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FOR IMMEDIATE RELEASE

Yahoo! Australia & NZ and eBay Australia Sign Online Marketing Agreement eBay to become Yahoo! Australia & NZ's Preferred Online Auction Marketplace   SYDNEY, 6 August 2003 - Yahoo! Australia & NZ (www.yahoo.com.au), a leading local provider of consumer and business services today announced a significant marketing relationship with eBay, Australia's online auction and fixed price marketplace. Under the terms of the multi-year agreement, eBay will advertise throughout the Yahoo! Australia & NZ network. Together, the two companies will develop an extensive marketing campaign that will include a wide range of creative online marketing solutions. In addition, eBay will be named and featured as the preferred online auction marketplace on Yahoo! Australia & NZ. The marketing relationship between the two companies was developed following Yahoo! Australia & NZ's decision earlier this year to suspend its auction service SOLD.com.au. The decision was consistent with Yahoo!'s company-wide approach to focus on areas that will drive long-term growth and profitability, for example, Yahoo!'s new small business offerings, sponsored search and the new Yahoo! Australia & NZ Personals. All of SOLD.com.au's staff and resources will be redeployed toward key growth areas in the company. Auction services across the rest of the Yahoo! global network are not affected by this agreement. "This is a great move for Yahoo! Australia & NZ as it allows us to focus our efforts on growth, new initiatives, our marketing services for small through to large businesses and the Yahoo! brand," said Clifford Rosenberg, managing director, Yahoo! Australia & NZ. SOLD.com.au will no longer accept new submissions for sale, though all current auctions will be able to run to conclusion. The service will then be suspended within two weeks. Yahoo! Australia & NZ will ensure that affected auctions users are kept well informed of any developments. -ENDS- About Yahoo! Australia & NZ Yahoo! Australia & NZ (www.yahoo.com.au) is one of the most recognised Internet brands in the region. www.yahoo.com.au is part of the global network of Yahoo! sites. Yahoo! provides comprehensive online products and services to over four million Australian and New Zealand consumers and businesses each month. About eBay eBay (www.eBay.com.au) is Australia's online marketplace. Founded in 1995, eBay created a powerful marketplace for the sale of goods and services through fixed price and auction formats by a passionate community of individuals and businesses. Today, eBay has more than 75.3 million registered users listing millions of items across thousands of categories. As the place to buy and sell practically anything, eBay enables trade on a local, national and international basis with items ranging from handbags to home décor, PC's to pottery, cars to cosmetics, baby clothes to books, and much more. For further information please contact: Gareth Llewellyn or Michelle Hampton Professional Public Relations 02 9818 4044 Olivia Martin Spin Communications (eBay) 02 9360 3377 Copyright © 1994-2003 Yahoo! Inc. All Rights Reserved.