AOL Announces: Jim Bankoff Named President of Netscape; Will Build on Recent Momentum for Netscape.com Portal, Netbusiness Initiative.

Business Editors/Hi-Tech Writers

DULLES, Va. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 18, 2001

America Online, Inc., the world's leading interactive services company, today named Jim Bankoff, formerly Vice President of Strategy and Operations for the AOL brand, as President of Netscape.

Bankoff will be responsible for directing business operations and managing the continued growth of Netscape.com, one of the most visited sites on the Internet, and for the Netbusiness initiative, the most comprehensive online destination for small businesses. Current Netscape head Jim Martin will continue to serve America Online, Inc. in a new assignment.

"Under Jim Martin's leadership, Netscape has built momentum behind an impressive series of accomplishments," said Barry Schuler, Chairman and CEO, America Online, Inc., in making the announcement.

"From the launch of the pioneering Netscape 6.0 browser to the unveiling and explosive growth of the Netbusiness initiative and passage of the 37 million member milestone for Netscape.com, Netscape is accelerating and moving into the fast lane.

"I'm pleased that Jim Bankoff will help us take Netscape to the next level; he has proven himself to be one of the most creative and capable executives at AOL, and under his leadership I'm confident that the future at Netscape will be even brighter."

"In many ways, the history of Netscape is the history of the Internet itself, and I'm honored to have the opportunity to work with one of the best teams in the business to help write the next chapter of Netscape's success," said Bankoff.

"With strong growth in registered users and visitors, an aggressive new strategy and one of the strongest brands on the Internet, Netscape is extremely well positioned to extend its leadership as a pre-eminent destination and online resource."

As Vice President of Strategy and Operations for the AOL Brand, Bankoff directed several critical businesses and operating infrastructure groups that supported the AOL core service. His responsibilities included managing business strategy, new category development and content acquisition in addition to several cross-brand strategic initiatives for the AOL Interactive Services Group.

Bankoff also led the AOL Plus and AOL Music programming groups. In addition, in the months following AOL's merger with Netscape, Bankoff was instrumental in assisting with the operational integration and strategic planning development for Netscape.

During his five-plus year tenure at AOL, Bankoff has also served as a Director in AOL's Electronic Commerce Business Development Group and as a Director of Business Development for the AOL Greenhouse, an Internet content company incubator.

Bankoff joined AOL in 1995. Prior to working at AOL, he held positions at Ruder Finn's Global Public Affairs group and CNN. Bankoff received his MBA from The Wharton School at the University of Pennsylvania and his BA from Emory University.

About America Online, Inc.

America Online, Inc. is a wholly owned subsidiary of AOL Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services.