shoppers to find the perfect gift this holiday season. eBay's cyber-elves can hunt for that special gift thanks to features like "Personal Shopper," which automatically scours the 3.3 million items listed on www.ebay.com and sends regular email updates - notifying registered users of merchandise that matches the description of that perfect gift.

With so many items available on eBay, there's bound to be that unusual or special gift, perfect for that difficult to buy for friend or family member. eBay is making it easier to find that special holiday gift with a number of features launched just in time for the holiday buying rush:

Holiday-o-rama, a one-stop online shop for holiday gifts, with hints and tips on holiday trading and links to all major gift categories. It can be found at www.ebay.com/holidayorama.
"Top Five Gift Ideas", displayed directly on the home page, giving shoppers one-click access to listings on this year's hottest gifts such as Pokemon trading cards, Palm VII organizers, digital camcorders and Sega Dreamcast merchandise.
Twenty new regional sites, from San Francisco to Boston, that allow holiday shoppers to find that hard to ship or last minute gift in their local region, with more new sites coming soon.
"Great Gifts" section displaying the best holiday bargains in major categories—providing suggested gift ideas for under $25, $50 and $100.
"Gift Alert" which allows auction winners to email a friend or family member with the news that they'll soon be receiving that special gift, found on eBay.
"Gallery Search" which enables shoppers to view gift items in a catalog format, with easy to scan thumbnail images of the merchandise.

"With over 3 million items you're bound to find that one-of-kind special gift," said Brian Swette, eBay's senior vice president of marketing. "Be it this year's hot gifts, such as Pokemon cards and 'Toy Story 2' movie merchandise, or great deals on Palm VII organizers or the latest snowboard gear, eBay is a must visit site for anyone thinking of purchasing online this holiday season."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 7.7 million registered users. Currently, there are more than 3.3 million items listed for sale. More than 400,000 items are added daily in more than 2,500 categories, including: automobiles, antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Names Senior Executives to New Posts

SAN JOSE, Calif. November 17, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the promotion of Brian Swette to chief operating officer. Previously Brian was eBay's senior vice president of marketing and general manager of eBay U.S. The company also announced that Steve Westly has been promoted to senior vice president and general manager of international and premium services.

"Today's announcement shows that not only is eBay committed to bring the best people on board but that, within the company, we already have a great pool of talent to draw upon," said Meg Whitman, eBay's president and CEO. "eBay has a world class management team, committed to developing our site as the world's best place to trade."

As chief operating officer, Brian Swette will be responsible for the day-to-day running of eBay's operating units, including the eBay U.S. site, regional sites, user services, autos and customer support. As senior vice president and general manager for international and premium services Steve Westly oversees eBay Great Collections, Butterfield & Butterfield and the company's continued international expansion. eBay currently has international operations in Australia, Canada, UK and Germany. Steve will also continue to run eBay's mergers and acquisitions group as well as the company's corporate communications function.

In other changes announced by eBay today, Jeff Jordan was named as vice president and general manager of regionals and services, Jim Davis becomes vice president of US marketing, Matt Bannick promoted to vice president of product and community, and Simon Rothman to vice president and general managers of eBay autos and Kruse.

eBay Goes Wireless with Palm VII Connected Organizer

Now eBay Users On The Go Can Browse, Search and Bid Online

SAN JOSE, Calif., October 4, 1999—eBay® (NASDAQ: EBAY; www.ebay.com) the world's leading person-to-person online trading community, today announced that its service will be available to users of the new Palm VII connected organizer, the first handheld computing product for out-of-the-box wireless Internet access. Using 3Com's (Nasdaq: COMS) Palm VII organizer, eBay's community can conveniently track their online trades without being in front of a desktop computer. A new web clipping application for the Palm VII, developed for eBay by WorkSpot Inc., delivers wireless access to www.ebay.com — allowing users to browse, search and bid on the over 2.8 million items available today on eBay.

The Palm VII eBay web clipping application has a simple, easy to use interface and category structure familiar to eBay's community and will be available for free download via links from www.workspot.com and www.ebay.com.

"Nearly six million people rely on eBay to do business and pursue their collecting passions and bringing eBay to the popular Palm Computing platform gives them the opportunity to trade on eBay wherever the Palm.Net service is available," said Steve Westly, eBay's vice president of marketing and business development. "We are always looking for ways to provide our community with easier access to eBay wherever they are, 24 hours a day."

"The Palm VII organizer continues to gain momentum as top Internet commerce providers like eBay offering new web clipping applications that provide users greater flexibility in their everyday lives," said Alan Kessler, president, Palm Computing, a 3Com company. "Now eBay users can make bids, check their trades and search for new items wherever they go, wirelessly and from the palm of their hands."

eBay Selects Abovenet and Exodus for Technology Outsourcing

SAN JOSE, Calif., October 8, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced that it is outsourcing its backend Internet technology to AboveNet Communications and Exodus Communications, as the company moves to create a utility-like service for its 5.6 million customers worldwide. By expanding its current relationship with Exodus and bringing AboveNet on board, eBay is outsourcing web servers, database servers and Internet routers as well as relying on the companies to provide increased network bandwidth for its millions of active buyers and sellers.

"Millions of people rely on eBay to do business and pursue their collecting passions, and having our technology hosted at Exodus and AboveNet will help us manage network capacity and provide a more robust web backbone," said Bob Quinn, eBay's Chief Information Officer. "These companies are market leaders in hosting large volume web sites and we foresee working closely with them as eBay expands into new geographies and introduces new user services."

"We are proud to expand our strong relationship with eBay," said Ellen M. Hancock, president and CEO at Exodus. "Outsourcing web site operations to Exodus enables companies like eBay to focus on their core business and provide great customer service. We intend to work together to provide eBay's customers with the performance and reliability they expect from a world-class e-commerce company."

"Adding eBay, one of the most innovative and exciting e-commerce companies on the Internet, to our list of clients is a positive endorsement of our world-class facilities and network, and a strong validation of our business strategy," said Sherman Tuan, AboveNet co-founder and chairman. "AboveNet's state-of-the-art network and services help companies like eBay build strong relationships with their customers by providing their end-users with round-the-clock Web access even during peak traffic periods. We are committed to giving eBay's valued customers a truly exceptional Internet experience."

About AboveNet and Metromedia Fiber Network
Metromedia Fiber Network Inc. (NASDAQ: MFNX) recently acquired AboveNet Communications, the architect of the global one-hop network and a leading provider of Internet connectivity and co-location solutions for high-bandwidth and business critical applications. The combined company will facilitate the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scaleable optical networks to Internet content and service providers, carriers and enterprise users, worldwide. For more information on AboveNet and its service offering call 800/475-2733 or visit the company's Web site at www.above.net. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com.

About Exodus Communications
Exodus Communications (NASDAQ: EXDS) is a leading provider of Internet system, network management solutions and technology professional services for enterprises with mission-critical Internet operations. Exodus manages Internet Web sites and its network infrastructure from 15 Internet Data Centers (IDCs) located in the United States and Europe. Exodus currently has IDCs located in the Boston, Chicago, London, Los Angeles (2), New York (2), Seattle (2), Silicon Valley (4) and Washington, D.C. (2) metropolitan areas. Exodus has announced the planned addition of four additional IDCs and three international server hosting sites by the end of 1999, bringing the total number of Exodus sites to 22 worldwide. More information on Exodus can be found at www.exodus.net.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.8 million items listed for sale. More than 300,000 items are added daily in more than 2,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Exodus Communications and Exodus are trademarks for Exodus Communications, Inc., and may be registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their respective owners.

Batter Up! Yankee Legend Comes to eBay

Personal Collection From Joe Dimaggio Estate To Be Auctioned Exclusively On eBay

SAN JOSE, Calif., October 18, 1999—The opportunity to own a piece of baseball history is coming to eBay® (NASDAQ: EBAY; www.ebay.com). Joe DiMaggio's extensive personal collection of baseball memorabilia will be auctioned on eBay beginning Oct. 20 through Oct. 30. To participate in the auction, go directly to www.ebay.com/sportspromo.

DiMaggio was not only one of the most celebrated baseball players in history, he was also an avid collector. Over the years, DiMaggio accumulated an extensive collection of his own signed items consisting of baseballs, cards, bats, photographs, and other memorabilia, recently appraised in excess of $5 million.

Ralph Perullo, a Charlotte business executive who recently acquired the memorabilia estate, will host the premiere Joe DiMaggio estate auction on eBay. Perullo has been a lifelong New York Yankee fan and fondly remembers DiMaggio gliding the bases and roaming the outfield of Yankee Stadium. Highlights of the offerings on eBay will include:

Commemorative autographed leather photoballs (baseballs with DiMaggio's photo on them), signed "Joe DiMaggio Yankee Clipper," starting bid $650
Robert Stephen Simon prints, signed and numbered, with the inscription "Joe DiMaggio Yankee Clipper," starting bid $1,550. Artist proofs, starting bid $1,650
Numbered edition baseballs signed "Joe DiMaggio HOF 55," symbolizing his Hall of Fame induction year of 1995, starting bid $595
Limited edition baseball bats, starting bid $2,995
New York Yankee jersey, signed "Joe DiMaggio Yankee Clipper," starting bid $2,995.

Each of the items has been autographed by DiMaggio, and includes a certificate of authenticity, with a distinctive hologram. Select items are also signed "Joe DiMaggio — Yankee Clipper," which are true rarities in the sports memorabilia market.

"Few sports celebrities reach the status of becoming an American icon like Joe DiMaggio. Hosting this historic sports auction is an honor for eBay," said Mike Stevens, program manager for eBay Inc. "We are excited to bring this prestigious collection from the Joe DiMaggio Estate to the online community, and give many people the opportunity to own a piece of sports history."

Perullo has committed to giving a portion of the proceeds to charity, the Baseball Assistance Team (B.A.T.) which helps indigent former players, and the Chronic Fatigue and Immune Dysfunction Syndrome (CFIDS) association, with national headquarters in Charlotte.

The auction will begin on eBay October 20 and will continue until October 30. eBay will also introduce a special Joe DiMaggio destination on its site to promote the estate auction, providing a place where collectors can come to find the wide range of DiMaggio estate items.

eBay Great Collections Brings Treasures from Around the World Online

eBay Launches New Site Featuring Premium Fine Antiques, Art and Rare Collectibles

NEW YORK, October 19, 1999—eBay® (NASDAQ: EBAY; www.ebay.com) the world's leading person-to-person online trading community, today officially unveils a new site called eBay Great Collections at an event in New York City. Available at www.ebaygreatcollections.com and from the eBay homepage, eBay Great Collections features fine antiques, art and rare collectibles offered and guaranteed by many of the world's great auction houses, galleries and dealers.

"eBay Great Collections has partnered with some of the finest galleries, dealers and auction houses in the world to offer a vast selection of historical and premium collectibles," said Steve Westly, vice president of eBay and general manager of eBay Great Collections. "We are excited to launch this new site and bring our online community rare and remarkable items from all over the world - from Albert Pinkham Ryder's oil on canvas 'Pastoral' to Lou Gehrig's game-used home jersey to a rare ancient Celtic gold coin."

eBay Great Collections is a result of the company's work with recently acquired subsidiary Butterfield & Butterfield. By listening to and tapping into the knowledge of the experts - auction houses, galleries and dealers - eBay's goal is to offer the Internet's best destination for fine art, collectibles and antiques.

At eBay Great Collections, auction houses, galleries and dealers will have their own branded areas - bringing their trusted reputations online and giving these companies the opportunity to grow their businesses. On the web site they will be able to present their merchandise to eBay's existing community of over 5.6 million active members and allow their current customers to visit their favorite auction house or gallery more often - this time online at the eBay Great Collections web site.

The items showcased on eBay Great Collections will come from auction houses, galleries and dealers from around the world. The initial group of participating auction house partners include:

Alibris; Emeryville, California
Bloomsbury Book Auctions; London, England
Butterfield & Butterfield; San Francisco, California
Dargate Auction Galleries; Pittsburgh, Pennsylvania
Dorotheum Internet Auctions; Vienna, Austria
Fritz Rudolf Kuenker Muenzhandlung; Osnabrueck, Germany
Greg Manning Auctions Inc. (NASDAQ: GMAI); West Caldwell, New Jersey
Heritage Coin; Dallas, Texas
Lankes Auktionshaus; Hof/Döhlau, Germany
Lawsons; Sydney, Australia
Lempertz Cologne/Brussels; Cologne, Germany
Muenzen Ritter; Duesseldorf, Germany
Numismatik Lanz Munchen; Munich, Germany
Sternberg AG; Zurich, Switzerland

More than 60 items available on eBay Great Collections will be on display at the New York event. Included among these items are "In His Own Write" by John Lennon (book signed by all four Beatles), presented by Alibris; Joe DiMaggio's #56 baseball bat, signed, presented by R&R Enterprises, Ralph Perullo; treasures from the wreck of the Spanish Treasure Fleet of 1715, Atocha, presented by Butterfield & Butterfield; and Gustav Klimt's crayon on paper of a standing female figure in profile.

eBay Great Collections makes these treasured items more accessible than ever before, eliminating the "buyers premium" charged by many companies in the fine art market.

With eBay Great Collections users will have access to items previously reserved for the auction floor. To sell items on eBay Great Collections registered eBay sellers are encouraged to apply to become an eBay Great Collections dealer or to list their items on consignment with participating auction houses or dealers.

Auction houses and dealers participating in eBay Great Collections will offer authentication services with the same guarantees they provide in the offline world, provide customer support to interested bidders via email and manage their own auctions. The eBay Great Collections auctions will be in the same format as those found of the eBay site and will include access to escrow, insurance and shipping services.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 3.0 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. In April 1999, eBay acquired Butterfield & Butterfield, the fourth largest auction firm in the world.

eBay Goes Live in Australia

World's Largest Online Trading Community Launches New Australian Web Site

SAN JOSE, Calif., October 20, 1999—eBay®, the world's largest person-to-person online trading community has launched its new Australian web site (www.ebay.com.au). The new site offers Australian buyers and sellers the opportunity to trade popular Australian items, such as Olympic and AFL memorabilia, Australian stamps and coins, and other unique items in more than 2,000 categories. Also, an easy-to-use search mechanism allows people to quickly find items located in Australia or from among the 3 million items listed on eBay around the world.

eBay pioneered online person-to-person trading, creating a huge marketplace and community where people can buy, sell, chat and share their experiences with fellow collectors all over the world. Already thousands of Australians are avid eBay users—some make their living from selling on eBay while others have discovered a fun and entertaining web site that allows them to pursue their collecting passions.

"www.ebay.com.au offers an irresistible combination for Australian traders - compelling local categories and listings, as well as access to a worldwide community of 5.6 million active buyers and sellers," said Alison Deans, managing director of eBay Australia & New Zealand. "No other web site offers Australians such a vibrant local marketplace and worldwide reach."

To promote the launch of the web site, eBay Australia is waiving all listing fees for a limited period, providing sellers with an even greater reason to list their items on www.ebay.com.au.

"I've been trading sports cards and collectibles at eBay for over 18 months," says Paul Richardson, an avid local eBay user. "I am really excited about the opportunities that the local site will open for me to buy and sell more local things, like Aussie Rules trading cards and memorabilia. Also, I like the idea of trading in Aussie dollars, rather than foreign currencies."

The new eBay Australia (www.ebay.com.au) web site now offers:

Country-specific categories and content, reflecting popular Australian collectibles such as AFL, cricket and rugby memorabilia; Australian coins and stamps; and Olympic pins;
The ability to trade in Australian dollars and search for items located in Australia;
Unparalleled access to a worldwide community of traders, with over 300,000 new items listed every day and over 3 million items for sale at any one time. Australian sellers can list their item so it can be viewed from any eBay site and buyers can view items listed anywhere in the world;
Local chat boards that allow eBay's Australian community to get the most out of the web site including the eBay Australia Café.

eBay Australia & New Zealand is a joint venture between ecorp Ltd and eBay.

BMW and eBAY Team Up for Charity Auction of the First Customer-Delivered X5

All Sale Proceeds to Benefit The Susan G. Komen Breast Cancer Foundation

WOODCLIFF LAKE, New Jersey, October 28, 1999— BMW and eBay® plan to give philanthropically minded consumers the opportunity to make a donation and to purchase one new X5 Sports Activity Vehicle before it is available to the general public.

BMW of North America, Inc., and eBay, Inc., the world's leading person-to-person online trading community, have teamed up to offer the first customer-delivered X5 Sports Activity Vehicle through an online auction at www.ebay.com Oct. 29 – Nov. 7. The vehicle will be delivered through an authorized BMW SAV Center and all proceeds from the auction will benefit the Susan G. Komen Breast Cancer Foundation.

The auction is BMW's final event of the year to support the Komen Foundation. During the last three years, BMW has donated more than $3 million to Komen through its grass-roots programs. The Ultimate Drive invites BMW customers and the general public to test specially badged BMWs. For every mile that is "test driven" during these events, BMW donates $1 to the Komen Foundation.

The first customer-delivered X5 will have a Titanium Silver Metallic exterior and come equipped with Sport and Activity packages, the brand's state-of-the-art navigation system and a moonroof. The suggested retail price of the vehicle as equipped is $57,105 (including delivery and handling). While it is a completely new type of BMW, the X5 is characterized by the well-known features typical of the BMW experience, such as its Head Protection System, Dynamic Stability Control and exceptional handling.

However, this is the first truck from BMW, and the vehicle's dimensions, flexibility and all-wheel-drive capability clearly separate the X5 from anything the German manufacturer has ever brought to market. The X5 represents a technological evolution for the BMW marque and - with its agility, responsiveness and state-of-the art safety systems - creates an entirely unique driving experience in the segment. The 2000 BMW X5 4.4i will have a manufacturer's suggested retail price, including shipping and handling, of $49,970.

As an added bonus, BMW will fly the winning bidder to its new, state-of-the-art Performance Center in Spartanburg, S.C. There, a BMW specialist will provide a thorough introduction to the X5; a tour of the nearby manufacturing facility, where the X5 will be built exclusively; and time to explore the BMW Zentrum, a museum dedicated to more than 75 years of BMW's history.

The thrill continues when BMW professional drivers also give the winning bidder specialized driving instruction on the Performance Center's 1.7-mile paved driving skills course. Configured into one of 35 variations, the driving skills course simulates everyday driving conditions. There is also a 300-foot diameter smooth concrete skid pad that can be made as slick as black ice to allow the winning bidder to test the limits of the X5's adhesion and handling systems, including ABS brakes, All Season Traction and Dynamic Stability Control.

The winning bidder will also get special instruction on BMW's "other roads" course which simulates poor unpaved road conditions, including bridge crossings, steep hills and water crossings. The winning bidder will be challenged to use mental and physical reflexes to maneuver this perfectly balanced vehicle on a "teeter-totter" balance bridge.

BMW will arrange for delivery of the X5 through an authorized Sports Activity Vehicle retailer to the winning bidder after the trip to the Performance Center.

"With its legendary BMW performance, styling, luxury and technology, the X5 is a joy to drive on any road for any reason," said Tom Purves, Chairman and CEO of the BMW (US) Holding Corp. "We're thrilled to be auctioning the first customer-delivered X5 online and donating the proceeds to the Komen Foundation."

"We're excited to work with BMW of North America to make the first customer-delivered X5 available to the eBay community while uniting people to get involved in charitable giving," said Simon Rothman, vice president and general manager of eBay Automotive.

For further details on this charity auction, visit www.ebay.com or www.bmwusa.com.

About eBay
eBay (http://www.ebay.com/), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 3.0 million items listed for sale. More than 300,000 items are added daily in more than 2,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay launched its automotive category in August 1999, where people can buy and sell collector cars, general cars and any related items. On a daily basis, eBay has over 2,000 cars, 10,000 automotive parts, and 7,000 motorcycles for auction. Visit the eBay automotive page at http://pages.ebay.com/auto-index.html.

BMW In America
BMW entered the U.S. market in 1975. Since then, the company has grown to include marketing, sales and financial service organizations in the United States; a South Carolina manufacturing operation; a design firm in California; a technology office in Palo Alto and various other operations throughout the country. BMW is represented in the U.S. through a network of more than 340 automobile and 160 motorcycle retailers. BMW (US) Holding Corp., the Group's headquarters for North, Central and South America, is located in Woodcliff Lake, New Jersey.

Information about BMW products is available to consumers via the World Wide Web on the BMW homepage. The address is: http://www.bmwusa.com.

eBay Great Collections will be the World's Online Passport to Fine Collectibles

Eight World—Renowned Auction Houses Bring Fine Art and Rare Collectibles Online

SAN JOSE, Calif., September 21, 1999—eBay® (NASDAQ: EBAY; www.ebay.com) the world's leading person-to-person online trading community, announced in a letter to its 5.6 million members yesterday afternoon, plans to launch a new and much-anticipated category this fall — eBay Great Collections. This new area, accessible from eBay's homepage, will be devoted to fine antiques, art and rare collectibles offered and guaranteed by many of the world's great auction houses, galleries, and dealers.

"Our mission for eBay Great Collections is to make fine antiques, art and rare collectibles more accessible to people around the world-with no buyer's premium," said Steve Westly, eBay's vice president of eBay and general manager of Great Collections. "This new category will also expand the already extensive selection our site offers the eBay community and collecting enthusiasts."

eBay Great Collections will showcase fine antiques, art and rare collectibles from leading auction houses and dealers from around the world. Already eight leading auction houses have signed up to be part of eBay Great Collections, including:

Alibris, Emeryville, California
Bloomsbury, London, England
Butterfield & Butterfield, San Francisco, California
Dargate, Pittsburgh, Pennsylvania
Dorotheum Auction House, Vienna, Austria
Heritage Coin, Dallas, Texas
Greg Manning Auctions, New York, New York
Lawsons, Sydney, Australia

Featured categories on the eBay Great Collections site include: Books & Manuscripts; Coins, Stamps & Cards; Dolls & Toys; Fine Arts; Jewelry & Timepieces; Memorabilia; Native & Tribal Art; Natural History; and Rugs & Tapestries. Leveraging its relationships with international auction houses and dealers, the items featured in eBay Great Collections will have the same cache found in the traditional auction format.

eBay Great Collections will provide registered eBay buyers with the exciting opportunity to access products that are normally only available via the auction house floor. Registered eBay sellers are invited to apply to become a Great Collections dealer or may consign items to the auction houses to be sold on Great Collections.

eBay Great Collections will bring the excitement of the traditional art and auction world without the perceived formalities. eBay announced the new site to its community yesterday, stating: "Imagine buying a Picasso sketch without actually having to visit the gallery or auction house, which may be several hundred miles away."

"eBay Great Collections will open new doors to collecting for the eBay community, with leading auction houses and dealers bringing outstanding new categories of merchandise online and giving the community access to world-class expertise," said Steve Westly. "Also, with its large and expanding community of users, eBay gives auction houses and dealers a fantastic venue for showcasing-and selling-a large array of art and fine collectibles."

Participating auction houses and dealers will offer authentication services, manage their auction on eBay Great Collections and provide customer support to interested bidders via email. eBay's escrow, insurance and shipping services will also be available to users of the Great Collections site. The format of the auctions in Great Collections will be the same as eBay's.

Items offered through eBay Great Collections will come with the same guarantees auction houses traditionally provide in the offline world. All dealers will offer a five-year guarantee of authenticity, in addition to a thirty-day money-back guarantee that the item is as it was described.

Hundred-Day Countdown to Milleneum on eBay

It's not too late to plan a Y2K party or vacation with deals to be had on eBay

San Jose, CA, September 22, 1999—On eBay, visitors can find vacations, party tickets, New Year's restaurants for hire, performers for hire, and even wedding packages. eBay's community of nearly 6 million buyers and sellers are realizing that New Years 2000 is just around the corner, and eBay is the perfect place to look for that last-minute millennium deal.

Starting in mid-October, eBay will have its own special millennium destination, providing a place on the eBay site where users can find a wide variety of millennium offerings. eBay's millennium page will also celebrate history leading up to the millennium, capturing the spirit and importance of each decade of the 20th century.

Some of the upcoming unique Millennium items on eBay will include:

Millennium New Year's Eve Party at Left Bank Restaurant - Located in Menlo Park, CA, Left Bank will host a 'the party of the millennium' for 150 guests. Chef/owner Roland Passot will create a delectable multi-course feast. After dinner, guests can kick up their heels to the Deb Winters Band. All-inclusive decorations, hats, noisemakers, open bar, and of course French champagne. Starting bids $50,000. Net proceeds exceeding $45,000 to go to Menlo Park-Atherton Education Foundation.
"Wedding of the Millennium" at the Turtle Island Resort - Located in the Yasawa Islands of Fiji, this award winning 5-star resort will host nuptials that will make history - for the first wedding of the millennium, available to just one couple in the world. All-inclusive 10 nights accommodations, RT airfare from Los Angeles, meals and beverages, and all wedding and honeymoon activities. Starting bids $95,000. Half of net proceeds to fund the new hospital/medical clinic on Turtle Island.
ENTROS Y2K New Years Eve Party - San Francisco ENTROS in the heart of South Beach, and Seattle ENTROS on Lake Union feature playful, imaginative games for grown-ups. Offering a completely unique Y2K New Years Eve party venue, ENTROS will have a Southwest/Asian fusion cuisine, great music, a full-bar and festive happenings in their hip, cutting-edge facilities. San Francisco Magazine named ENTROS one of the best places to throw a party. San Francisco ENTROS holds up to 600 people; Seattle ENTROS holds up to 300. Starting bids for San Francisco: $35,000; starting bids for Seattle: $25,000.

"eBay is the perfect place to promote the ENTROS Y2K Millennium Parties," said Nasreen Wills, vice president of sales and marketing at ENTROS. "Our best customers are those who have fun playing and working in teams - a great match for eBay's person-to-person trading community."

"Part of the eBay experience is the discovery of unique, eclectic and hard-to-find items. What's hot right now on eBay is the millennium, be it tickets to a hip party, an unusual fancy dress costume or a wedding vacation," said Brian Swette, eBay's senior vice president of eBay U.S. "Thanks to our ever innovative community, eBay is becoming the hottest destination on the Web for the entire holiday season."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.6 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Introduces Platinum Visa Card

eBay Teams Up With First USA to Offer Convenient and Collectible Way to Pay

SAN JOSE, Calif. September 22, 1999—eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and First USA, the world's largest Visa credit card issuer, today announced the availability of the eBay Platinum Visa credit card. The eBay credit card is an ideal method of payment for both online and offline purchases and can be applied for online at http://card.ebay.com.

"The eBay credit card is a passport for collectors that allows them to travel throughout eBay and the offline world with special benefits and discounts," said Brian Swette, senior vice president of marketing at eBay. "We designed the card to celebrate the eBay community's passion for collecting and to simplify the trading experience for eBay's millions of users."

Benefits of the eBay Platinum Visa Credit card include:

Automatic payment, allowing card holders to have their monthly eBay invoices billed directly to their eBay Visa credit account. Card holders who file for automatic payment receive a one-time $10 credit towards their eBay account;
Two creative designs featuring either the eBay Apple-man character or the distinctive and colorful eBay logo, making the card a sure-fire future collectible;
Five percent discount on books and magazines published by Krause Publications, the world's leading hobby publisher. Krause offers 37 periodicals in 12 collectible and hobby fields, including the new eBay Magazine, and more than 500 books in those same fields. This offer is available only to eBay Visa card holders who order online at www.krause.com;
Five percent discount on tickets for eBay and Krause trade shows and on merchandise at the online eBay store (www.ebaygear.com) for purchases of $25 or more;
Choice of a free watch, featuring eBay's Apple-man character or an eBay retro-radio, after the completion of the first transaction using the card;
Online shopping guarantee that protects card holders' from unauthorized online transactions being charged to their account;
Quick and easy online application procedure that can have the customer conducting e-commerce transactions in minutes, if the applicant satisfies eligibility requirements.

The eBay Platinum Visa card also includes low introductory APR of 3.9 percent on purchases and balance transfers; travel accident insurance with coverage up to $1,000,000; auto rental collision insurance; emergency airline ticket replacement; and $3,000 lost luggage protection.

About First USA
First USA (www.firstusa.com), a subsidiary of Bank One Corporation, is the world's largest Visa credit card issuer. First USA offers credit cards for consumers and businesses under the First USA, First Card and Bank One names and on behalf of more than 2,200 marketing partners. Bank One Corporation is the nation's fifth largest bank holding company with assets of more than $256 billion.

About eBay
eBay (www.ebay.com), the world's personal trading community™,pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.6 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Carclub.com Teams Up with eBay to Provide Automotive Service for eBay Users

SAN FRANCISCO, August 3, 1999 — Carclub.com (www.carclub.com), one of the most comprehensive automotive destinations on and off the Internet, today announced an agreement with eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, under which carclub.com plans to develop an array of automotive-related service offerings for eBay community members.

Under the future program to be developed, eBay registered users would have direct access to carclub.com's vehicle inspection and warranty service. Registered users who want to buy or sell a car on eBay would be able to request a comprehensive vehicle inspection from one of carclub.com's nationwide certified technicians. Within one business day, carclub.com would dispatch an inspector to the customer's location of choice to perform a thorough examination of the vehicle's mechanical condition. Most vehicles that pass a carclub.com inspection will be eligible for a comprehensive used-car protection plan to be purchased via carclub.com to provide mechanical coverage intended to be comparable to a manufacturer's warranty on a new car.

"eBay is built on trust and we hope that carclub.com's inspection and breakdown protection programs will be able to give eBay users added assurance when buying a used car online," said Brian Swette, senior vice president of marketing for eBay. "Carclub.com's automobile services should provide an extra value in giving our users the confidence to buy, sell and trade automobiles on eBay."

"The opportunity for online auto trading, although very significant, has been largely untapped," said carclub.com CEO Michael London. "We expect that carclub.com's unique inspection process and other service offerings, combined with eBay's leadership in online person-to-person trading will give us the ability to create the number one auto trading destination on the Internet."

As part of the relationship, carclub.com is also expected to develop information pages on eBay which would provide access to carclub.com membership, comprehensive automotive information, additional products, and other resources to eBay members.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.4 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

About Carclub.com
Carclub.com is one of the most comprehensive and trusted sources of automotive information, products and services on or off the Internet. Unlike other automotive services that focus only on new car dealer referrals, carclub.com also assists consumers whether they are purchasing, financing, insuring, maintaining or selling their vehicles. Carclub.com is the only automotive destination to offer consumers the opportunity to use its full range of services both online and over the phone. Consumers can access carclub.com via its top-rated Web site (www.carclub.com) or by speaking with a customer service representative at 800-CARCLUB. Carclub.com's investors include First Union Corp (NYSE: FTU), Point West Capital Corp. (NASDAQ: PWCC), Signature Group and Advanta Corp (NASDAQ: ADVNA, ADVNB).

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors include the parties' abilities to develop, implement and integrate the services described herein, and other factors discussed in the "forward-looking information" or "risk factors" sections included in the companies' prospectuses, quarterly reports on Form 10-Q, and annual reports on Form 10-K.

eBay Announces Maynard Webb as President of eBay Technologies

SAN JOSE, Calf. August 9, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com) today announced the appointment of Maynard Webb as President of eBay Technologies to oversee all engineering and technical operations at eBay. Webb was Chief Information Officer and Senior Vice President at Gateway, Inc. (NYSE: GTW), a Fortune 250 leader in computing technology, where in the past year he has contributed to Gateway's rapid expansion and internet-enabled business operations.

"Maynard's reputation in information technology is highly regarded throughout the industry," said Meg Whitman, eBay CEO. "We are confident that he possesses the vision and hands-on experience to help ensure eBay's site stability moving forward and to help scale eBay's system for the future. We are thrilled that he is joining the eBay team."

As President of eBay Technologies, Webb is responsible for eBay's overall technology strategies, engineering, architecture and site operations. He will lead the recently hired executive engineering staff, including Mark Ryan, CTO, formerly of IBM and Bob Quinn, CIO, formerly of Sun Microsystems. Together they are charged with taking eBay's system to the next level, enabling eBay's future growth of its core business, global expansion and integration of new businesses.

For over twenty years, Webb has been a leader at companies that are changing the world of technology, including Bay Networks, Quantum, Thomas-Conrad and IBM.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.5 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. eBay is also engaged in the traditional auction business through its subsidiaries, Butterfield & Butterfield and Kruse International.

Batmobile from Original Batman TV Series Parks on eBay

eBay and Kruse International to Host Auburn Fall Car Collector Auction

SAN JOSE, Calf. August 9, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and Kruse International, one of the world's most respected and well established organizations in the collector automobile market, will host the 29^th annual Auburn Fall Collector Car Auction. Known as the world's first and largest collector car show and auction, the event will feature approximately 5,000 collector cars and host approximately 150,000 car enthusiasts. One of the main event attractions, the "Batmobile" from the original 1960s Batman TV series, will be up for auction on eBay.

"The Auburn Fall Collector Car Auction is one of the most exciting events of the year for car collecting enthusiasts," said Brian Swette, vice president and general manager of eBay's U.S. business. "We're happy to bring this auction to those car collectors who can't make the trip to Auburn, so they too can participate in the action."

The Auburn Fall Collector Car Auction will take place September 1 - 7, 1999 at the Kruse Auction Park in Auburn, Ind. Special auction segments will feature celebrity cars, muscle cars, vintage racecars, sports cars, and the world's largest offering of classic cars. The show will also include a Mopar show, swap meet, motor coach display, and collectibles auction. ESPN2 will conduct a live, 90-minute broadcast of the celebrity car auction.

Following are a few of the vehicles that will be featured at the Auburn Fall Car Collector Auction:

Batmobile from "Batman Forever"
"KITT," Pontiac Trans Am from "Knight Rider" TV series
Presidential parade car used by Eisenhower and Nixon
Michael Jordan's limousine
1992 Lola Conseco Indy Racer driven by four time Indy winner, Al Unser, Sr.
40^th anniversary edition 1980 Datsun 280 ZX, once owned by Jerry Lewis (auctioned in conjunction with the Jerry Lewis Telethon; a portion of the proceeds will benefit the Muscular Dystrophy Association)

"The eBay community is made up of people who are passionate about something — whether it's sports memorabilia, toys or cars," said Dean Kruse, chief executive officer of Kruse International. "We're excited that people all over the world who love cars as much as we do can take part in the Auburn Auction by logging onto eBay."

More information about the Auburn Fall Car Collector Auction can be found on the Internet at www.kruseinternational.com or by contacting Kruse International directly at 800-968-4444.

eBay acquired Kruse International in May 1999 and has plans to launch a new automotive category in the fall of 1999. Due to the organic growth of car sales and the demand by the eBay community to buy and sell cars on the site, sellers are now listing vehicles on eBay at a current rate of approximately 1500 per week or 18,000 per quarter. This represents growth of 40 percent per month since the fourth quarter 1998.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.4 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. eBay is also engaged in the traditional auction business through its subsidiaries, Butterfield & Butterfield and Kruse International.

eBay Announces Christie's Executive to Head Butterfield & Butterfield Marketing

SAN JOSE, Calf. August 9, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com) today announced the appointment of Patrick Meade as Senior Vice President, Marketing and Business Development to oversee marketing and product acquisition at Butterfield & Butterfield, one of the world's oldest and largest auction houses.

Meade was formerly Senior Vice President at Christie's, Inc., the 232-year-old New York auction house. Meade was a member of the company's Internet strategy committee. His eight-year tenure at Christie's included a variety of positions, including President, Christie's East and head of the Decorative Arts Department.

"We are honored to have Patrick, one of the most respected auction house executives in the world, join the Butterfield & Butterfield-eBay team," said Steve Westly, eBay's vice president and general manager of eBay's premium business. "This announcement signals a shift within the traditional auction world. The Internet is clearly changing the shape of the auction industry and eBay will play a major role in making premium auctions more accessible to people around the world."

Among his new responsibilities at Butterfield & Butterfield, Meade will be instrumental in overseeing the launch of eBay's online premium trading business.

In April 1999, eBay acquired Butterfield & Butterfield. Together the companies will launch a new trading business on the eBay Web site that will feature premium auctions of antiques, fine art and collectibles from around the world. The premium category, supported by an international network of auction houses, is expected to be introduced in the Fall of 1999.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.5 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. eBay is also engaged in the traditional auction business through its subsidiaries, Butterfield & Butterfield and Kruse International.

Bids Help Kids Charity Auctions Debut at the Hollywood Film Festival

— Jack Lemmon To Receive 1999 Hollywood Lifetime Achievement Award and Auction His Handprints on eBay —

Los Angeles, Calf. August 9, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and the Entertainment Industry Foundation (EIF) have combined efforts to benefit children in Los Angeles and around the world. Thanks to Bids Help Kids™, a program launching today, auction proceeds from one-of-a-kind celebrity-donated items like movie memorabilia, autographed scripts, sports collectibles and other Hollywood treasures will be donated to children in need through EIF's children's charities, the American Red Cross and eBay.

Bids Help Kids will kick off today as part of the Hollywood Film Festival's gala celebration honoring Jack Lemmon at the Beverly Hilton in Los Angeles. Lemmon, who will receive the Hollywood Lifetime Achievement Award at the event, once again made an imprint of his hands as he did in 1963 at Hollywood's Chinese Theatre. This time, his handprints and signature will be auctioned off on eBay as part of the Bids Help Kids campaign, making it possible for fans of the Oscar-winning actor to own a piece of Hollywood history while raising money for charity. Other 1999 Hollywood Film Festival Honorees include, among others: actor James Caan; director John Schlesinger; and the Mayor of Hollywood, Johnny Grant, who will be recognized for his community service.

For the next seven weeks through Sept. 26, Bids Help Kids charity auctions can be found on eBay at www.ebay.com/bidshelpkids. Just some of the more than 100 celebrity items to be auctioned for Bids Help Kids include: a two-hour behind-the-scenes tour of "The Young and The Restless;" diamond-studded Ray-Bans® worn by Sigourney Weaver to the 1998 Academy Awards®; a "Titanic" script signed by Leonardo DiCaprio; a suit worn by Annette Bening in "American President;" six signed ties worn by Jay Leno on "The Tonight Show;" a tennis racket signed by Andre Agassi; a pair of Gucci heels signed by Cindy Crawford; and Tom Jones autographed Tony Lama® boots.

"The Entertainment Industry Foundation is thrilled with this first partnership with eBay to help assist kids in crisis throughout the world," stated EIF President Lisa Paulsen. "With the help of over 100 entertainment stars, we hope to make this a very special and glamorous auction to support humanitarian efforts."

Carlos de Abreu, president and founder of the Hollywood Film Festival added, "EIF reflects the great charitable heart of Hollywood, and the Hollywood Film Festival is proud to be part of the organization's tradition of addressing humanitarian needs. Beginning this year we will start a new tradition for the Hollywood Film Festival by auctioning off items from our annual honorees for charity."

"eBay and EIF have united with the entertainment community through Bids Help Kids to help make a difference in the lives of children in need," said Reed Maltzman, director of eBay's regional business. "We're proud to be a part of this special night honoring Jack Lemmon, and couldn't think of a better place to launch our first regional service, eBay LA, than in the entertainment capital of the world at the Hollywood Film Festival."

Introduced in April 1999, eBay LA (www.ebay.com/la) makes it easy for local buyers and sellers to auction items that are too bulky, costly or delicate to ship. From surfboards, boats and cars to movie memorabilia, furniture and exercise equipment, Southern Californians can search and browse for items by geographic location and even arrange to "test drive" an item before purchasing. After winning an auction, eBay LA gives the community members the option of picking up the item, based on mutual buyer/seller agreement, to avoid shipping charges.

Since April, items sold on eBay by sellers from the Los Angeles area have increased from 4.6 percent to 5.8 percent as a percentage of total items listed. The average selling price of items sold in Los Angeles has increased 22 percent since the launch date.

About EIF
Samuel Goldwyn founded the Entertainment Industry Foundation in 1942. Then called the Motion Picture Charities Committee, Goldwyn's goal was to create an organization that would conduct a single unified campaign for all of the charitable giving within the industry. Fifty-seven years later, The Entertainment Industry Foundation is still the heart and soul of the industry. It has maintained its historical commitment to coordinate the philanthropy of the entertainment industry to achieve maximum social impact in the community thanks to the generosity of the people who work in the industry. Over the years, The Foundation has distributed more than $140 million raised by industry members to charitable organizations.

About the Hollywood Film Festival
The Hollywood Film Festival, in only its third year, has become one of the most successful celebrations of cinema, honoring leading artists and filmmakers and discovering new talents with its competition program.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.5 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. eBay is also engaged in the traditional auction business through its subsidiaries, Butterfield & Butterfield and Kruse International.

Forty Years of Barbie® Doll History! Now That's Something to Chat About

eBay Introduces New Barbie™ Bulletin Board

SAN JOSE, Calf. August 10, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, introduced a new Barbie™ Bulletin Board authorized by Mattel, Inc. Just in time for the 40^th anniversary of Barbie, the bulletin board provides a place for Barbie® doll enthusiasts to come together and chat. The Barbie™ Bulletin Board is accessible from eBay's Doll category index page or at http://cgi1.ebay.com/aw-cgi/eBayISAPI.dll?ViewBoard&name=barbie.

"Collectors from around the world come to eBay to find all types of Barbie® memorabilia, from vintage Ken® dolls to the Millennium Princess™ Barbie. In fact, more than 12,000 Barbie® auctions are happening right now on eBay," said Jill Finlayson, marketing manager for the Dolls, Toys and Bean Bag Plush categories on eBay. "We introduced the Barbie™ Bulletin Board for Barbie® collectors to make pursuing their passion even easier and more fun."

A strong community of doll enthusiasts has flourished on eBay. The new Barbie™ Bulletin Board enables Barbie fans to have their own area for focused discussions on Barbie®. With a knowledgeable community of collectors, those just beginning their collections can now more easily find someone who can answer their questions about both vintage and contemporary Barbie® dolls. The bulletin board also provides Barbie® enthusiasts their own place to share stories about their latest finds, the value of their dolls and their favorite Barbie® collecting experiences.

As a major sponsor, eBay was present at the 1999 National Barbie™ Convention, that took place August 4 - 7, 1999 in Pittsburgh, Penn. Hosted by the Western Pennsylvania Doll Club, the convention attracted approximately 900 attendees (CONFIRM ATTENDANCE).

"We were excited to have eBay at the National Barbie™ Convention, as eBay has proven to be an extraordinary resource for Barbieâ collectors," said Nancy Parsons, chairperson of the National Barbie™ Convention. "eBay is an ideal place for the Barbie® collecting community to come together to not only trade, but meet others with similar interests, chat and see what's new in the world of Barbie®."

eBay user Janice Kadan of Woodbourne, New York has been collecting vintage Barbie® dolls for several years. After a few years of extensively searching garage sales and flea markets for some items missing from her collection, she came across eBay and was able to find exactly what she was searching for.

"My life became so much easier and my Barbie® collection so much larger since I began using eBay," said Janice. "eBay opened up a new world for me. What took me three years to collect, I could have found in one day on eBay. My transactions on eBay have been so successful that I now trade on the site full-time, and I recently bought a new house and car with the help of the profits I made on eBay."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.5 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys. eBay is also engaged in the traditional auction business through its subsidiaries, Butterfield & Butterfield and Kruse International.

Wherever You Go, Take "eBay a-go-go"

Now available, pagers that allow eBay users to check their auctions while on-the-go

SAN JOSE, Calif. and JACKSON, Miss., August 16, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and SkyTel Communications Inc. (NASDAQ: SKYT; www.skytel.com) announced today the availability of two new eBay-branded pagers from SkyTel featuring "eBay a-go-go™," a new service that allows users to receive updates on their eBay auctions via pagers. "eBay a-go-go" and the eBay pagers can be ordered online at www.skytel.com/ebay, which is also accessible from links and banners on www.ebay.com.

"'eBay a-go-go' allows our community members to receive information on their auctions wherever that person might be," said Brian Swette, senior vice president of marketing at eBay. "Users no longer need to be tied to their computers to find out if they have won that antique vase that would be the perfect addition to their 18th century vase collection."

One of the two new pagers, manufactured by Cirkisys, is offered in the vibrant eBay colors of red, yellow, and blue, features the eBay logo, and is available for $75. The second is a Wordline FLX by Motorola, a black pager that features the eBay logo. Both pagers function as regular SkyTel pagers, and include activation and six months of service (2,000 message units).

"eBay a-go-go" is a service available on the new pagers and can be added to any wireless device capable of receiving text messages and that has an Internet email address. The "eBay a-go-go" service sends alerts to eBay users when they have won an item, been outbid on an auction or sold an item on eBay. Users will also be able to receive broadcast messages from eBay about events and features.

"We are pleased to offer this revolutionary service to the eBay community," said Kerry McKelvey, SkyTel's vice president for marketing. "The eBay pager is the ultimate tool for users who want to stay updated on their auctions while going about their daily lives. eBay users now have the ability to be updated on the status of their auctions while grocery shopping, working or playing golf."

About SkyTel
SkyTel Communications, Inc. is a leader in wireless messaging, serving more than 1.7 million customers. Since 1989, SkyTel has led the industry toward true nationwide messaging through a series of innovations that culminated in SkyTel two-way interactive messaging service. This enables customers to exchange messages with the Internet and other pagers, receive messages via email and the Internet, and send messages to any telephone in the United States. SkyTel is headquartered in Jackson, Miss., and had 1998 revenue of $518 million. On May 28, 1999, SkyTel and MCI WorldCom announced that a definitive agreement to merge the two companies had been signed. The merger is currently awaiting regulatory and shareholder approval.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.5 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Drives Into Automotive Category

New General and Collector Automotive Areas Brought Online with Kruse International

SAN JOSE, Calif. August 20, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the launch of a new Automotive category, in conjunction with subsidiary Kruse International, one of the world's most respected organizations in the collector automobile market. The new automotive area features sub-categories for cars, parts, RVs, trucks, motorcycles and introduces "The Showroom," an area dedicated to the collector car enthusiast.

The new automotive area debuts as eBay and Kruse host the 29th annual Auburn Fall Collector Car Auction, which takes place September 1 - 7, 1999 at the Kruse Auction Park in Auburn, Ind. The world's first and largest collector car show and auction, the event will feature more than 5,000 collector cars and motorcycles.

"Cars are bought and sold everyday on eBay and now we have a dedicated area for people who are passionate about collecting cars or are looking for an efficient way to buy or sell a vehicle," said Brian Swette, senior vice president of marketing at eBay. "Whether you're interested in a 1969 Jaguar XKE Roadster or a 1995 Ford Explorer, eBay is now the best place to go online."

eBay's automotive section provides information on how to buy and sell a car online and is designed to be quick, convenient and hassle-free.

The "eBay Showroom" provides an interactive experience for avid collectors who like to spend time browsing and admiring collectible vehicles and rare accessories. The showroom provides online tips on buying and selling collector cars. Special car chats enable users to get advice from experts at Kruse, and bulletin boards help car collectors meet and swap car stories with others. A feedback feature allows users to voice their opinions of the site, and information about upcoming events is available on the automotive calendar.

eBay's automotive area also offers the Gallery, a feature that enables users to browse items up for auction in a series of pictures rather than text; Personal Shopper, which provides customized searches of items up for auction and notifies users via email when items of interest become available; and Featured Auctions, which highlight specific auctions in each category.

Due to the demand by the eBay community to buy and sell automobiles on the site, sellers are now listing vehicles on eBay at a current rate of approximately 1,500 per week or 18,000 per quarter. This represents growth of 40 percent per month since the fourth quarter 1998.

Currently, there are more than 25,000 listings on eBay's automotive area, including:

President Lyndon Baines Johnson's personal 1964 Lincoln Continental Convertible, in immaculate condition with less than 2,000 miles on the clock
Rare Triumph TR3A with its original car invoice showing it was delivered new in Arlington, Virginia on April the 5th, 1962
1988 Electric Ford EVcort, professionally converted for the U.S. Department of Energy by the SOLEQ Corporation, Chicago, IL
1995 Geo Metro, in tropical green — a perfect commuter car;
1991 Harley-Davidson special construction with 39mm front end, dual disc brakes, all braided line hoses, cherry condition and ready to race
New Audi TT Quattro, with only 600 miles and rare blue leather interior

eBay has brought the new automotive area online with the help of Kruse International, who has a passionate collector and dealer customer base of over 400,000.

"eBay and Kruse have created an outstanding Internet experience for anyone interested in buying or selling a vehicle," said Dean Kruse, chief executive officer of Kruse International. "At Kruse we're particularly happy that car enthusiasts now have a place on the Internet where they can experience the excitement of car collector auctions every day of the year."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.6 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay and AOL Launch Co-Branded Site

DULLES, VA and SAN JOSE, CA August 31, 1999 — eBay® eBay, Inc. (NYSE: EBAY), the world's largest online person-to-person trading community and America Online, Inc. (NYSE: AOL), the world's leading interactive services community, today announced the launch of the eBay and America Online co-branded site. The new area is designed to provide AOL members unequaled access to eBay's popular commerce and community site presented in a familiar AOL format.

The co-branded eBay site, which will be available to AOL members beginning today, August 31, will be prominently promoted across several AOL Channels and make it easier than ever for AOL members to find their way to eBay. The co-branded site will welcome AOL members to eBay's dynamic marketplace, while maintaining AOL's familiar context and navigation. The launch marks the latest in a series of joint efforts between the two companies that dates back to December 1997.

"The co-branded site will make access to eBay much easier for AOL's more than 18 million members," said Steve Westly, eBay's vice president of marketing and business development. "Together, AOL and eBay will make it easier than ever for AOL members to experience first-hand the thrill and excitement of person-to-person trading, with the familiar look and feel of AOL."

"We're delighted to launch this new site with eBay," said Jonathan Sacks, AOL's Senior Vice President and General Manager. "The new co-branded AOL/eBay site will enhance the AOL member experience by offering easier access to the world's leading person-to-person online trading community and offering AOL members a great reason to join the fun and adventure that eBay offers."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.6 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

About AOL
Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 18 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ, AOL Instant Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation's # 1 movie listing guide and ticketing service; and Spinner Networks and NullSoft, Inc., leaders in Internet music. Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy.

eBay Hits Newsstands and Bookstores

eBay Magazine, Official eBay Guide and eBay For Dummies Available Soon

SAN JOSE, Calif., July 8, 1999 — Internet and collecting enthusiasts will soon be able to enjoy learning more about trading on the Internet and eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, not only online, but offline too. eBay is introducing its new publication, eBay Magazine, and two books, The Official eBay™ Guide to Buying, Selling, and Collecting Just About Anything and eBay for Dummies®. These new publications appeal to the collecting spirit, provide a wealth of information about the 'ins and outs' of trading on eBay, and present opportunities in the powerful world of e-commerce.

eBay Magazine, a new lifestyle publication, debuts in August and is being published by Krause Publications, the world's largest hobby publisher. Simon & Schuster's Trade Paperback group's Fireside Books imprint is publishing The Official eBay™ Guide to Buying, Selling, and Collecting Just About Anything, by Laura Fisher Kaiser and Michael Kaiser, in November. IDG Books Worldwide, publisher of the ...For Dummies reference book series, is publishing eBay for Dummies®, available in August.

"Over the past four years, a unique culture and community has formed on eBay. Millions of consumers worldwide come together daily on eBay to trade items of interest, make a living, and meet other collectors," said Brian Swette, senior vice president of marketing at eBay. "eBay has become a part of people's lives. We're excited to now offer people new ways to experience eBay in the offline world."

eBay Magazine, geared towards collecting consumers, will feature the latest trends in collecting, pop culture and the Internet. It will contain the latest news in collectibles, e-commerce, person-to-person trading, online entertainment and new technologies that impact the world of online trading. The magazine will provide tips on how to buy, sell, invest and collect online. eBay Magazine will also report on the collecting habits of celebrities.

In addition, to make it even more appealing, eBay is offering a limited opportunity to become a charter member. Charter subscriptions are now available for 25 percent off the normal subscription for a low $14.99 for 12 issues now through August 8 at www.ebay.com or by calling 888-486-5478. Charter subscribers will also receive a special, limited edition collectible version of the eBay Magazine debut covers and magazine copies that are individually numbered, adding to their collectibility.

"People come to eBay to pursue their passions," continued Swette. "The eBay Magazine and The Official eBay Guide and eBay For Dummies will be resourceful and entertaining for the avid and novice collector."

The Official eBay™ Guide to Buying, Selling, and Collecting Just About Anything, the only authorized book from eBay on collecting, features an introduction by Pierre Omidyar, eBay's founder and chairman, who tells eBay's inside story, its philosophy and how it began. This how-to book reveals trade secrets about how to successfully collect, buy and sell online for the beginner and the seasoned professional. Dozens of real-life stories illustrate the eBay experience. The book also offers tips for finding treasures and explains eBay's programs and policies. The first 100,000 copies will be available in November for a suggested retail price of $13.

eBay For Dummies introduces readers to the pleasures of finding elusive collectibles online. The book shows how to make savvy bids using the author's buying tips and tricks, how to improve your selling techniques with hints on image editing, pricing and marketing and how to research, comparison shop, and place winning bids. Author Roland Woerner, an NBC News producer and writer by day and eBay addict helps readers become effective eBay traders with real world tips and examples. The book will be available in August for a suggested retail price of $19.99.

About Krause Publications
Krause Publications is the world's largest hobby publisher. Coin collector Chet Krause founded Krause Publications in 1952 when he launched a trader publication titled "Numismatic News." Today, Krause publishes 37 periodicals in 12 collectible and hobby fields and offers more than 500 books covering the same topics. More than 100 new books are published by Krause each year. Krause Publications, an employee-owned firm since 1988, has been named employee-owned company of the year at both state and national levels.

About Simon & Schuster
Simon & Schuster, the publishing operation of Viacom, Inc., is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed and multi-media formats. Its divisions include Simon & Schuster Trade Publishing, Pocket Books, Simon & Schuster Children's Publishing, Simon & Schuster New Media, Simon & Schuster online, Simon & Schuster U.K. and Simon & Schuster Australia. For more information about Simon & Schuster visit their Web site at http://www.simonsays.com.

About IDG Books Worldwide, Inc.
IDG Books Worldwide, Inc. ("IDGB") headquartered in Foster City, Calif., is a leading global knowledge company featuring a diverse portfolio of technology, business and how-to books and computer-based learning tools, including the best-selling ...For Dummies®, ...Secrets®, Teach Yourself®, 3-D Visual® and Cliffs Notes™ brands. IDGB has more than 1000 active titles plus translations in 36 languages around the world.

More information about IDGB is available from the company's SEC filings (Nasdaq: IDGB) or by visiting its World Wide Web site, http://www.idgbooks.com. Information about our ...For Dummies® and Cliffs Notes™ brands can also be found at http://www.dummies.com and http://www.cliffs.com. IDGB is a subsidiary of International Data Group, Inc. a leading global provider of information technology media, research, conferences and expositions.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users. Currently, there are more than 2.2 million items listed for sale. More than 250,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Collectors Universe Expand Services for eBay to Include Autographed Memorabilia Certification

SAN JOSE, CALIF. July 14, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the expansion of its relationship with Collectors Universe, the leading third-party autograph certification company, to include expert certification for autographed memorabilia, and continue eBay's commitment to providing its users with services and tools to ensure safe online person-to-person trading.

In April 1999, eBay announced its relationship with Collectors Universe with the introduction of expert authentication and grading for trading cards and coins through Collectors Universe subsidiaries, Professional Sports Authenticator (PSA) and Professional Coin Grading Service (PCGS). After the positive response by the eBay community to authentication by PSA and PCGS, the addition of PSA/DNA to the lineup further emphasizes eBay's commitment to the secure trading of collectibles.

"eBay is committed to providing its community the services and tools to ensure the safest online person-to-person trading," said Steve Westly, vice president of marketing and business development for eBay. "We recognize Collectors Universe as respected leaders in their field and we're proud to continue our relationship and expand their offerings to our community."

Certification submission forms are accessible from the co-branded eBay and PSA/DNA site beginning July 12 at http://www.PSADNA.com/eBay. Information on the certification services for autographed memorabilia will also be available at http://pages.ebay.com/help/community/auth-autographs.html and from individual category homepages.

"Collectors Universe is proud to be a part of this new initiative to help buyers and sellers achieve peace of mind in sight-unseen trading of vintage sports collectibles," said Louis M. Crain, president and CEO of Collectors Universe. "Assurance as to the authenticity of an item will not only help to promote the sale and the value of memorabilia, it will also increase the enjoyment that comes with owning a piece of sports history."

eBay sellers will receive a 10 percent rebate from PSA/DNA through August 31. When autographed items are submitted to PSA/DNA, they are examined by at least three of the world's leading autograph experts. After they have been certified by PSA/DNA, collectors can be confident that the industry's top experts are convinced their autographs are authentic. PSA/DNA tags each item using state-of-the-art technology to protect autographed collectibles. Besides the tamper-evident label, serial number, and Certificate of Authenticity, PSA/DNA's multi-level security system uses a proprietary synthetic DNA that is permanent, invisible, non-damaging and non-transferable.

The process for sellers starts by sending an item or items to PSA/DNA for certification. The fee for each item will vary depending on value of item submitted. Once certified, the certification information is immediately accessible by visiting the PSA/DNA website at www.CollectorsUniverse.com or by calling PSA/DNA directly. The technology used by PSA/DNA virtually eliminates the problem of counterfeits and allows items to be verified every time they change hands. The synthetic DNA used to tag each item can only be viewed using a specially calibrated infrared laser.

"eBay's new autograph authentication capabilities give me the convenience and confidence to maximize my buying and selling opportunities of autographed memorabilia," said Mark Maron, owner of Animation Art Ltd, who sells animation and autographed sports memorabilia on eBay. "I am pleased with the solutions that eBay is offering to help me trade. I plan to use this service as much as possible."

About Collectors Universe

PSA/DNA is a state-of-the-art autograph authentication service developed by Professional Sports Authenticator (PSA) of Newport Beach, California. PSA/DNA has authenticated many historic sports autographs and collectibles, including Mark McGwire's record-breaking #70 Home run ball and Hank Aaron's 715th Home run ball and bat. PSA/DNA is a division of Collectors Universe. Collectors Universe is the world's largest provider of collectibles grading and authentication services. Divisions of Collectors Universe include: Professional Sports Authenticator (PSA), the world's largest sportscard grading service, currently grading over 120,000 sportscards per month; and Professional Coin Grading Service (PCGS), the world's leading rare coin grading service. PCGS has graded 5,750,841 coins with a declared value of $8,419,242,147 during the past 12 years.

About eBay

eBay (www.eBay.com), the world's personal trading community (TM), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users. Currently, there are more than 2.3 million items listed for sale. More than 250,000 items are added daily in more than 1,600 categories, including: antiques, books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

The eBay From Our Home Page To Your Hometown Tour Hits the Road This Summer

eBay Vehicles Cruise the Country to Bring The Exciting World of e-Commerce To Life

SAN JOSE, Calf. July 28, 1999 — eBay® (NASDAQ: EBAY; www.ebay.com), the world’s leading person-to-person online trading community, announced a nationwide, interactive tour hitting the road this summer called "From Our Home Page to Your Hometown." Visiting more than 30 communities across America, the tour is providing people with the opportunity to get up close and personal with the Internet’s popular person-to-person trading site.

"We’re hitting the highway this summer to reach out to our community and bring eBay into local communities to show people how easy and fun it is to buy and sell online," said Brian Swette, senior vice president of marketing and international at eBay. "Millions of people use eBay to trade almost anything you can imagine, but there are still many people who have not experienced online trading first-hand."

eBay guides are crisscrossing the country in two Fleetwood RVs, visiting local community events to demonstrate the ease and power of bidding, buying and selling online. The on-site eBay guides introduce first-timers to the auction process and demonstrate how to buy and sell effectively online. They also provide helpful tips on how to tailor searches for maximum results, including how to use special eBay features, such as Personal Shopper, My eBay and About Me.

The eBay RVs, which roll in at more than 30 feet in length, bring the eBay community spirit to life with its dramatic visual displays, including larger-than-life pictures of items traded from some of the most popular categories on eBay, including a giant green Tyrannosaurus Rex and vintage lava lamps. The 20-by-30-foot eBay blimp soars overhead at events identifying the eBay Tour location. Both eBay RV’s are fully equipped to provide direct access to eBay.

"This is a great opportunity to meet and speak directly with our users who are already trading on eBay and the many others who may want to be part of this growing community," said Forrest Marsh, eBay Tour coordinator. "We hear regularly from users how the Internet has helped change their lives, and we want to make that a reality for even more people."

The eBay "From Our Home Page to Your Hometown" tour will visit local community events in more than 30 cities coast-to-coast, including:

— NASCAR, Indianapolis, Ind., August 5 - 7

— Football Hall of Fame, Canton, Ohio, August 6 - 10

— Elvis Week at Graceland, Memphis, Tenn., August 12 - 15

— Kruse International, Indianapolis, Ind., September 3 - 6

For a complete listing of events, log on to www.ebay.com. In addition to tour stops, eBay will feature weekly updates on hot happenings at the tour events from the eBay Tour crew.

About eBay

eBay (www.ebay.com), the world’s personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 5.6 million registered users. Currently, there are more than 2.4 million items listed for sale. More than 300,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Collecting Channel to Serve as Lead Content Partner for eBay

NORFOLK, VA, June 6, 1999 - The Collecting Channel (www.collectingchannel.com) today announced it has reached an agreement with eBay® to provide collecting-related information on the eBay website.

eBay users are expected to have access to the new content from within eBay's "Inside Scoop" and "Front Page News" areas throughout each of eBay's major categories such as antiques, coins, stamps, and other special areas.

The first in a series of category content launches provided by the Collecting Channel is currently available on eBay's new "Star Wars® Stuff" category page at http://pages.ebay.com/starwars/.

"As millions of fans head to the theaters to see 'Star Wars Episode I - The Phantom Menace,' they can also access timely information about Star Wars memorabilia collecting from 'Inside Scoop' on eBay," said Barry Friedman, CEO of Collecting Channel. "The Collecting Channel is thrilled to partner with the leading person-to-person online trading site, and provide a resource for eBay users to connect to collecting news online."

The Collecting Channel will serve as the leading source of online collector content for eBay's website. The Collecting Channel draws upon extensive internal content resources spanning virtually every collecting interest from its team of outstanding experts in key areas, in addition to dozens of leading specialized sources collectively called the "Friends of the Collecting Channel."

"Thanks to the Collecting Channel, we hope to provide the eBay community with even more collector resources," said Steve Westly, vice president of marketing and business development of eBay. "We believe that offering access to the latest collecting information by the Collecting Channel will enhance the user experience and give yet another great reason to trade on eBay."

About ChannelSpace Entertainment, Inc.
ChannelSpace Entertainment, Inc. (www.channelspace.com), is a provider of affinity portals and original niche-based programming for Internet content aggregators. This groundbreaking model addresses the question: how do you reach more eyeballs? CSEI's cableTV-like model creates opportunities to leverage and package its own high-level audio/video assets as well as that of existing content providers to increase overall market strength and visibility. The CSEI goal is to be a platform-independent source of enhanced, customized channels to content aggregators of all media forms. CSEI's distributed technology engine enables the company to launch new channels at a rapid pace.

The CollectingChannel (www.collectingchannel.com), CSEI's first affinity portal, offers the most complete aggregation of collecting-related content ever available in the history of the Web. As it continues to add more content and programming, the CollectingChannel will deliver the Web's most complete, up-to-the-minute, original audio/video programming, chat, auctions, books, price guides, expert opinions, software, links, magazines, live video conferencing, news, articles and community catering to any and every conceivable collectible category.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site in an auction format on the Web that is available 24 hours a day, 7 days a week. eBay has more than 3.8 million registered users. Currently, there are more than two million items listed for sale. More than 250,000 new items are added daily, in more than 1,600 categories, including: antiques; books, movies, and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Acquires Germany's Leading Online Person-To-Person Trading Site -- alando.de AG

BERLIN, SAN JOSE, Calif. June 22, 1999 - eBay ® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the acquisition of alando.de AG (www.alando.de) -- Germany's largest online trading company.

"alando.de and eBay share a common goal of bringing the best online trading experience to the Internet," said Pierre Omidyar, eBay's founder and chairman. "The acquisition of alando.de will accelerate eBay's vision of creating a passionate, vibrant and loyal global trading community and we look forward to building an outstanding site for Germany's 10 million Internet users."

"Although alando.de has quickly established itself as Germany's leading online trading company, the prospect of joining up with a global partner as successful as eBay was just too exciting," said Alexander Samwer, co-founder and spokesman for alando.de. "Together the alando.de and eBay team will provide the German Internet community with a truly great service."

alando.de's venture capital firm, Wellington Venture Partners, welcomed the acquisition.

"This is a great opportunity for alando.de to build on its lead in the German market," said Frank Boehnke, managing director at Wellington Venture Partners.

Since its launch in March 1999, alando.de has established itself as Germany's leading online person-to-person trading company, with more than 500 categories, over 80,000 listed items and more than 50,000 registered members. alando.de will continue to operate under its current URL (www.alando.de) and company name until later this year when it will transition to a new web address (www.ebay.de), giving German users access to eBay's worldwide community of active buyers and sellers.

Details of the acquisition were not disclosed. eBay expects that the transaction will be dilutive during the remainder of 1999 and eBay may recognize certain one-time expenses related to the transaction in the second quarter.

eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site in an auction format on the Web that is available 24 hours a day, 7 days a week. eBay has more than 3.8 million registered users. Currently, there are over 2.2 million items listed for sale. More than 250,000 new items are added daily, in more than 1,600 categories, including: antiques; books, movies, and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors include eBay's ability to integrate this acquisition, uncertainties related to operating a person-to-person trading site under the laws of foreign jurisdictions and other factors discussed in the "forward-looking information" or "risk factors" sections included in the companies' prospectuses, quarterly reports on Form 10-Q, and annual reports on Form 10-K.

eBay Magazine Offers More Great Reasons To Shop Online

Charter Subscriptions Available on www.ebay.com
Magazine Debuts in August 1999

SAN JOSE, Calif. June 23, 1999 - eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced it will make charter subscriptions available for its new lifestyle publication, eBay Magazine. The magazine, being published by Krause Publications, the world's largest hobby publisher, is expected to ship to subscribers in mid August. eBay enthusiasts can sign up for charter subscriptions now through August 8 at www.ebay.com.

Charter subscribers will receive a savings of 25 percent off the normal subscription rate of $19.99 for a total cost of $14.99 for 12 issues, which is also more than $30 off the newsstand price. Along with a low entry price, other benefits include:

A special, limited edition collectible version of the eBay Magazine debut cover
Charter subscriber copies will be individually numbered, adding to their collectibility

Charter subscriptions for the new eBay Magazine are also available by calling 888-486-5478.

"We are taking the eBay phenomenon and expanding its reach through more traditional outlets," said Steve Westly, vice president of marketing and business development at eBay. "eBay Magazine will offer the millions of consumers who log onto the Internet with helpful information about online trading as well as other hot Internet—and collecting—related topics."

Each month, eBay Magazine will provide the latest news in collectibles, e-commerce and person-to-person trading. It will celebrate the collecting lifestyle by offering tips on how to buy, sell, invest and collect online. Readers will learn about celebrities' collecting interests and the newest trends in collecting, pop culture and the Internet, with advice from experts in all types of fields. The magazine will also keep readers informed about online entertainment news and cutting-edge technology advances and how these innovations can make it easier for people to buy and sell online. An e-commerce section will report on issues from Internet IPOs to what's hot on the Web.

"Everyone has a special interest in life. The content of eBay Magazine will be crafted by its readers and their passions," said Jim Gleim, executive publisher of Krause Publications. "As eBay's diverse community of collecting enthusiasts continues to grow, eBay Magazine will provide a comprehensive look at the many areas that interest them."

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users. Currently, there are more than 2.2 million items listed for sale. More than 250,000 items are added daily in more than 1,600 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Announces Agreement To Acquire Payment Enabler

SAN JOSE, Calif., May 18,1999 - eBay Inc.® (NASDAQ:EBAY; www.ebay.com) today unveiled plans to make it easier for its nearly four million members to buy and sell online. The world's largest online person-to-person trading community announced it will purchase Billpoint, Inc. Billpoint, located in Redwood City, California, facilitates person-to-person credit card payment over the Internet.

"We are committed to providing the eBay community with the simplest and easiest way to trade online," said Meg Whitman, president and chief executive officer of eBay. "Streamlining person-to-person trading is a core part of our strategy and Billpoint will offer shoppers a convenient and easy-to-use payment solution that will serve the needs of the eBay community at large."

"eBay is a recognized leader in person-to-person commerce," said Hope X. Chen, Billpoint's co-ceo and chief operating officer. "Billpoint will simplify auctions by making payments a seamless and integrated part of the trading experience."

As the pioneering online person-to-person payment enabler, Billpoint will eliminate the difficulties of dealing with paper checks and money orders. Sellers will use Billpoint to instantly accept credit cards and other forms of payment online. Buyers will use Billpoint to "buy with peace of mind." Billpoint plans to make its services available to other e-commerce sites and to individuals across the Internet.

eBay said that the agreement to purchase Billpoint and the purchase of Kruse International, a second transaction announced today, will together result in the issuance of eBay common stock worth approximately $275 million. Both will be accounted for as pooling of interest transactions. The number of shares to be issued in the transactions will be determined by a formula involving the average share price of eBay common stock during a period prior to the closing of the transactions. eBay expects that the transactions may be slightly dilutive during the remainder of 1999. Closing is subject to certain conditions, and eBay may recognize certain one-time expenses related to the transactions in the second quarter. Both transactions are expected to close during the second quarter of 1999.

Forward Looking Statement
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the closing of this transaction. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, stock price movements, the Company's ability to integrate these new businesses and all of the factors that may influence future business and financial results, including those set forth in the Company's Form 10-K for the period ended December 31, 1998, its form 10-Q for the period ended March 31, 1999 and the Company's prospectus on Form S-1 dated April 12, 1999. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users and over 8 million unique people visited the site in March. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

About Billpoint
Billpoint (www.billpoint.com) facilitates person-to-person credit card payments over the Internet. Addressing the growing needs of auctions, classifieds and community sites, Billpoint empowers the entrepreneur in all of us by simplifying online payment collection. Billpoint, founded in 1998, is located in Redwood City, California. The company's management team brings significant expertise from both the Internet portal environment and the electronic payments industry.

eBay Purchases Respected Automobile Auctioneer

SAN JOSE, Calif., May 18,1999 -- eBay Inc.® (NASDAQ: EBAY; www.ebay.com) today announced it has acquired Kruse International, one of the world's most respected and well established brands in the collector automobile market. The strategic acquisition will enable eBay to move into the collector automobile market and continue to offer the higher priced items its community wants.

"eBay and Kruse International are a perfect match," said Meg Whitman, president and chief executive officer of eBay. "We bring together diverse and fragmented groups of customers who are very passionate about selling and buying unique items they can't find anyplace else."

Ms.Whitman added that because of Kruse's excellent reputation, leadership position and expertise in this area it will assist eBay's presence not only in the collector car market but the general automobile market as well.

"I was very impressed with eBay's management team," said Dean Kruse, the chairman and chief executive officer of Kruse International. "They understand that in order to succeed in this business you have to have good customer relations and the very best employees to service those customers. It is easy to understand why eBay is the world's leading person-to-person online trading community and why the company has been profitable from day one."

eBay users will also benefit from the many services offered by Kruse, including a team of specialists able to appraise, authenticate and rate a wide range of automobiles as well as Kruse's extensive relationships with collectors and dealers throughout the world. Kruse participates in approximately 40 car auctions each year and has held events in 46 states, the United Kingdom and Japan.

eBay said that the purchase of Kruse International and the agreement to purchase Billpoint, Inc., a second transaction announced today, will result in the issuance of eBay common stock worth approximately $275 million. Both will be accounted for as pooling of interest transactions. The number of shares to be issued in the transactions will be determined by a formula involving the average share price of eBay common stock during a period prior to the closing of the transactions. eBay expects that the transactions may be slightly dilutive during the remainder of 1999. Closing is subject to certain conditions, and eBay may recognize certain one-time expenses related to the transactions in the second quarter. Both transactions are expected to close during the second quarter of 1999.

Forward Looking Statemen
This announcement contains forward looking statements that involve risks and uncertainties, including those relating to the closing of this transaction. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, stock price movements, the Company's ability to integrate these new businesses and all of the factors that may influence future business and financial results, including those set forth in the Company's Form 10-K for the period ended December 31, 1998, its form 10-Q for the period ended March 31, 1999 and the Company's prospectus on Form S-1 dated April 12, 1999. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users and over 8 million unique people visited the site in March. Currently, there are more than 1.9 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay And SkyTel To Offer Wireless Online Trading

SkyTel Network Will Enable eBay Users to Monitor and Participate in Auctions While Away from their Computers

SAN JOSE, Calf. and JACKSON, Miss. - May 13, 1999 - eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and SkyTel Corp., a wholly-owned subsidiary of SkyTel Communications Inc. (NASDAQ: SKYT; www.skytel.com) are joining forces to create a wireless person-to-person online trading service that will allow eBay users to receive auction updates and participate in auctions via wireless devices, including pagers, cell phones and personal digital assistants (PDAs).

The trading solution will offer the eBay community a suite of services. Wireless devices will notify buyers when they have been outbid in an auction and when they have won an auction on eBay. Sellers will be alerted when their items have sold. Users will also receive eBay broadcast messages with updates regarding general eBay community-wide news, new service offerings and service enhancements. "Our users often tell us that they would like to follow eBay away from the home or the office," said Steve Westly, vice president of marketing and business development at eBay. "SkyTel will make it possible for eBay users to get the very latest information on the items they are bidding on and selling when they are running errands, doing the shopping or driving the kids to school."

eBay and SkyTel will offer an eBay branded paging solution to users that currently do not own an alphanumeric paging device. This solution will be available on eBay's web site and will include a text pager and prepaid service, a personal toll-free number, nationwide coverage as needed and an email address.

Through SkyTel's Page Recall capability, eBay/SkyTel members will also be able to access their auction notifications via any telephone in the United States when they are out of the coverage area. Members can also use the pager as a personal messaging service, in addition to receiving eBay notifications.

SkyTel will also have the ability to send auction notifications to eBay users who already own wireless devices with Internet email addresses, including cell phones and PDAs.

"SkyTel is proud to participate in the e-commerce arena as eBay's official person-to-person wireless trading solution," said John T. Stupka, SkyTel president and CEO. "Prior to this service, many eBay users interested in items up for auction on the site may have been hesitant to leave their computers. SkyTel will provide the link that gives eBay users the freedom to go to work, to the store, to a special function or just about anywhere, without missing out on a coveted item."

The auction alert service, which will be launched by July 1999, is the first offering in a full suite of wireless trading solutions that SkyTel and eBay will roll out. Later in the year, SkyTel and eBay plan to offer an interactive service to allow eBay members to increase auction bid amounts directly from their wireless devices.

About SkyTel
SkyTel Communications, Inc. is a leader in wireless messaging, serving more than 1.6 million customers. Since 1989, SkyTel has led the industry toward true nationwide messaging through a series of innovations that culminated in SkyTel two-way interactive messaging service. This enables customers to exchange messages with the Internet and other pagers, receive messages via email and the Internet, and send messages to any telephone in the United States. SkyTel is headquartered in Jackson, Miss., and had 1998 revenue of $518 million.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users and had more than eight million unique visitors to the site in March 1999. Currently, there are more than 1.9 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Forward Looking Statements
This announcement contains forward looking statements that involve risks and uncertainties, including those relating to the closing of this transaction. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the rate of future growth in the Company's business, the efficiency of the Company's customer support efforts, the timing of the opening of this new facility and other factors that may influence future business and financial results, including those set forth in the Company's Form 10-K for the period ended December 31, 1998, and the Company's prospectus on Form S-1 dated April 12, 1999. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

The Force Is With You On Ebay

Users Flock to eBay for Star Wars Collectibles

SAN JOSE, Calif., May 11, 1999 - With the release of "Star Wars Episode I: The Phantom Menace" just one week away, fans from around the globe are coming to eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, to find a tremendous selection of Stars Wars® items. Currently, eBay is hosting auctions of more than 21,400 Star Wars collectibles from the original "Star Wars" trilogy and the upcoming movie.

eBay has long been a hub for Star Wars fans to find a wide variety of Star Wars memorabilia, such as classic porcelain figures of Princess Leia and Darth Vader PEZ dispensers, and items from the "Phantom Menace," such as posters of Anakin Skywalker and Queen Amidala figures.

From January to March 1999, more than 129,255 auctions involving Star Wars memorabilia took place on eBay. With the upcoming release of the new movie, the availability of Star Wars merchandise on eBay is exploding.

Deanna Bock, of Kirkland, Wash., began collecting Star Wars merchandise as a child when the movies first came out twenty years ago. She and her father, Lauren, have scoured garage sales, stores and toy shows, and even posted advertisements to build upon their collection. Now, their collection is one of the largest in the Pacific Northwest. Lauren has accumulated more than 1,000 Star Wars figures and Deanna designs custom outfits for the vintage 12-inch figures. In addition, a five-by-six foot Millennium Falcon hangs from their living room ceiling surrounded by X-Wing Fighters. Both are active eBay users.

"Whenever Deanna and I have trouble hunting down a unique Star Wars collectible, we know that it will be up for auction on eBay," said Lauren Bock. "Recently, I was trying to track down two Star Wars towels, one featuring Bobba Fett and the other, Stormtroopers. I could not find them anywhere, so I checked out eBay. I ended up finding and buying them both on eBay."

"eBay has made a significant impact on my Star Wars collecting. It's the place I can go to when I want to find highly sought after or hard to find Star Wars memorabilia," said Deanna Bock. "My father and I have converted one of our bedrooms into an 'Episode I' room, full of 'Phantom Menace' collectibles. Right now we're building up our collection of the 12-inch figures. Darth Maul and the other figures that we have difficulty obtaining, I'm confident we'll find on eBay."

Talk show host Rosie O'Donnell announced on the May 5th episode of "The Rosie O'Donnell Show" that she will auction off Star Wars memorabilia from her own collection on eBay. Director George Lucas signed a few of Rosie's Star Wars collectibles that will be included in the auctions. All proceeds from Rosie's auctions will benefit the For All Kids Foundation.

eBay is an official premier sponsor for the Worldwide Trilogy Celebration in Dallas, TX. This is a Star Wars theme convention held on May 21 to 23 in conjunction with the nationwide movie release of Episode I.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users and had more than eight million unique visitors to the site in March 1999. Currently, there are more than 1.9 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Announces Salt Lake City As Location For New Customer Support Center

Meg Whitman, eBay President and CEO, and Utah Governor, Mike Leavitt, Unveil Plans

SAN JOSE, Calif., May 6, 1999 - eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced Salt Lake City as the location for its first remote customer support center. eBay president and CEO, Meg Whitman, and Utah Governor, Mike Leavitt, unveiled details of the new operation at a press conference held today at the Utah State Capitol building.

"Customer support is the cornerstone of eBay's success in online person-to-person trading," said Whitman. "We're expanding our support staff in order to stay ahead of the needs of our thriving online community. In just the first three months of this year, the eBay user base has almost doubled - from 2.1 million members to 3.8 million. With the establishment of a support center in Salt Lake City, we look forward to continuing our high quality service to our users."

eBay selected Salt Lake City for several reasons, including the existence of a well-educated, tech-savvy work force. In addition the location offers easy access to eBay's San Jose, CA headquarters.

eBay will begin recruiting in the Salt Lake City area, partnering with state and local government agencies, to hire potentially hundreds of employees by December 1999. Their main responsibility will be interacting via email with the eBay community, responding to inquiries and requests that users may experience when they visit the eBay site. Aggressive recruitment will begin immediately and continue into the year 2000.

"As an eBay user myself, I'm proud that Salt Lake City was selected as the site for their new customer support center," said Utah Governor, Mike Leavitt. "Our work force has the technology and customer support know-how to make this center very helpful for eBay users. We're delighted that the Salt Lake City community will become an integral part of the eBay experience."

eBay's customer support team, available 24 hours a day, seven days a week, serves the community through a variety of resources. Catering to the needs of the community, customer support representatives provide assistance via email. Additionally, the team provides live customer support on eBay's customer support bulletin boards: "Support Q&A Board," "Support Q&A For New Users" and "Help with Images and HTML." The new Salt Lake City center signifies eBay's commitment to its customers and complements its current customer support operations.

About eBay
eBay (www.ebay.com), the world's personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users and had more than eight million unique visitors to the site in March 1999. Currently, there are more than two million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Kinko's And eBay Forge Joint Marketing Agreement

Two Category Leaders Join Forces to Provide Greater Internet Access and Online Trading Support Services to Customers

SAN JOSE AND VENTURA, CA - Kinko's, Inc., the leading global retail provider of document copying and business services, and eBay, the leading person-to-person online trading community, today announced a cooperative marketing agreement.

The agreement provides customers of both companies with greater access to eBay through Kinko's computer and Internet services at more than 900 Kinko's locations in the U.S. It also creates linkages to a wide variety of Kinko's support services to make the online trading process easier and more effective.

"This relationship is a great fit, enabling us to leverage our brand and service synergies to provide greater value for our customers," said Ellen Turner, chief marketing officer for Kinko's, Inc. "Our customers use Kinko's to express their ideas and information, and giving them access to technology is an important aspect of effective communication. Joining together with eBay, a clear leader in electronic commerce and one of the best known Internet companies today, is another example of how we function as a highly effective communication tool for customers."

"The agreement was established because of the highly complementary services of the two brand leaders. We are excited about this and believe it is mutually beneficial to Kinko's, eBay, and most importantly, our customers," said Steve Westly, vice president of marketing and business development for eBay. "Kinko's provides an excellent resource that can make the eBay user experience easier and more efficient with their locations nationwide and complete business services."

Under the agreement, Kinko's web site links will be featured on eBay site pages in the computer, business/office and big-ticket categories. eBay will receive in-store signage in Kinko's locations across the country. In addition, eBay site visitors will receive 15 minutes of free computer rental time at any participating Kinko's branch. The two companies are exploring further opportunities for future joint promotional programs.

Kinko's keeps eBay buyers and sellers close to the action 24 hours a day, seven days a week through Internet access via its rental computers. Kinko's can help eBay customers check the bidding status of eBay items, scan photos of items for digital posting, correspond via email with other buyers and sellers, fax signed documentation, use FedExâ and UPSâ shipping services, make color copies, and even hold a live videoconference to see items and meet other buyers and sellers "in person." The agreement also will introduce many Kinko's customers to eBay and the benefits of its marketplace approach to efficient, one-to-one Web trading format.

According to Turner, "Both Kinko's and eBay are pioneers of our respective business categories. We share similar operating philosophies of around-the-clock personalized customer service and innovation in meeting customer needs. We look forward to a relationship that brings our unique customer communities closer together through the combination of retail and electronic commerce."

Named in 1999 as one of Fortune magazine's top 100 companies in America to work for, Kinko's is a leading global retail provider of document copying and business services. It is a privately held corporation with 25,000 co-workers and operations in nine countries. For additional information, call 800/2-kinkos, or visit the company's Web site at http://www.kinkos.com.

eBay (www.ebay.com), the world's personal trading communityJ, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 3.8 million registered users. Currently, there are more than 1.9 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay And Krause Publications Partner To Introduce The Official Ebay Magazine

New Lifestyle Publication Celebrates the Enthusiasts in All of Us

SAN JOSE, Calif. May 3, 1999 - eBay™ (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and Krause Publications (www.krause.com), one of the world's largest publishers, have announced a new marketing initiative to launch an eBay magazine. The monthly lifestyle publication will be geared to the millions of Internet-savvy collecting consumers who are using their considerable purchasing power to buy items on the Internet and have made going online part of their daily lives. The premier issue will hit newsstands and specialty retailers nationwide in mid August 1999.

"The eBay community is made up of a diverse group of users ranging from casual collectors and enthusiasts to people who make their living by trading items full time on the site," said Steve Westly, vice president of marketing and business development. "We're proud to partner with Krause to introduce the magazine with these people in mind. The eBay magazine will be an entertaining and valuable resource for anyone interested in learning more about the cultural phenomenon of collecting via the Internet or even making a living on it. " According to Media Metrix February Web Report, eBay is the third most popular site on the Internet when measured by total user minutes per month (800 million) and first among all e-commerce companies.

"The eBay magazine will be the print portal for the growing number of people who are flocking to e-commerce sites," said Jim Gleim, executive publisher of Krause Publications. "eBay's online consumers are a marketer's dream audience, spending more time and dollars in transactions than any other group on the Web, and from the data, their online spending extends well beyond the confines of the eBay site - so will the content of this magazine."

In the fourth quarter of 1998 alone, eBay users generated more than $306 million in gross merchandise volume (the value of goods sold between individuals). eBay offers the broadest selection of items for sale anywhere on the Internet - and quite possibly in the world - with more than 1.8 million items up for auction each day in more than 1,500 categories. In fact, on average, during the fourth quarter of 1998, every minute of every day more than 150 new items were listed, more than 500 bids were placed and seven new people registered on eBay.

Among the many topical issues the new magazine will address are: essential tips for navigating the Internet trading/commerce experience; practical advice for finding that special or elusive item; feature stories on celebrity collectors, online and offline trading, and the latest enabling technologies; and assistance with valuation and authentication of items.

About eBay
eBay (www.ebay.com), the world's personal trading community (TM), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Inc. Announces First Quarter 1999 Financial Results

Achieved Record First Quarter Net Revenues of $34.0 million

San Jose, CA, April 26, 1999 - eBay Inc. (NASDAQ: EBAY; www.ebay.com), the world's largest person-to-person online trading community, today reported financial results for its first quarter ended March 31, 1999.

The Company generated net revenues of $34.0 million in the first quarter of 1999, a 469 percent increase over the $6.0 million reported for the same period last fiscal year. Gross profit margin decreased to 85 percent for the quarter from 89 percent a year ago. Net income for the current quarter was $5.9 million, or $0.05 per share on a fully diluted basis. eBay's net income before the effect of non-cash charges related to stock based compensation and acquisition expenses was $7.0 million, or $0.05 per fully diluted share, compared with $569,000 or $0.01 per fully diluted share during the first quarter of fiscal 1998.

The primary contributor to the increase in revenues for the quarter was the increased activity on the site. Gross merchandise volume (the value of goods traded) for the current quarter were $541 million, up 76 percent from the $307 million reported in the fourth quarter of 1998. The number of registered users increased more than 1.6 million to over 3.8 million at March 31, 1999, an increase of about 75 percent from the more than 2.1 million registered users at December 31, 1998. In addition, eBay hosted over 22.9 million auctions during the first quarter of 1999, up from 13.6 million in the fourth quarter of last year.

The Company remains committed to providing a safe, easy-to-use trading environment on the eBay site. As a result, the Company made significant personnel investments during the first quarter which affected costs in all income statement categories. Cost of sales increased during the first quarter largely due to labor and related costs associated with the Company's expansion of its customer service department and depreciation of recently acquired site equipment. In addition, the Company realized additional costs in volume-driven transactional expenses such as ISP connectivity charges and bank processing charges for customer fees paid by credit cards. The increase in sales and marketing expenses in the first quarter over the prior period was primarily due to personnel growth, the expansion of online advertising, tradeshow programs and international marketing. Product development expenses increased due to additional headcount and the use of consultants, but were otherwise relatively unchanged compared to the fourth quarter of 1998. General and administrative expenses increased substantially over the previous quarter again primarily due to the Company's investment in personnel, increases in professional service fees and incremental costs associated with being a public company.

For the first quarter, eBay recorded certain non-cash charges of $666,000 and $453,000 related to the amortization of stock compensation and acquisition-related expenses, respectively. The Company recorded a tax provision of $4.3 million, representing an effective tax rate of 42 percent of first quarter pretax income.

"We are excited to start 1999 with strong first quarter results and positive growth across all metrics. This past quarter, we continued our efforts to bring a wider audience to eBay through a variety of marketing endeavors including online and traditional advertising, grassroots marketing, public relations and strong word of mouth referrals. We also brought eBay to the international market with the launches of the U.K. and Canadian sites," stated Meg Whitman, President and CEO of eBay. "In addition, we expanded the end-to-end trading solutions to include packaging, shipping, photo hosting and authentication services for our users. As we grow, we continue to focus on our mission to provide our users the tools to help them trade practically anything on earth."

The Company's overall balance sheet is largely unchanged from the fourth quarter of 1998. The Company added $8.4 million in net fixed assets consisting mostly of computer hardware and software and advanced an $18.8 million payment for future marketing efforts as part of the strategic alliance with AOL. The Company's balance sheet was strengthened with the completion of its secondary stock offering completed in April 1999.

About eBay

eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,000 categories including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Forward Looking Statements

This announcement contains forward looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its user base. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the Company's need to manage significant growth in all aspects of its business, the increasingly competitive environment for online trading, including the effect of the recent entry of competitors which have significantly greater financial and marketing resources, issues of integrating new acquisitions and seasonal factors, including a relative decrease in activity during the spring and summer periods. More information about potential factors which could affect the Company's business and financial results is included in the Company's Form 10-K for the period ended December 31, 1998 under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Company's Prospectus dated April 12, 1999. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

Investor Information Request: 408-558-7493 or email to investor_relations@ebay.com

Company News On Call: http://www.prnewswire.com

Press Release fax-on-demand service: 800-758-5804, ext. 132637

eBAY INC.

CONDENSED CONSOLIDATED BALANCE SHEET
(in thousands)

	December 31,	March 31,
	1998	1999
		(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$ 31,790	$ 24,850
Short-term investments	40,401	32,121
Accounts receivable, net	6,369	12,104
Other current assets	4,825	23,588
Total current assets	83,385	92,663
Property and equipment, net	7,831	16,235
Intangible and other assets, net	1,267	814
	$ 92,483	$ 109,712
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$ 1,385	$ 3,748
Customer advances	727	1,022
Income taxes payable	—	2,713
Deferred tax liabilities	1,682	1,682
Other current liabilities	4,244	8,947
Total current liabilities	8,038	18,112

Total stockholders’ equity	84,445	91,600
	$ 92,483	$ 109,712

eBAY INC.

CONDENSED CONSOLIDATED STATEMENT OF INCOME
(in thousands, except per share amounts; unaudited)

Three Months Ended March 31,

1998

1999

Historical

Net revenues

$ 5,981

$ 34,010

Cost of net revenues

630

5,121

        Gross profit
5,351

28,889

Operating expenses:

    Sales and marketing
2,106

12,067

    Product development
518

1,924

    General and administrative
1,028

5,043

    Amortization of acquired intangibles
—

328

        Total operating expenses
3,652

19,362

Income from operations

1,699

9,527

Interest and other income, net

22

639

Income before income taxes

1,721

10,166

Provision for income taxes

(1,573)

(4,270)

Net income

$ 148

$ 5,896

Net income per share:

    Basic
$ 0.00

$ 0.06

    Weighted average shares—basic
26,936

95,047

    Diluted
$ 0.00

$ 0.05

    Weighted average shares—diluted
97,614

127,979

Supplemental Information(1)

Historical net income

$ 148

$ 5,896

Add back of certain non-cash expenses:

    Amortization of stock compensation
421

666

    Amortization of acquisition-related expenses (2)
—

453

        Total add back
421

1,119

Supplemental net income excluding certain non-cash expenses

$ 569

$ 7,015

Supplemental net income per share:

    Basic
$ 0.02

$ 0.07

    Diluted
$ 0.01

$ 0.05

(1) The accompanying supplemental financial information is presented for informational purposes only and should not be considered as a substitute for the historical financial information presented in accordance with generally accepted accounting principles.
(2) Expenses associated with the amortization of acquisition-related charges are included within cost of net revenues as well as operating expenses under the heading "amortization of acquired intangibles."

eBay Agrees To Buy Butterfield & Butterfield

SAN JOSE, Calif., April 26,1999 - eBay® (NASDAQ: EBAY; www.ebay.com) today announced that it has agreed to acquire Butterfield & Butterfield, one of the world's largest and most prestigious auction houses. This important strategic acquisition enables eBay to accelerate its penetration into higher priced items on a global basis.

"This transaction will combine eBay's technology and large community of users- with Butterfield's expertise in premium markets and extensive relationships with dealers, auction houses and individuals throughout North America, Europe and Asia," said Meg Whitman, president and chief executive officer of eBay. "We will be able to bring fine and decorative art and collectibles online allowing eBay members unprecedented access to many of the world's outstanding collections."

eBay users also will benefit from the services and expertise offered by Butterfield & Butterfield's team of over 50 specialists who are able to authenticate, appraise and market a wide range of art and fine collectibles including paintings, furniture and jewelry.

"Butterfield & Butterfield is not only one of the oldest and most respected auction houses in the world, but our large staff of specialists provide expertise in a wide range of categories from 17th century European armor to fine paintings," said John Gallo, president of the San Francisco based company. "We believe this will enable a whole new generation of users to safely trade unique, high-end items on eBay."

Gallo added that Butterfield & Butterfield has worked with the major Internet companies and he believes eBay has the most professional management team in the business. "eBay understands the importance of the relationship to the customer which is the underpinning of this industry," he said.

eBay's Whitman added that Butterfield & Butterfield is a perfect match for the person-to-person online trading community. "This is a profitable company with a solid business plan and a first-rate management team. Butterfield & Butterfield also has strong relationships with major auction houses around the world."

Steve Westly, eBay's vice president of marketing and business development said that eBay is excited about Butterfield & Butterfield because it is moving more quickly than any other traditional auction company to embrace the Internet. Butterfield & Butterfield began providing auctions over the Internet through its relationship with a local company and ended the arrangement three weeks ago in order to work with eBay.

eBay will continue its emphasis on the person-to-person online trading space and will utilize its purchase of Butterfield & Butterfield to enter the field of mid-tier auctions.

The transaction will be accounted for as a tax-free pooling of interests. The number of shares to be issued in the transaction will be determined by a formula involving the average price of eBay common stock during a period prior to the closing of the transaction. The approximate value of the transaction is $260 million. The transaction is expected to be accretive in 1999 and eBay may recognize certain one-time expenses related to the transaction in the quarter of closing. Closing is subject to certain conditions, including regulatory approvals, and is expected to take place in the second quarter.

In a related development, Butterfield & Butterfield announced it has determined to withdraw its proposed initial public offering.

Forward Looking Statements

This announcement contains forward looking statements that involve risks and uncertainties, including those relating to the closing of this transaction. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the receipt and timing of regulatory approvals, stock price movements, the Company's ability to integrate this new business and all of the factors that may influence future business and financial results, including those set forth in the Company's Form 10-K for the period ended December 31, 1998 and the Company's prospectus on Form S-1 dated April 12, 1999. Additional information about potential factors that could effect Butterfield & Butterfield's business and financial results is included in Butterfield & Butterfield's preliminary prospectus on Form S-1 dated April 2, 1999. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.

About eBay

eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users and over 8 million unique people visited the site in March. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Enlists Goodby, Silverstein & Partners For Brand-Building Advertising Effortsd

Agency Selected for Creativity and Consumer Branding Expertise

SAN JOSE, Calif. April 23, 1999 - eBay® (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the appointment of Goodby, Silverstein & Partners as its advertising agency of record. eBay selected the award-winning agency to further develop brand-building advertising campaigns and integrated communication initiatives.

"We're excited to embark upon a long-term relationship with Goodby, Silverstein & Partners," said Brian Swette, senior vice president of marketing at eBay. "GS&P has a proven track record of delivering creative work that is an honest and relevant reflection of a brand. We are confident they will help expand eBay's recognition as a trusted and famous brand."

With headquarters in the "eBay Area," Goodby's San Francisco office will allow the advertising team to work closely with eBay in San Jose throughout the creative process. "We have an amazing opportunity before us," said Rich Silverstein of Goodby, Silverstein & Partners. "E-commerce is an exciting and rapidly growing industry. In only a few years, eBay has grown into an extraordinary and highly respected company. We're looking forward to helping make eBay one of the top brands of the future."

eBay's print and radio advertising was previously handled by the Acme Idea Company, a strategic and creative consultancy committed exclusively to the building of brands. The need for a full-service agency led to the decision to select a new creative partner for offline advertising, including out-of-home, print and broadcast media.

"We couldn't have chosen a better partner than Acme to launch our inaugural advertising campaign. No one is better at launching a brand, from initial positioning through all launch communications and advertising," continued Swette. "Now, we've enlisted Goodby to help to grow the eBay brand and increase our reach and relevance to consumers."

In October 1998, eBay launched its first national print and broadcast advertising campaign to increase awareness and trial of the company's brand. The national radio campaign has aired on more than 12,000 stations across the country. The national print campaign executed in November 1998 included Parade, People, Entertainment Weekly, Newsweek and Sports Illustrated.

About Goodby, Silverstein & Partners
Goodby, Silverstein & Partners is a full service advertising agency, founded in 1983 and located in San Francisco. GS&P has won a multitude of creative awards for its work and agency recognitions. In 1989, Advertising Age named GS&P Agency of the Year, one of the two youngest agencies to ever receive that honor. In 1990, 1992, and 1994, Jeff Goodby and Rich Silverstein were named by Adweek as National Creative Directors of the Year. For four years (1992, 1993, 1994 and 1998), Adweek chose GS&P as their West Coast Agency of the Year. In 1995, the agency was selected by Adweek as their National Agency of the Year.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Inc, Announces Pricing Of Public Offering Of 6,500,000 Shares Of Common Stock

San Jose, CA (April 13, 1999) eBay Inc. today announced the pricing of its public offering of 6,500,000 shares of common stock at $170.00 per share. Of the shares offered, 4,250,000 are being offered by the Company and 2,250,000 are being offered by certain selling stockholders. Goldman, Sachs & Co. and Morgan Stanley Dean Witter are acting as the lead Underwriters of the offering. Other Underwriters for the offering include BancBoston Robertson Stephens, BT Alex. Brown and Donaldson, Lufkin & Jenrette. The Company expects that the shares in this offering will be delivered to the underwriters on April 16, 1999.

Certain selling stockholders have granted the Underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover over-allotments, if any. The net proceeds to the Company from the offering will be used for general corporate purposes.

eBay, the world's personal trading community, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. More than 250,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Teams With Mail Boxes Etc. And iShip.com To Provide Person-To-Person E-Commerce Shipping Solutions

Alliance is first of its kind to provide seamless solution for shipping and delivery services; bridges Internet commerce world with real-world infrastructure

SAN JOSE AND SAN DIEGO, CALIF. AND SEATTLE, WASH. (April 8, 1999) - eBay (NASDAQ: EBAY; www.ebay.com), the leading person-to-person online trading community, today announced a five-year agreement with Mail Boxes Etc. (MBE), the world's largest franchisor of retail business, communications and postal service centers, and a planned agreement with iShip.com, the leader in multi-carrier Web-based shipping services for e-commerce, to provide eBay members with a first-of-its-kind, integrated system for e-commerce shipping.

The three companies -- eBay, MBE and iShip.com -- represent crucial components in the e-commerce industry, and will team together to provide integrated shipping solutions to effectively support the rapidly growing e-commerce industry. iShip.com will provide upfront information to e-merchants and buyers regarding shipping costs and options, helping reduce the need for frequent emails to work out terms of shipping. For eBay sellers with frequent shipping needs, MBE will provide the bricks-and-mortar support for packing and shipping. In addition, eBay and MBE are working to implement a "hold for inspection" program where MBE franchisees will provide a place for delivery and inspection of goods.

"The growth of eBay's person-to-person online trading has created a huge demand for improved shipping solutions for our community of 2.1 million users," said Meg Whitman, president and chief executive officer of eBay. "MBE, with its network of more than 3,000 centers across the country, and iShip.com, with its innovative online-shipping, pricing and tracking solutions, are the ideal partners for eBay to join with in developing a fully integrated shipping system to handle this demand."

The eBay/MBE/iShip.com shipping solution will make the shipping process easy, convenient and efficient for buyers and sellers. With accurate zip-to-zip rate and service information from iShip.com, eBay users will be able to see how much a shipment will cost, even before they place a bid. Web-based pricing streamlines the shipping process while instant package status informs sellers and buyers of the exact location of the goods. Plus, eBay members will benefit from the network of participating MBE centers nationwide, providing convenient drop-off and pick-up locations for e-commerce shipments.

Plans for eBay, MBE and iShip.com provide for iShip.com to develop a co-branded shipping interface page integrated into the eBay site. This page will give members easy access to shipping rates and service alternatives, accurate pricing information, shipping help features and package tracking status. Additionally, MBE and eBay will develop a shipping solutions page that will give tutorial information specific to MBE's services, standard packing requirements, and information on MBE's proprietary declared-value program. The site also will include an MBE locator, so buyers and sellers can find the most convenient center.

In addition, the companies are working to develop MBE's new "hold for inspection" program that the companies anticipate will enable buyers to accept or refuse delivery upon inspection of items shipped to participating MBE locations. This service is planned to provide users another tool to facilitate person-to-person online trading.

"As the volume of e-commerce increases, shipping solutions that bridge the Web and the physical world become critical," said Jim Amos, MBE president and CEO. "MBE will now bring our commitment to world-class customer service to the enormous volume of eBay transactions, ultimately making e-commerce business easier. And, with iShip.com's leading technology, we've tackled the challenges associated with shipping the amount of merchandise now sold online."

"Teaming with eBay and MBE, we're realizing our vision of integrating Web-based shipping services into e-commerce, to give buyers and merchants choice, convenience and efficiency," said Steve Teglovic, co-founder and CEO of iShip.com. "Our e-commerce shipping solution for eBay members means no more doubts about how to ship, where a package is, or what it will cost to send it to the winning buyer," he added.

In support of this new strategic partnership, MBE is investing $10 million to make new technology available to its network of more than 3,000 domestic franchises. This initiative links satellite technology with point-of-sale (POS) computer systems as part of MBE's ongoing drive to "make business easier" for both its franchisees and its growing customer base.

"This move is critical to the future growth of MBE, since it allows us to accommodate the changing needs of our customers, while at the same time attracting new Internet customers," said Amos. "Also, this technology puts MBE one step closer to providing a comprehensive shipping solution for the dynamic e-commerce community."

Mail Boxes Etc., a wholly owned subsidiary of U.S. Office Products Company (NASDAQ: OFIS), is the world's largest franchisor of retail business communication and postal service centers. There are more than 3,700 MBE centers operating worldwide, with master licensing agreements in place for the development of the MBE business in 60 countries around the world. In the United States, MBE centers are owned and operated by licensed franchisees of Mail Boxes Etc., USA, Inc. Outside the United States, MBE centers are owned and operated by MBE master licensees or their franchisees. MBE maintains a Web site at www.mbe.com.

U.S. Office Products Company (USOP) is one of North America's leading providers of office supplies, office furniture, and office breakroom products featuring Starbucks Coffee. USOP also owns and operates Mail Boxes Etc. and Blue Star Group Limited, a leading supplier of office products and business services in New Zealand and Australia. USOP's Web site can be found at www.usop.com.

eBay (www.ebay.com), the world's personal trading community ^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site in an auction format on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 250,000 new items are added daily, in more than 1,500 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

iShip.com is an Internet shipping services company with the vision of helping buyers and merchants integrate package shipping into the e-commerce process. Its one-stop Web-based shipping service brings multi-carrier choice, the convenience of the Web, and powerful tools for efficient pricing, shipping and tracking to both Web merchants and online shoppers, improving the overall e-commerce experience. iShip.com was founded in 1997, and is based in Bellevue, Washington. For more information, visit www.iship.com.

eBay And Collectors Universe Partner To Offer Authentication And Grading Services

eBay Continues to Expand Safety Measures for Online Trading

SAN JOSE, Calif. April 6, 1999 - eBay^TM (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced the addition of expert authentication and grading options in popular product categories, including trading cards and rare coins. eBay has partnered with Collectors Universe, the premier authentication and grading service company, to continue its commitment to providing user services and tools to ensure safe online person-to-person trading.

The first in a series of new authentication and quality verification services will appear on the eBay site on April 6, 1999 at approximately noon Pacific Standard Time. Current participating companies include two subsidiaries of Collectors Universe, Professional Sports Authenticators (PSA) and Professional Coin Grading Service (PCGS). Collectors Universe offers a financial guarantee that backs both the grade and authenticity of every trading card in a PSA holder and every coin in a PCGS holder. eBay will add autograph authentication starting in June when it launches a program with PSA/DNA, another Collectors Universe subsidiary, which utilizes a synthetic DNA marker to permanently authenticate "signed-in-the-presence" signatures, as well as a team of experts who authenticate vintage autographs.

"We are pleased to announce this relationship with Collectors Universe to provide the industry's most respected authentication and grading services for the eBay community," said Steve Westly, vice president of marketing and business development at eBay. "Backed by a 100% guarantee, this integrated service will be of great use to the growing number of collectors on eBay."

Authentication and grading services are accessible from co-branded eBay and Collectors Universe sites beginning April 6 at http://www.pcgs.com/ebay and http://www.psacard.com/ebay. Information on the authentication and grading services for coins and trading cards will also be available at http://pages.ebay.com/help/community/auth-coin.html and http://pages.ebay.com/help/community/auth-card.html and from individual category homepages, including sports memorabilia.

"eBay has had a significant impact on the world of collecting," said David Hall, founder of PCGS. "Thanks to the contributions eBay has made in person-to-person trading, it's important to provide these authentication services to help people who buy, sell and collect coins and trading cards using the Internet."

eBay sellers will receive a 10 percent discount from PCGS and PSA for the first 30 days. After 30 days, sellers will receive a 10 percent rebate to their eBay account on all services provided by PCGS and PSA. Authenticated and graded coins and trading cards are encapsulated in a tamper-evident holder and sonically sealed with a certificate of authenticity listing a description and grade of the card or coin.

"We're proud to be a part of this new initiative to help buyers and sellers achieve peace of mind in sight-unseen trading by verifying authenticity and grading," said Lou Crain, CEO of Collectors Universe. "We have a long history in sports and non-sports trading cards and rare coins, and are pleased to bring our expertise to the online eBay community."

The process for sellers starts by sending an item or items to PCGS and PSA for grading and authentication, which is done in a one- to 30-day turn around (fee will vary depending on time). Sellers can include a logo in the eBay item description that identifies that the item is authenticated and links to information about its specific grade and authenticity.

"eBay's new authentication capabilities open up a wonderful world of opportunity to truly explore and participate in the collectibles marketplace," said Laura Sperber, owner of Legend Numismatics, one of the largest rare coin companies in the country. The company frequently conducts business on eBay and recently sold a mint-state Morgan dollar for $36,000 on the site. "eBay has exceeded our expectations. I plan to use this service as much as possible."

About Collectors Universe
PSA is the world's largest sportscard grading service and currently grades and authenticates about 100,000 cards per month. PCGS is the leading third party coin grading service having graded and authenticated over five million coins in the past 12 years. PSA/DNA authenticated Mark McGwire's 70th home run ball and was recently chosen by Hank Aaron to authenticate his 715th home run ball and bat.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 250,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Hollywood Memorabilia Now Showing On eBay

SAN JOSE, Calif. March 12, 1999 — In anticipation of the 71st Annual Academy Awards on March 21, eBay^TM (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, is celebrating movie memorabilia throughout the month of March. In addition to thousands of movie collectibles available on the site, eBay has partnered with Columbia TriStar Interactive (CTI) and White's Guide to Movies to host a special "Live Like A Star" sweepstakes for a trip for two to Hollywood and a tour of Sony Pictures Studios.

"This month eBay is celebrating movie making and Hollywood's greatest achievements," said Steve Westly, vice president of marketing and business development at eBay. "Movie memorabilia is one of our most popular categories, and this time of year, we would like to help our users get into the spirit of the Academy Awards. Although only a lucky few can attend the Academy Awards show, anyone with Internet access can experience what we like to call the 'eCademy Awards' on eBay."

eBay's movie memorabilia category currently contains more than 26,000 items up for auction, including props, wardrobe items, posters, photographs and lithographs, ranging from a "Planet of the Apes" gorilla suit to a replica of the ark in "Raiders of the Lost Ark."

Jay Jorgensen of Los Angeles has been collecting movie memorabilia since he saw "The Poseidon Adventure" as a kid and experienced for the first time "how spectacular movies can be." He discovered eBay a year ago, and now visits the site daily to look for items to add to his growing collection. Some of Jorgensen's most prized finds on eBay include a life jacket, china setting and pieces of the actual set from last year's Academy Award-winner "Titanic." This year, he's hoping to find props from his personal pick for best picture, Academy Award nominee, "Shakespeare in Love."

"Collecting has become much easier and more fun since I started using eBay," said Jorgensen. "It's like going to a flea market except that I can immediately zero in on movie props, photos, posters and lobby cards that I would have never found without eBay.

Live Like A Star Sweepstakes
In addition to bidding on movie related auctions on eBay, Internet users have a chance to win an assortment of prizes during the "Live Like A Star" sweepstakes hosted by Columbia TriStar Interactive. First prize is a four-day and three-night trip for two to Hollywood, courtesy of TravelScape.com, including a tour of Sony Pictures Studios. Participants may enter the contest by filling out an entry form on the Sony Pictures Entertainment Web site, available March 1 - 26 at www.sonypictures.com/75th.

Entrants can increase their chances of winning by answering movie-related trivia questions also available on Sony Pictures Entertainment's site. Many of the answers to the trivia questions can be found on the Web site of White's Guide to the Movies, available at www.whitesguidetomovies.com. White's Guide is a new monthly magazine that brings film and its stars, past and present, to life and features the latest on the Academy Awards.

Other prizes include Columbia Pictures 75th Anniversary Award-Winning Video Pack from Columbia TriStar Home Video, including the titles "As Good As It Gets," "Kramer vs. Kramer," "Lawrence of Arabia," "Philadelphia," and "The Bridge on the River Kwai"; 75th Anniversary tee shirt; and 75th Anniversary TV-shaped radio.

"Columbia Pictures has been in the forefront of award winning filmmaking for 75 years," said Audrey Marco, director, marketing alliances at CTI. "We're thrilled that our studio, rich with the history and glamour that Hollywood is made of, will celebrate great entertainment with eBay and White's Guide to the Movies through this promotion."

More details about eBay's Live Like a Star promotion can be found at http://pages.ebay.com/livelikeastar.html or from the "Other Happenings" section available from eBay's homepage.

Special March Movie Memorabilia Auctions on eBay
eBay is featuring two special auctions of Hollywood memorabilia. Ellis Props & Graphics, Hollywood's first prop house, established in 1908, will host the first series of auctions March 8 - 15. Items available in this auction will include:

Baby carriage from "The Untouchables"
Life preserver from "Titanic"
Graphics from "Batman"
Hush Hush magazine from "L.A. Confidential"

The Marco Island Film Festival, an organization that celebrates independent and major films and hosts student film competitions, will host the second series of auctions taking place March 15 - 22. Auction items will include:

Original movie poster from "Saving Private Ryan" signed by Tom Hanks
Script from the final episode of "Seinfeld" signed by all cast members
Videotape of "Top Gun" signed by Tom Cruise
Playbill of the "Blue Room" signed by Nicole Kidman
Sheet music of "Circle of Life" from the "Lion King" signed by Sir Elton John and Tim Rice

About Columbia TriStar Interactive
Columbia TriStar Interactive is a leading producer and distributor of compelling online entertainment experiences based on original content and Sony Pictures Entertainment branded properties. CTI's content is distinguished by its innovative design, message and technology as well as its broad-based consumer appeal.

Columbia TriStar Interactive is a Sony Pictures Entertainment Company. Sony Pictures' global operations encompass motion picture production, television programming and syndication, home video and acquisition and distribution, operation facilities, development of new entertainment technologies and distribution of filmed entertainment in 67 countries. Sony Pictures Entertainment can be found on the World Wide Web at
http://www.spe.sony.com.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

America Online and eBay Announce Strategic Marketing Alliance

eBay Becomes the Preferred Person-to-Person Online Trading Community on AOL, AOL.COM, CompuServe, Netscape's Netcenter, ICQ and Digital City.

Co-Branded Sites To Be Created Incorporating eBay Features, Listings and Content and AOL Content and Community Features

Dulles, VA and San Jose, CA, March 25, 1999—America Online, Inc., the world's leading interactive services company, and eBay Inc., the largest online person-to-person trading community, today announced a four-year strategic alliance that will expand person-to-person commerce and community-building on AOL and its family of brands. This agreement expands the Companies' existing strategic relationship.

The agreement gives eBay prominent presence across the domestic and international AOL family of brands, including AOL, AOL.COM, CompuServe, Netscape's Netcenter, ICQ and Digital City, and eBay will pay AOL $75 million over the term of the agreement. In addition, AOL is entitled to all advertising revenues generated by the co-branded sites and may act as the exclusive third-party advertising sales force for advertising sold on eBay's website, www.ebay.com.

Under the agreement, America Online and eBay will create customized and co-branded sites for America Online's multiple brands. These sites will include comprehensive listings, feedback and ratings, message boards and select content from eBay. With nearly 50 million auctions completed since September 1995, eBay offers AOL members the most robust and easy-to-use person-to-person trading experience anywhere online or on the Internet.

AOL will promote eBay to its member community of over 16 million members. eBay will promote AOL as its preferred Internet online service, and as future enhancements, eBay will enable its users to download ICQ on its site www.ebay.com, as well as integrate AOL's "My News" feature into its "My eBay" feature.

As a part of the agreement, the companies will work together to facilitate eBay's expansion into international markets. AOL will also help launch eBay's expansion into regional markets through the promotion of eBay on Digital City.

Bob Pittman, President and Chief Operating Officer of America Online, Inc., said: "This agreement is great for AOL members and users of our family of brands because it further expands their already dynamic online community, giving them easier access to the largest person-to-person trading community in cyberspace. Not only does this make AOL even more valuable to their everyday lives, it makes AOL's many brands even more accessible to eBay's more than 2.1 million registered users, one of the most active communities anywhere in cyberspace."

"AOL is a leader in creating and managing online communities, and eBay is in a key position to reach a much broader network of Internet users through AOL. By providing AOL users with quicker and more convenient ways to conduct person-to-person trading on eBay, we are continuing to set the standard as the leading personal e-commerce destination," said Meg Whitman, President and Chief Executive Officer of eBay. "This alliance not only provides us significant customer acquisition opportunities, it serves as an important brand investment."

eBay brings to the alliance its powerful business model of person-to-person online trading, the largest marketplace of buyers and sellers online with more than 2.1 million registered users (as of December 31, 1998), and the third busiest site on the Internet in terms of total usage minutes, according to the Media Metrix February 1999 Web report.

"eBay will provide AOL users a customized 'eBay at AOL' experience, including content, special features and access to special promotional auctions," said Steve Westly, Vice President of Marketing and Business Development at eBay. "On eBay, users will be able to access certain AOL community tools, such as ICQ, a communications portal with 30 million registrants worldwide."

Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 16 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; and the Netscape Navigator and Communicator browsers. Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy.

About eBay
eBay (www.ebay.com), the world's personal trading community (tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site in an auction format on the Web that is available 24 hours a day, 7 days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.8 million items listed for sale. More than 250,000 new items are added daily, in more than 1,000 categories, including: antiques; books, movies, and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Tiny Toy Is Big Collectible
Founder of eBay to Host Reception at 1999 PEZ®-A-THON Convention

Los Angeles, Feb. 24, 1999 - Collectors of PEZ® candy dispensers are invited to attend the only international PEZ convention held west of the Rocky Mountains, taking place March 26-27, 1999 in Los Angeles. The 1999 PEZ®-A-THON convention will be kicked off by Pierre Omidyar, founder of eBay^TM (www.ebay.com; NASDAQ: EBAY), the world's leading person-to-person online trading community.

"This year's convention will be better than ever," said 'Jolly' Jim Presnal, producer of the PEZ-A-THON convention. "We are pleased to have Mr. Omidyar at this year's show. PEZ collecting played a vital role in the inspiration of eBay."

Pierre Omidyar initially developed the eBay Web site in 1995 partly to help his wife, an avid collector of PEZ dispensers, find trading partners. Currently there are more than 1,700 PEZ-related auctions happening on eBay.

The value of older PEZ dispensers has increased steadily since the early 1990s. Some rare variations sell in excess of $5,500 - all for a dispenser that originally sold for 29¢. In fact, a rare 1950s PEZ Rocket Ray Gun sold on eBay for $5,555.55. Despite the high prices paid for some older dispensers, the hobby continues to attract new collectors. The reason why? PEZ Candy, Inc. still produces the candy and dispensers by the millions, and children of all ages can begin their own collections with the current dispensers for only 99¢ a piece.

eBay and Sparky's^TM, the largest single-store retailer of PEZ and PEZ-licensed products in the world, are the sponsors of the 1999 PEZ-A-THON. The event will be held at the Manhattan Beach Marriott Hotel, 1400 Parkview Avenue (off of Rosencrans, one mile west of 405) in Los Angeles. The event is open to the public.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than one million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

About Sparky's
Sparky's is a wholly-owned toy store operated by Universal City Studios located on Universal's CityWalk in Los Angeles. Sparky's has become the largest, single-store retailer of PEZ and PEZ-licensed products in the world.

FOR INFORMATION: Call (818) 345-0442, e-mail info@pezathon.com or go to http://www.pezathon.com on the Internet. General admission for the show on Saturday, March 27 is $5 for adults and $2 for children under 12. Doors open at 10 a.m. Those interested in attending the entire event, beginning on March 26, should contact the show directly using one of the above methods.

eBay And PBL Online Pty Limited Announce Joint Venture
New Partnership Expands eBay Into Australia and New Zealand Region

San Jose, CA, February 24, 1999 -

In a step to make buying and selling on eBay easier to users in Australia and New Zealand, PBL Online, a leading Internet media company in Australia, today announced a joint venture with eBay, the world's largest person-to person online trading community. Under the agreement, later in 1999, users will be able to access a customized Australian and New Zealand eBay home page. The other terms of the agreement were not disclosed.

"The partnership is an great opportunity for PBL Online to introduce the eBay service in Australia and New Zealand. We are very excited to be working with eBay, one of the world's leading e-commerce companies," said Daniel Petre, Chairman of PBL Online.

eBay is the second most popular site on the Internet in the United States, when measured by total user minutes per month (696 million total user minutes), and is also the number three shopping site, according to the December 1998 Media Metrix Web report.

From October to December 1998, eBay's community grew from approximately 1.2 million registered users to approximately 2.1 million registered users, an increase of 72%. Over three years, eBay's exponential growth is the equivalent of growing from a small village into a major metropolitan city.

"We are looking forward to working with PBL Online, our first international joint venture for eBay," said Meg Whitman, president and CEO of eBay. "We believe that PBL Online is one of the best positioned Internet media companies in the region. We are enthusiastic about welcoming more Australian and New Zealand users into our international trading community."

About eBay
eBay (Nasdaq: EBAY; www.ebay.com), the world's personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than two million registered users. Currently, there are more than 1.6 million items listed for sale. More than 250,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

About PBL Online
PBL Online Pty Limited is a subsidiary of Publishing & Broadcasting Limited. PBL Online owns fifty percent of ninemsn, a joint venture with Microsoft, Inc.

eBay To Stop User Listings Of Firearms And Ammunition On The Site

SAN JOSE, Calif. Feb. 19, 1999 –

eBay^TM (NASDAQ: EBAY; www.ebay.com), the world’s leading person-to-person online trading community, today announced that it is ending user listings of all firearms and ammunition on the site. The decision was based on the determination that the Internet is not an appropriate venue for this kind of merchandise. Effective March 5, 1999, firearms will not be listed in any categories, including the "Firearms," "Antique," "Collectibles," and "Sport" categories.

"While we acknowledge the gun collectors and sports enthusiasts among our users, eBay takes its role as a responsible member of the online community very seriously," said Steve Westly, vice president of marketing and business development at eBay. "After careful consideration of the issue, we believe the process of buying and selling firearms online is sufficiently different from the offline world, and it is appropriate for us to end the user listing of firearms on eBay."

To meet the March 5, 1999 deadline for eliminating the "Miscellaneous: Firearms" category from the site, users may list firearms in that category until Feb. 26, 1999. After that date, eBay will remove any firearms listed on the site.

Westly added that online sellers cannot readily guarantee that buyers meet all the qualifications and comply with the laws governing firearm sales. eBay had previously raised the possibility of instituting changes to the Firearms category. After having investigated a variety of methods to ensure public safety without eliminating the firearms category, eBay concluded that, in consideration of current technology and laws, no alternative met eBay’s standards.

"We realize that the sale of firearms is a controversial issue, and our stance will spark support as well as criticism," continued Westly. "We are also sensitive to the effect that this policy may have on serious gun collectors. After thorough evaluation, we have decided to end all user listings of firearms and ammunition on eBay in the interests of our site, our users and the offline community."

Firearms-related items, such as holsters, literature, clothing and scopes, may still be sold on eBay, but only listed in the "Collectibles: Western Americana," "Collectibles: Militaria" and "Miscellaneous: Sporting Goods: Hunting" categories.

As part of the ongoing dialogue with its community, eBay will host public forums on Monday, Feb. 22, 1999, from 2:00 to 4:00 PST and on Tuesday, Feb. 23, 1999, from noon to 2:00 PST on the "Discuss eBay’s Newest Features" board, to answer any questions from community members about the firearms policy.

About eBay
eBay (www.ebay.com), the world’s personal trading community™, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than two million registered users. Currently, there are more than 1.5 million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Pioneers A Unique Approach To Corporate Giving
Establishes Charitable Foundation Funded by Donation of 107,250 Shares of Pre-IPO Stock

SAN JOSE, Calif. Feb. 17, 1999 –

eBay^TM (NASDAQ: EBAY; www.ebay.com), the world’s leading person-to-person online trading community, is reaching beyond the boundaries of its virtual village to assist communities in the United States and around the world. eBay established the eBay Foundation™ with funding from pre-IPO stock to provide grants to local and global nonprofit organizations.

"eBay is setting a significant example for corporate philanthropy," said Peter Hero, president of Community Foundation Silicon Valley, a public charity organization that facilitates corporate gift-giving. "Donating pre-IPO stock makes sense financially for the company and results in a bonanza for charity as the company increases its shareholder value. eBay is unique because it is actively participating in charitable giving early in its corporate life rather than as an after-thought."

"Since its inception, eBay’s mission has been to develop a strong, positive environment where people with common interests come together," said Pierre Omidyar, founder of eBay and advisor to the eBay Foundation™. "We created the eBay Foundation™ to take that philosophy one step further – to link people with the resources that will empower them to improve not only their own lives, but also the community around them."

About the eBay Foundation™
The eBay Foundation™, established in June 1998 as a separate entity from eBay Inc., is funded by eBay’s donation of 107,250 shares of its common stock to Community Foundation Silicon Valley (CFSV). The CFSV is a tax-exempt, public charity whose mission is to promote philanthropy and build a strong community by assisting donors in making effective charitable donations and making grants to a variety of nonprofit organizations across the nation.

In November 1998, a team of eBay employees volunteered to form a governance committee to direct the Foundation’s efforts. A cross-section of eBay employees from such departments as engineering, marketing, and customer support are responsible for selecting grant recipients.

"The eBay community has always been extremely generous," said Jeff Skoll, vice president of strategic planning and analysis for eBay. "eBay users are very responsive to our charity auction fundraisers and to the ‘eBay Giving Board,’ where users post their needs and others offer what they can to help out. In the altruistic spirit of our community, we’re thrilled to complement these efforts through the eBay Foundation™."

eBay Foundation's™ 1998 Grants
The eBay Foundation™ awarded its first two grants in December 1998 to "Friends of Farm Drive" and the University Research Expedition Program (UREP). Friends of Farm Drive is a nonprofit organization working to improve the quality of life for residents in a San Jose, Calif. neighborhood rampant with drug dealing and gang activity. The organization runs two community centers where volunteers assist with homework, teach English as a second language, arrange monthly food donations, staff innoculation clinics and administer tuberculosis testing and treatment. The eBay Foundation™ will help to fund a summer recreation program targeting "high risk" youths. The grant will also fund the creation of a computer learning center, where volunteers will work with youths and adults to assist them in gaining valuable computer skills.

The University Research Expedition Program (UREP), based in Davis, Calif., is an organization that sends volunteers on two-week expeditions to learn about archaeology, anthropology, environmental studies and earth sciences. The grant will provide scholarships for California elementary and high school teachers to participate in the programs, working with university scientists in countries around the world. Teachers will not only have the opportunity to work with local residents about such issues as preserving their rainforests, but also to share with their students at home what they have learned abroad.

"The first two recipients of eBay Foundation™ grants epitomize our goals and philosophy," said Karin Stahl, member of the eBay Foundation's™ advisory board. "The programs provide long-term and far-reaching benefits for their participants and those they touch in communities around the world. We selected these charities to help foster the growth of children and adults by providing both the basic needs for survival and the knowledge they need to succeed in the future."

Funding Criteria
The eBay Foundation™ is currently accepting applications for 1999 funding. Grant criteria and application details are available on eBay at http://pages.ebay.com/community/aboutebay/foundation/index.html. Grants are awarded to programs or projects that leverage existing resources, foster collaboration by various organizations to achieve a greater impact, empower individuals to improve their lives, benefit the local or global community at large, or make a significant positive, long-term impact on the people served.

About eBay
eBay (www.ebay.com), the world’s personal trading community^TM, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than two million registered users. Currently, there are more than 1.5 million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay Expands Strategic Relationship With Netscape
Netscape to Promote eBay Services on Netscape® Netcenter

SAN JOSE, Calif. February 2, 1999 -

eBay ^TM (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, and Netscape Communications Corporation (NASDAQ: NSCP) today announced an expansion of their relationship. Under the terms of a new agreement, Netscape will promote eBay services on Netscape® Netcenter, one of the fastest growing portal sites on the Internet.

The agreement encompasses several levels of promotional integration between the two companies, enabling millions of Netscape Netcenter users to easily link to the more than 1.4 million items available for auction each day on eBay.

"We are delighted to move into the next stage of our relationship with Netscape, one of the largest and fastest growing Internet portals," said Steve Westly, vice president of marketing and business development at eBay. "Through the power of Netscape and its Netcenter portal site, millions of consumers will be exposed to eBay and can quickly jump right in and check out the more than 1000 categories of unique items up for auction."

"Netscape strives to provide consumers with the best of the Web and help them get the most out of their Internet experience," said Mike Homer, executive vice president and general manager of Netscape's Netcenter division. "Our expanded relationship with eBay enables us to offer consumers direct access to the leading person-to-person online trading site from the Netcenter portal*."

For more than a year, eBay has been a "distinguished provider" on Netscape's Netcenter site. This new agreement will allow eBay to gain exposure from targeted placements on the Netcenter homepage and across key channels. eBay will be accessible from two bookmarks that will be included on Netscape® Communicator (version 4.0 and higher) client software. eBay will also be featured as key word banner ads in the new Netscape® Open Directory service on Netcenter, the first open content Web search service. In addition, Netscape will provide exposure to European and Canadian audiences, coinciding with the launch of eBay's international pages in Canada and the United Kingdom this month. This relationship will continue to evolve over time to include additional advertising across the site and within the Netcenter Newsletter.

About Netscape
Netscape Netcenter is Netscape's leading portal site that provides users with a home base on the Internet. From Netcenter, users can navigate the Internet, access a broad range of consumer and business content and services, and communicate with others online. The site includes eighteen content channels, a set of leading-edge services including the new Netscape-branded Search, Netscape Contact, Netscape SmartUpdate, Software download, member Directory, My Netscape personalization service, and WebMail.

Netscape Communications Corporation is a leading provider of software and services for businesses that want to transform the way they create and keep customers in the emerging Net Economy. The company offers a full line of enterprise software solutions, professional services, and a leading Internet portal to help companies build, buy, or outsource Internet applications that drive revenue growth, build customer loyalty, and create new levels of business efficiency. Traded on NASDAQ under the symbol NSCP, Netscape Communications Corporation is based in Mountain View, Calif.

About eBay
eBay (www.ebay.com), the world's personal trading community^TM pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 2.1 million registered users. Currently, there are more than 1.4 million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include technical or contractual difficulties in fully implementing planned programs, and other factors discussed in the "Risk Factors" sections in the company's prospectus and in the company's quarterly report on Form 10Q for the period ended September 30, 1998.

Netscape, Netscape Navigator, Netscape Certificate Server, Netscape ONE, SuiteSpot, the Netscape N, and Ship's Wheel logos are registered trademarks of Netscape Communications Corporation in the United States and other countries. Other Netscape logos, product names, and service names are also trademarks of Netscape Communications Corporation, which may be registered in other countries. Other product and brand names are trademarks of their respective owners.

*According to industry sources.

eBay Soars To New Heights
-- Secures Position as the Second Most Popular Site on the Internet

San Jose, Calif. Jan. 29, 1999 -

eBay^TM (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced that it is ranked the second most popular site on the Internet, when measured by total user minutes per month (696 million total user minutes), according to Media Metrix December 1998 Web report.

As a result of the close relationship eBay has built with its community, the site provides high user satisfaction and continues to attract large numbers of new registered users.

"My experience on eBay has been fraud-free," said Bill Bryant of San Jose, Calif., an avid collector of aviation memorabilia. "In the past six months I have bought over 100 items on eBay and have had only very positive experiences with sellers. It's pretty clear to me that the issue of fraud between buyers and sellers has been blown way out of proportion in recent weeks and does not reflect the majority of eBay user experiences."

Shanna and Wayne Bumbaca of Sheridan, Wyo., with the help of a full-time employee, average 1,000 transactions on eBay each week. They started trading on eBay in June 1997 and now earn their living entirely by selling artwork, mainly loose and framed prints, on eBay.

"My experience on eBay has been amazing," said Shanna. "All eBay users that we have conducted business with have been very honest. eBay certainly keeps us busy, but we have a lot of fun with it."

"My business has tripled this past year because of eBay," said Jon Bertolino, owner of Toizrit Inc. in Elgin, Ill. He sells collectible toys and vintage writing instruments, such as diecast Hot Wheels from the 1960s through the 1970s and Parker pens from the 1920s through the 1950s, on eBay. "I am amazed with the new forum that eBay has provided for my business and ecstatic with the success that I have found on the site. The quality of buyers on eBay continues to impress me."

Due to the tremendous growth of his sales on eBay, Jon has eliminated most of his print advertising and direct mailings to buyers. "eBay is just wonderful. Not only is my business booming, but also I have more time to focus on my personal life. Instead of continuous phone calls from buyers, I just post a picture and description on eBay, and the check arrives in the mail."

According to the Media Metrix report, eBay is the number three shopping site and the 20th most visited site on the Internet, when measured by percent reach. eBay's consolidated reach is 9.9 percent, representing approximately 5.6 million unique viewers.

"From October to December 1998, eBay's community grew from 1.2 million registered users to 2.1 million registered users, an increase of 72%. Over three years, eBay's exponential growth is the equivalent of growing from a small village into a major metropolitan area roughly the size of San Francisco, Oakland and San Jose combined," said eBay president and CEO Meg Whitman. "eBay offers the broadest selection of items for sale anywhere on the Internet - and quite possibly in the world - with more than 1.4 million items up for auction each day in more than 1000 categories. In fact, every minute of every day more than 150 new items are listed, more than 500 bids are placed, and seven new people register on eBay."

While less than 1/100 of one percent of the millions of transactions conducted on eBay have a reported fraud complaint, eBay aggressively works to prevent fraud and has recently instituted and intensified a number of initiatives to eliminate negative experiences on the site. eBay's comprehensive SafeHarborTM program was established to promote safe online trading as well as protect the community from fraud, the sale of illegal or infringing materials and people that would misuse the system.

About eBay
eBay (www.ebay.com), the world's personal trading communityä, pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than two million registered users. Currently, there are more than 1.4 million items listed for sale. More than 200,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

eBay's response to the investigation by the New York City Department of Consumer Affairs

"eBay is eager to work with law enforcement regarding alleged fraudulent items sold on the site," according to Meg Whitman, eBay president and CEO. "We have zero tolerance for fraud.

We invite the New York Department of Consumer Affairs to share with us any and all information in this alleged case. We will make it our up-most priority to cooperate and resolve this issue."

It is unfortunate that the basis for several articles in the New York Post is attributed to an "unnamed source." This makes it hard to directly address this issue.

To date, the New York City Department of Consumer Affairs has made no requests for either information about eBay users or regarding eBay's internal policies for handling fraud complaints. Whitman stated, "Should New York City Department of Consumer Affairs decide to pursue an investigation, we pledge to work with the agency and cooperate fully to help resolve the issue."

According to Whitman, "It has always been eBay's practice to cooperate fully with any investigation involving improper or illegal activity by users on the site. We take pride in our community of 2.1 million users and our close working relationship with law enforcement and regulatory agencies. While less than 1/100 of 1 percent of the millions of transactions have a reported fraud complaint, eBay takes every one seriously.

While we do not have liability, we do have a responsibility to our community of users with respect to fraud prevention. Our responsibility-and one we take seriously-is to provide eBay users with effective tools, including insurance and escrow, that promote a safe trading environment.

Since the company was founded three years ago, eBay has taken numerous, significant steps to help ensure its users that they have safe and successful auctions."

Two weeks ago eBay announced even more SafeHarbor tools for users to utilize before, during and after the auction. Following is a list of the current and soon-to-be introduced 'Trust & Safety' resources on eBay:

Highlights of eBay's SafeHarbor trust and safety program includes:

Free insurance from Lloyd's of London
User registration validation with upcoming "Verified eBay User" status with accompanying icon
Comprehensive Feedback Forum
Easy to access to escrow
Tough Non-Paying Bidders and Shill Bidding policies
Clarification of illegal items that are not permissible for sale
Strong anti-piracy and anti-infringement program under the Legal Buddy program
24/7 customer support
Close working relationship with law enforcement agencies
Educational auction tips and guidelines

Compaq and eBay Offer Easier Access To Leading Online Trading Community

HOUSTON and SAN JOSE, January 25, 1999

In a step to make buying and selling on the Internet easier, Compaq Computer Corporation (NYSE: CPQ), the largest global supplier of computing systems and eBay (NASDAQ: EBAY), the world's largest person-to-person online trading community, today announced a strategic U.S. co-marketing relationship.

Through the agreement, Compaq later this quarter will feature an eBay icon exclusively on the Compaq Prosignia Desktop 310 and Notebook 210 personal computers. In addition, eBay will promote Compaq Prosignia computers at more than 90 tradeshow events throughout the year.

"Compaq is committed to offering businesses and individuals online trading solutions that fuel their growth and profitability," said Kenny Kurtzman, Vice President and General Manager, Small and Medium Business Division, Compaq Computer Corporation. "By integrating the eBay icon on the desktop of our Prosignia line, we are providing users with an introduction to the Internet's most popular destination for person-to-person trading."

"Many eBay users are business people who sell on eBay full-time. Others have told us that they purchased their first computer specifically to buy and sell items on eBay," said Steve Westly, eBay vice president of marketing. "eBay's partnership with Compaq now makes it even more convenient for business people and new computer owners to jump right in to begin browsing, shopping and selling on eBay."

Compaq's customer Choice model allows customers to configure and buy Prosignia products and services directly from Compaq through its DirectPlus Web site at http://www.directplus.compaq.com, by calling 1-800-888-9909 or from their local Compaq authorized Reseller/direct marketer of choice.

About Compaq Computer Corporation
Compaq Computer Corporation is a Fortune Global 100 company. Compaq is the second largest computer company in the world and the largest global supplier of computing systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, networking and communication products, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices.

Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at http://www.compaq.com.

About eBay
eBay (NASDAQ: EBAY; www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site in an auction format on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.3 million registered users. Currently, there are approximately one million items listed for sale. More than 150,000 new items are added daily, in more than 1,000 categories, including: antiques; books, movies, and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

A Picture Is Worth A Thousand Words
eBay's New "Gallery" Feature Revolutionizes the Online Person-to-Person Trading Community

San Jose, Calif. Jan. 25, 1999

eBay(tm) (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced a revolutionary feature that gives online trading a whole new look - the eBay "Gallery." Providing users with a more intuitive way to browse and place bids, the eBay Gallery showcases auction items in a catalog of pictures rather than text. The result for eBay users is a fun and richer trading experience.

"The eBay Gallery will dramatically change the way people trade online. We are enabling our users to navigate through the site in a faster and more efficient, visually appealing format," said Brian Swette, senior vice president of marketing for eBay.

Unique to eBay, the Gallery is currently available in the "Antiques" category and will be rolled out into other eBay categories within the next few months. This new proprietary technology, patent pending, was developed in-house at eBay. "We have created sophisticated technology that indexes hundreds of thousands of images real-time every day and presents them to our users in a compelling way," said Mike Wilson, vice president product development and site operations.

Feedback from the eBay community inspired the development of the Gallery. eBay users requested a more visually exciting shopping experience to add to the thrill of bidding on unusual, hard-to-find and gotta-have items.

"This new technology is enabling people to experience eBay the way they experience the world - visually," continued Swette. "Browsing through the eBay Gallery is like strolling through the mall and window shopping. With pictures to spark their curiosity, users will not only enjoy looking at the categories they usually visit, but also explore different areas and find new items of interest."

When eBay users select a category, they will have the option to browse items up for auction in the Gallery or via the standard text format. While the text mode lists items in a column by title, items in the Gallery appear as a series of pictures with the title, current bid and remaining auction time listed below. Users may click on an individual image for more details about that particular auction. Similar to the text listings, the Gallery offers the highly popular "Featured Auctions," in which specific items are highlighted within each category.

About eBay
eBay (www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.3 million registered users. Currently, there are more than one million items listed for sale. More than 150,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include technical or contractual difficulties in fully implementing planned programs, and other factors discussed in the "Risk Factors" sections in the company's prospectus and in the company's quarterly report on Form 10Q for the period ended September 30, 1998.

eBay^TM Launches The Most Comprehensive Trust And Safety Upgrades To The World's Largest Person-To-Person Trading Site
Online community to benefit from free insurance, SafeHarbor(tm) 2.0 and the Legal Buddy Program 2.0 as eBay continues to ensure a safe and fun place on the Internet for person-to-person trading

San Jose, Calif. Jan. 15, 1999

eBay(tm) (www.ebay.com, NASDAQ: EBAY) -- the world's leading person-to-person online trading community -- announced today the release of its updated SafeHarbor and Buddy Programs. SafeHarbor(tm) 2.0 and the Legal Buddy Program 2.0 are comprehensive programs that help promote safe online trading as well as protect the community from fraud, the sale of illegal or infringing materials and people that would misuse the system. Highlights of the comprehensive trust and safety program:

Free insurance from Lloyd's of London
Verified eBay User status with accompanying icon
Enhanced Feedback Forum
Easy access to escrow
Tougher Non-Paying Bidders and Shill Bidding policies
Clarification of illegal items that are not permissible for sale
Strengthened anti-piracy and anti-infringement program

While less than 1/100 of 1 percent of the millions of transactions have a reported fraud complaint, eBay takes every one seriously. Since it was founded in 1995, eBay has instituted a number of safety tools and resources including the Feedback Forum in Feb. '96 and SafeHarbor in Feb. '98. to actively work with the community and law enforcement agencies. eBay is now expanding this industry-leading program and providing even more with new tools and safeguards to make the site a safe place to trade online.

"eBay has zero tolerance for fraud," stated Meg Whitman, eBay president and CEO. "These new upgrades to the SafeHarbor and Legal Buddy Programs are designed to meet the demands of our growing community. While fraud and other trust and safety issues are not new, eBay's solutions are. We have committed and will continue to commit resources to have the most comprehensive programs in order to keep eBay a SafeHarbor for online person-to-person trading."

SafeHarbor(tm) 2.0
eBay vigilantly looks to protect its community and has created SafeHarbor 2.0 with new mechanisms added to its existing ones to help complete successful transactions, research complaints, and work with law enforcement agencies to investigate, arrest and convict fraudulent buyers or sellers on eBay.

Verified User Program
Currently, when a person joins the eBay community, they submit contact information that is verified at the time of registration and periodically updated to confirm its validity. In March '99, a new voluntary program -- Verified eBay User -- will encourage users to supply eBay with additional information for online verification. By offering their social security number, driver's license number and date of birth, users will, at an introductory price of $5, qualify for the highest level of verification on eBay. Verified eBay User status with accompanying icon means other eBay members can conduct transactions with added confidence in the identity of the user. All users' information will be protected under the eBay Privacy Policy and used exclusively for verification purposes.

"As a dedicated eBay member, I am in favor of the Verified eBay User program," stated Brent Peterson, an eBay user with 587 positive feedback points. "Now when I look up a user's profile, I will look for the Verified eBay User icon. For me, this symbol next to their name is another added level of confidence and trust."

To provide this online verification information, eBay will partner with Equifax Secure Inc., a division of Atlanta-based Equifax Inc., a trusted provider of consumer and business information. In evaluating the identity of the user, Equifax will compare and analyze the information provided by the user against consumer data from Equifax and other consumer and business information sources. The transfer of all private member information will be secure and encrypted.

Feedback Forum
At the core of the eBay community is the Feedback Forum, where registered buyers and sellers build up their online trading reputation. The Feedback Forum provides users with the ability to comment on their experiences with another individual. This creates a user feedback profile, which follows the user everywhere on eBay. Enhancements to the Feedback Forum will distinguish between feedback tied to a transaction (with the item number) and general feedback. In addition, for easier reading, responses and clarifications to comments will now be tied together to encourage further dialogue.

Insurance
By March '99, SafeHarbor 2.0 will automatically provide insurance from Lloyd's of London for users (with a net non-negative feedback rating) on their auctions up to $200, subject to a deductible of $25. eBay and Lloyd's of London have designed this program to set a new standard for safe online trading at no cost to the user.

For items over $200 or when either a buyer or seller feels the need for additional security, eBay recommends escrow services. With an easy to access link to a third-party escrow service, both partners in the deal will be protected.

Shill Bidding Policy
Trust within the community is lessened when a user makes a bid on an item with the intent to drive up the price of item and not to purchase it. With a new tougher shill bidding policy, eBay drives home the message that it does not tolerate shill bidding on one's own items either directly or through the use of multiple identities. The policy now clearly states there is a 30-day suspension for first time offenders and indefinite suspension following a second offense.

Non-Paying Bidder Policy
To help protect sellers, clear policy guidelines are also being set forth for non-paying bidders, a community-coined word for bidders who do not honor their commitment after winning an auction. Since there can be extenuating circumstances, first time non-payment results in a friendly warning. A sterner warning is issued for a second time offense with a 30-day suspension for a third offense and indefinite suspension for the fourth offense. This feature takes effect immediately and works independently of the Feedback Forum.

An additional upgrade to SafeHarbor 2.0 is the further clarification of illegal items that are not permissible for sale on eBay. As clearly outlined in the User Agreement, eBay does not allow the posting of items that are in violation of laws, statutes, ordinances or regulations. To further define this point, eBay will post a partial reference list of less obvious non-permissible items, which include live animals, human relics and remains, bulk email lists and other items.

Legal Buddy Program 2.0
The Legal Buddy Program has been upgraded by strengthening the ongoing relationship between eBay and Content Owners, the owners of intellectual property rights or copyrighted items. eBay is currently working with more than 100 industry-leading companies from software publishers to toy manufacturers to apparel makers.

Once notified by a Content Owner, eBay will remove illegal or unlicensed items. To help alert Content Owners, eBay has developed numerous tools, including an automated daily key word search for Content Owners to use to quickly enable them to find potentially infringing auction items. Dedicated email accounts will be established for Content Owners to contact eBay to remove the questionable items.

When items are removed from the site an email notice will be sent to the seller as well as any bidders, directing them to the Content Owner for further information. Many Content Owners are providing an educational "About Me" Web page to give users further information about copyrighted or other infringing items, what is permissible and not permissible to sell, FAQs and a company contact to discuss the authenticity of the item.

Enforcing SafeHarbor 2.0 and the Legal Buddy Program 2.0, the SafeHarbor Team currently consists of 24 members. This dedicated staff works around the clock to remove items and suspend users for inappropriate behavior. The Team diligently investigates and pursues claims of fraud and inappropriate or infringing items and works closely with local, state and Federal law enforcement agencies, including the FTC, FBI, ATF, state attorneys general and the Postmaster General.

As the community has always defined eBay, these changes to the SafeHarbor and the Legal Buddy programs will be launched in concert with community input and involvement in the first quarter of the year. Beginning next week, eBay will host discussions and invite community members to post their input on the "Discuss eBay's Newest Features" board. In addition, conforming changes will be made to the user agreement and Community Guidelines to take into account the new SafeHarbor 2.0 and Legal Buddy Program 2.0.

"We applaud eBay for taking these innovative steps to reduce the potential for problems with online auction transactions," said Susan Grant, director of the National Consumers League's Internet

Fraud Watch (IFW) program. "Providing more reliable information about sellers and preventing shills from abusing the system should give consumers more confidence in bidding for items." The IFW program, which can be reached through www.fraud.org, offers advice to online shoppers and relays consumers' reports about suspected Internet fraud to law enforcement agencies. IFW's online auction tips, including how to pay the safest way, are featured on the eBay site.

eBay is changing the way people collect by opening the world of the Internet to people from across the country to share their passion for collectibles, hard-to-find items or other auctionable items.

About eBay
eBay (www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.3 million registered users. Currently, there are more than one million items listed for sale. More than 150,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include technical or contractual difficulties in fully implementing planned programs, and other factors discussed in the "forward-looking information" section in the management's discussion and analysis included in the company's prospectus and in the company's quarterly report on Form 10Q for the period ended September 30, 1998.

Mark McGwire and Sammy Sosa 1998 Home Run Balls To Be Auctioned Online and On-Live
eBay to Begin Auction January 5 on the Internet; Guernsey's to Conclude Bidding January 12 at Madison Square Garden

SAN JOSE, Calif., Jan. 4

/PRNewswire/ -- The opportunity to own a piece of baseball history starts tomorrow on eBay (Nasdaq: EBAY; www.ebay.com). Four Mark McGwire and three Sammy Sosa 1998 home run balls will be auctioned in a manner perhaps as historical as the balls themselves. The auction will begin at eBay, the world's largest person-to-person online trading community, where qualified bidders may place bids January 5 through January 11. The next day, January 12, Guernsey's, the New York auction house, will conclude the auction at Madison Square Garden in what is believed to be the first-ever On-Live(tm) auction.

The auctions will consist of four Mark McGwire home run balls, including the 63rd, 67th, 68th, and the record smashing 70th ball, and Sammy Sosa's 61st, 64th, and 66th balls. In addition, other historic baseballs will be available for auction On-Live, January 12. Anyone interested in following the auction can look for the "Home run Ball" link on eBay, check out "...other happenings" on eBay's home page, or go directly to http://pages.ebay.com/homerun-ball.html

The online portion of the historic auction will begin with seven, individual private auctions on eBay beginning January 5 at 12 p.m. PST. On January 11 at 12 p.m. PST, the eBay auctions will close and the top three bids from each home run ball will advance to the On-Live portion. The On-Live auction will begin at 9 a.m. PST on January 12 at Madison Square Garden with a minimum bid equal to the highest bid from the online auction. Each of the three online bidders will place bids in traditional eBay proxy fashion -- placing the highest bid amount they would pay for the item. The eBay system will increase their bids automatically relative to other bids, both online and On-Live, until reaching that maximum bid.

"Hosting this historic sports auction is truly an honor for eBay," said Steve Westly, eBay vice president of marketing and business development. "Never before has such a prestigious auction of America's greatest pastime been available to the online community. The online format brings this historic auction to a broader audience of people who have never been able to participate in an auction of this scale before."

Online bidders will have the opportunity to increase their maximum bid a nytime during the auction. Bidding against the three online bidders will be a number of On-Live bidders at Madison Square Garden. Linking them together will be a large screen displaying the eBay Web page hosting the auction.

"This is the big auction that everyone has been waiting for and Guernsey's is thrilled to contribute to baseball's history," said Arlan Ettinger, president of Guernsey's. "The combination of an online and On-Live auction hosted by Guernsey's and eBay signifies one of the most historic sports memorabilia collecting events to date. Truly, this unique partnership will offer sports memorabilia collectors worldwide an opportunity to bid on a piece of history."

Bidder Verification
In order to take part in this historic auction through eBay, participants will follow a bidder verification process developed for this high-profile event. All participants must become registered eBay users and will be required to do the following:
* Complete and return a Home run Ball user agreement to eBay
* Provide financial qualifications to Guernsey's by obtaining an irrevocable letter of credit from the participant's financial institution for the maximum amount that will be bid on all lots included in this auction (minimum amount: $100,000)
* Purchase an auction catalog for "The Baseballs of 1998" from Guernsey's.
Specific details concerning the auction can be found on the eBay Web site by visiting http://pages.ebay.com/homerun-ball-participate.html. For more information about purchasing an auction catalog, contact Guernsey's directly or visit http://www.guernseys.com.

History of These Home Run Baseballs
Major League Baseball's magical season climaxed on September 27, 1998, when Phil Ozersky caught Mark McGwire's 70th home run ball at Busch Stadium. The 70th ball is the crown jewel of this unique auction, but all the baseballs have their own place in history. On September 15, Mark McGwire stepped to the plate against the Pittsburgh Pirates and belted home run number 63 (450th of his career), which was caught by John Grass in the left-center field stands at Busch Stadium. On September 26 in St. Louis, McGwire came to the plate in the fourth inning against Montreal and smacked home run number 67 into left field, where Douglas Singer was waiting, glove ready, to make history. In that same game, McGwire's 68th home run ball went to Heath Wiseman, a student from Iowa State University.

While McGwire was chasing a piece of history in St. Louis, someone was chasing McGwire in Chicago. McGwire's friend, Sammy Sosa, was also closing in on Roger Maris' record. Sammy Sosa's 61st home run ball, the one that tied Roger Maris' former record, will be a part of this live auction, with all the proceeds being donated to The Sammy Sosa Charitable Foundation. Also up for auction will be Sosa's 64th home run ball, caught by Veron Kuhlemeier in the right field stands of Milwaukee's County Stadium on September 23. Perhaps most impressive is the sale of Sosa's historic 66th home run ball, representing the second most home runs hit in a single season, hit on September 25 and currently owned by Albert Chapa.

A catalog describing each of the stories behind the seven home run balls is available from Guernsey's. The catalog features color photos of each ball and historical anecdotes from the famous home runs. Guernsey's, located at 108 East 73rd Street in Manhattan, is recognized as one of America's leaders in conducting specialized auctions of unique and rare 20th century objects. Some of Guernsey's more noted auctions include the JFK collection, the contents of the S.S. United States (the world's largest auction) and the first auction of artwork from the Soviet Union. Other sales include the art of Walt Disney, vintage carousel figures, and historic international racing cars.

About eBay
eBay (www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.8 million registered users. Currently, there are more than one million items listed for sale. More than 150,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

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