ADVISORY/YAHOO! Q2 2003 Earnings Announcement; Wednesday, July 9, 2003 at 5:00 PM ET / 2:00 PM PT.

Business Editors/High-Tech Writers

ADVISORY...for Wednesday (July 9)

--(BUSINESS WIRE)

    WHO:    TERRY SEMEL, chairman and CEO;
            SUSAN DECKER, chief financial officer.

    WHAT:   Yahoo!'s Q2 2003 earnings announcement conference call
            will take place July 9, 2003, beginning at 5:00 PM ET /
            2:00 PM PT. Yahoo! will report the Company's financial
            results for the second quarter ended June 30, 2003.

    WHEN:   Wednesday, July 9, 2003 at 5:00 PM ET / 2:00 PM PT

    HOW:    The live Webcast of Yahoo!'s Q2 2003 earnings conference
            call can be accessed at
            http://yhoo.client.shareholder.com/earnings.cfm. The
            Webcast will be archived within 24 hours of the end of the
            call and will be available through the same link.