America Online Announces Key Marketing Relationship with Best Buy; AOL and AOL for Broadband Services Promoted in Best Buy Retail Outlets Nationwide.

Business Editors/High-Tech Writers

DULLES, Va.--(BUSINESS WIRE)--April 3, 2003

BestBuy.com Products Featured In Several Key AOL Commerce Areas

America Online, Inc., the world's leading interactive services company, today announced a new relationship with Best Buy, one of North America's leading specialty retailers of consumer electronics, personal computers, entertainment software and appliances, to provide in-store promotion of the AOL and AOL(R) for Broadband services in more than 500 Best Buy stores across the United States. In a separate agreement, Best Buy's wide selection of consumer products are now available in several key areas across the AOL service.

Under a new agreement, the AOL and AOL(R) for Broadband services will be featured in Best Buy stores nationwide, allowing Best Buy to offer consumers everything they need for home connectivity, including access to AOL and the Internet at whatever speed they prefer. Special displays will provide information about AOL's selection of online services, and store employees will be trained to help consumers sign up for AOL.

In addition, a separate agreement brings BestBuy.com's broad selection of consumer products to commerce areas across AOL, including a variety of Shop@AOL's most popular areas such as Computing, Electronics and Entertainment. The promotions will be relevant to the products they accompany, as part of AOL's "commerce in context" approach to online shopping, and consumers are able to make purchases directly from BestBuy.com simply and securely.

"Best Buy's leadership in consumer electronics and connecting consumers to digital life solutions, combined with AOL's strength in interactive services, widens our ability to help consumers integrate the power and promise of the online experience at any speed," said Mike London, executive vice president and general merchandise manager for Best Buy. "Working with America Online, we will provide real value and convenience to our customers, while bringing BestBuy.com's great selection of consumer products to AOL and AOL for Broadband members."

Joe Redling, America Online's Chief Marketing Officer, said: "Best Buy and AOL are brands that millions of Americans know and trust, and we are pleased to join in a new relationship with such a leader in retailing. We look forward to working with Best Buy to help consumers get on the Internet and make the transition to broadband. AOL is kicking our broadband marketing into high gear, and Best Buy is a fantastic partner to have in this effort and to help introduce new customers to the value we offer."

The in-store AOL for Broadband promotions are part of AOL's first-ever major marketing campaign for its broadband offering. The multi-faceted campaign includes a series of television ads that debuted during the recent Oscars ceremony broadcast, a 50-city Mobile Marketing Tour, and more. AOL for Broadband features a unique online experience created for broadband consumers by combining cutting-edge communications, unmatched community, and a broad range of exclusive content to put some of the world's best entertainment and information resources at their fingertips.

For additional information about AOL for Broadband, members can visit AOL Keyword: Broadband where they can learn about broadband and place an order. Or consumers can call 1-800-574-1779, visit www.aolbroadband.com or www.bestbuy.com.

About America Online, Inc.

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