AOL Latin America Brings the Excitement and Passion of the World Cup to Members in Brazil, Mexico, Argentina and Puerto Rico.

Business Editors/Hi-Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 27, 2002

Offers Extensive World Cup 2002 Content In Conjunction

with Sportsio, Including Daily News, Up-to-the-Minute

Standings and Team Information

America Online Latin America, Inc. (NASDAQ:AOLA), one of the leading interactive services providers in Latin America, is bringing the excitement and passion of the 2002 World Cup to its members in Brazil, Mexico, and Argentina as well as to members of the AOL-branded service in Puerto Rico. AOL Latin America will have extensive coverage and content in special interactive areas on its Sports Channels and at Keywords: Mundial 2002 (Spanish) and Copa do Mundo (Portuguese). AOL Latin America's World Cup content offerings will also be available to AOL's U.S. members through AOL Keyword: Latino.

AOL Latin America's services will be showcasing content from Sportsio's TodoFutbol brand. Sportsio offers an array of interactive soccer content and is providing AOL Latin America with coverage before, during and after the Cup events. Sportsio's offerings include breaking stories covering all 32 competing nations, World Cup history, profiles of members' favorite soccer stars -- both past and present -- up-to-the-minute results and standings, match previews and post-game reactions, weekly polls and message boards. Highlights of AOL Latin America's Sportsio World Cup offerings include:

-- World Cup History including a look back at the 16 previous World Cups,
detailed information about the World Cup's best players, the soccer history of
all competing nations, historical stats and the stories behind the headlines of
the World Cup's classic matches;

-- Compelling information leading up to the 2002 World Cup including in-depth
profiles of this year's World Cup stars, stories following each team's road to
the World Cup and how each team qualified, and daily breaking news covering all
32 competing nations;

-- Up-to-the-minute World Cup news including pop-up windows featuring minute by
minute match highlights, continuously updated results and standings, match
previews and post-game reactions and quotes from coaches and key players, match
reports, pictures of the day, and the latest in breaking news and information;

-- Robust interactive offerings including the World Cup Savvy contest, which
tests members' knowledge of World Cup history; a Your World Cup Picture
contest, where members can submit World Cup photos they have taken; the Dream
Team poll, where members can select their ideal World Cup team; as well as
weekly polls, message boards and chats; and

-- A customized site including comprehensive news coverage of general soccer
events, news relating to the World Cup, official FIFA ranking of teams, soccer
themed screen savers, and links to select soccer-affiliated sites.

-- Travel Tips and Venue information will also be provided online for the
convenience of members traveling to the events in Korea and Japan.

Eduardo Hauser, Vice President of AOL Services for AOL Latin America, said: "The World Cup is a tremendously important event in Latin America, and we are thrilled to be providing our members with a dynamic and interactive package of online offerings for this year's Cup. Our members will have access to all the news, information and game highlights they need and want, along with interaction with other sports fans. These offerings are just one example of how AOL Latin America continues to bring its members the most compelling and relevant content to make the online experience an important part of their lives."

Rafael Jimenez, Managing Director, Sportsio Latin America, said: "Sportsio is delighted to be working with AOL Latin America, one of the leading interactive services providers in the region. We are pleased to be able to provide AOL members in Latin America with high caliber, diverse and comprehensive World Cup content. This agreement underscores Sportsio's commitment to providing fans worldwide with up-to-the-minute soccer news and compelling content."

In addition to Sportsio content, AOL Latin America's local services will be rounding out their coverage of the 2002 World Cup with additional content and offerings such as slideshows, historical accounts, online game offerings, and news and photographs from local partners in each country, including providers such as Lancenet, GazetaEsportiva.Net, Guia dos Curiosos, GolxGol, BestLife and Mundosoccer.com. AOL Latin America's services will be hosting regular World Cup 2002 chats, and will provide members with the tools to set up personal World Cup Web pages and AOL E-mail groups so friends can share their predictions and reactions to the tournament's developments.

About Sportsio

Sportsio is one of the leading providers of digital sports content and services to the world of soccer. Through its global network of 23 dedicated soccer Web sites, Sportsio operates in a rapidly growing international soccer community, with offices in the US, UK, Mexico, Colombia, Chile, Peru, Argentina and Brazil. Offering the very best in soccer content from match broadcasts, news and reviews to interactive community features & chats, as well as an online store system. Sportsio appeals to fans at every level of the game. Additionally, Sportsio provides tailored business-to-business solutions allowing companies and organizations to implement strategies that capitalize on the global online interest in the sport. Working with soccer clubs, international players, leagues and fan groups throughout the world, Sportsio's solutions include original editorial content, digital new media rights management, Web site management, e-commerce & online stores, and, the production and delivery of streamed media. The Sportsio network of soccer sites includes: http://www.todofutbol.com/, http://www.umbro.com/, http://www.onefootball.com/, and http://www.uslsoccer.com/, the official Web site of the United Soccer Leagues.

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. (NYSE:AOL), and the Cisneros Group of Companies. Banco Itau, a leading Brazilian bank, is also a minority stockholder of AOL Latin America. 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 and serves (from the U.S.) members of the AOL-branded service in Puerto Rico. It also operates a regional portal accessible at www.aola.com. AOL's 34 million members worldwide can access content and offerings from AOL Latin America through the International Channels on their local AOL services.