AOL Latin America Announces Regional Content Agreement With the Weather Channel.

Business Editors/Hi-Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 7, 2001

World's Leading Source of Weather on the Web to Provide Up-to-Date

Weather Conditions, Forecasts and Other Information Available In

Customized AOL Weather Areas and on Co-Branded Web Sites

America Online Latin America, Inc. (NASDAQ:AOLA), one of the leading interactive services providers in Latin America, today announced an agreement with The Weather Channel, the world's leading source of weather information on the Web, to provide up-to-date weather conditions, forecasts and other travel planning information across AOL Latin America's services.

At AOL Keyword: Tiempo/Clima (Spanish) or Tempo/Clima (Portuguese), AOL Latin America members have access to local, national, regional and worldwide weather information, including hourly updated reports on current conditions and regularly updated 10-day forecasts provided through weather.com, the online arm of The Weather Channel. The Weather Channel provides forecasts for more than 7,000 international cities, including more than 700 Brazilian cities and more than 100 cities each in Mexico and Argentina. The Weather Channel content will also include satellite photos, weather news, weather facts and airport conditions. In addition, the companies will engage in a variety of online and offline cross-promotional activities.

Eduardo Hauser, Vice President of AOL Services for AOL Latin America, said: "AOL Latin America is pleased that our members have such useful and impressive content that brings convenience to their everyday lives, particularly from a renowned global provider like The Weather Channel. AOL Latin America members are increasingly depending on our services for daily information and we believe that weather information and forecasts are among the top services online consumers want access to on a daily basis. This agreement with The Weather Channel underscores our commitment to providing our members with the most convenient, useful and compelling interactive experience."

Louis Bucciarelli, Director of International Business Development for weather.com, said: "This agreement enables AOL Latin America's members to access and experience best-in-class weather content provided by weather.com/brasil and weather.com/espanol. With reliable weather information, people are better able to plan their lives, whether this means planning for a business trip or a weekend at the beach."

The Weather Channel cable television network reaches more than 8 million customers in Latin America through its two cable networks, El Canal del Tiempo, and O Canal do Tempo. The Weather Channel's offerings are available in customized "weather areas" across AOL Latin America's services in Brazil, Mexico and Argentina, as well as the AOL-branded service in Puerto Rico. Content from The Weather Channel is also available at AOL Latin America's individual country portals, its regional Web portal (www.aola.com), and through its AOL Mobile wireless service. This agreement extends the current offerings that have been available to AOL Latin America's members since January.

Through weather.com, The Weather Channel began delivering weather information, including current conditions and forecasts for 77,000 locations around the world, to AOL, AOL.COM, Netscape Netcenter, and CompuServe in November 1999. Additionally, The Weather Channel provides AOL's family of brands with specialized content, including expanded weather-related news coverage, multimedia slide shows, and content relating to the impact of weather on a variety of lifestyle areas, including health, travel and outdoor activities.

AOL Latin America and The Weather Channel will make similar services available on co-branded Internet sites at: www.aola.tiempo.weather.com (Spanish) and www.aola.tempo.weather.com (Portuguese).

About AOL Latin America

America Online Latin America, Inc. (NASDAQ:AOLA) is the exclusive provider of AOL-branded services in Latin America and has quickly become one of the leading Internet and interactive services providers in the region. AOL Latin America launched its first service, America Online Brazil, in November 1999, and began as a joint venture of America Online, Inc., a wholly owned subsidiary of AOL Time Warner Inc. and the Cisneros Group of Companies. The Company combines the technology, brand name, infrastructure and relationships of AOL, the world's leader in branded interactive services, with the relationships, regional experience and extensive media assets of the Cisneros Group of Companies, one of the leading media groups in the Americas. The Company currently operates services in Brazil, Mexico and Argentina, a regional portal accessible at www.aola.com, and serves members of the AOL service in Puerto Rico. Banco Itau a leading Brazilian bank, is also a minority stockholder of AOL Latin America.

About weather.com

weather.com, The Weather Channel Web site, is the world's leading source of weather on the Web. weather.com is consistently ranked among the top single-content sites on the Web by Media Metrix and as one of the leading news and information sites by Nielsen//NetRatings. Averaging 350 million page views and 14 million unique users per month, the weather.com network offers comprehensive weather information for more than 77,000 locations worldwide and provides relevant content to help users plan for everyday life. Additionally, weather.com reaches an extended network of users through multiple platforms and strategic partnerships. weather.com is the leading provider of broadband and wireless weather products via high-speed Internet services, phones, pagers, Palm Pilots, and other personal digital assistants. Partnerships include America Online, AT&T WorldNet, Excite@Home, ABCNews.com, Digital City, Road Runner, Verizon Wireless, Cingular, AT&T Wireless, Sprint PCS, AvantGo and Palm Computing.