AOL Latin America and The San Juan Star Company Announce Exclusive Content Agreement in Puerto Rico.

Business Editors/Hi-Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 15, 2001

America Online Puerto Rico Will Become Online Home for News, Sports

and Entertainment Content from Key San Juan Star Publications

America Online Latin America, Inc. (NASDAQ:AOLA), one of the leading interactive services providers in Latin America, today announced an exclusive online content agreement with The San Juan Star Company, publisher of the Pulitzer Prize winning San Juan Star, the only newspaper published in both English and Spanish on the Island.

America Online Puerto Rico will be the exclusive online home for English and Spanish content from key San Juan Star Company publications including: The San Juan Star and its Spanish language counterpart, El San Juan Star; the daily regional newspapers El Mayaguez Star, El Ponce Star, and El Arecibo Star; the lifestyle magazine, San Juan City; the student newspaper Star Quest; and the only afternoon newspaper in Puerto Rico, El Star Extra.

The San Juan Star Company will serve as the premier news content provider on America Online Puerto Rico's News Channel, and content from El San Juan Star will be available through AOL Keywords: San Juan Star, The San Juan Star, and El San Juan Star. America Online Puerto Rico also plans to make available news and information from additional San Juan Star Company publications through separate AOL Keywords. Additionally, the agreement offers AOL members in Puerto Rico the chance to discuss, debate and speak out on a wide variety of issues, including international current events, local news and community issues, through dynamic interactive features such as online polls and message boards.

Ramon Magual, General Manager of America Online Puerto Rico, said: "We are delighted to be working with The San Juan Star Company, one of the most well-respected news sources in Puerto Rico. We are committed to creating an online experience that is uniquely relevant to our members' everyday lives, and this addition of award-winning local news, sports and entertainment content will be an invaluable and compelling enhancement for both our English and Spanish-speaking members. We are excited that The San Juan Star has chosen AOL as its exclusive online partner and together we will build an online presence for The San Juan Star that will further its reputation as one of the Island's leading sources of news and information."

Gerardo Angulo, Owner and Publisher of The San Juan Star Company, said: "We are thrilled to announce this exciting content relationship with AOL Latin America in Puerto Rico. As one of the leading media companies on the Island, we felt it was important to establish a virtual home and offer our readers the opportunity to access our news coverage online. AOL Latin America is the ideal partner to help reach this goal. By making content from our leading publications available online, we are making our product even more accessible in today's fast-moving world and further developing the San Juan Star brands among an increasingly sophisticated audience."

America Online Puerto Rico is built on the AOL U.S. service and offers all the features, content and functionality available to U.S. members. In addition, America Online Puerto Rico offers consumers a choice of content and features specifically designed for the Puerto Rican marketplace, such as Spanish and English language content and local news. When members in Puerto Rico log on, they can access a customized Puerto Rico channel bar at Keyword: Canales PR, highlighting local content on seven customized channels: Noticias, Deportes, Entretenimiento, Guia Local, Internacional, Educacion and Solo Para Ninos.

America Online Puerto Rico refers to the U.S.-based AOL-branded service available to AOL members who access the service in Puerto Rico.

About The San Juan Star Company

The San Juan Star started in 1959 and has developed into the most complete media network in Puerto Rico, including six daily newspapers, four weekly newspapers and 10 magazines.

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 31 million members worldwide can access content and offerings from AOL Latin America through the International Channels on their local AOL services.