America Online Latin America, Burger King and Warner Music Latin America Launch Online Loyalty Program in Mexico.

Entertainment Editors/Business Editors

FT. LAUDERDALE, Fla. & MEXICO CITY--(BUSINESS WIRE)--May 13, 2003

Burger King(R) Customers Will Be Eligible to Win Exciting Prizes

by Registering Exclusively Through the AOL Mexico Portal

Underscores AOL Latin America's Focus on Developing Targeted

Marketing Initiatives

America Online Latin America, Inc. (Nasdaq:AOLA), one of the leading interactive services providers in Latin America, today announced a new marketing agreement among its Mexican subsidiary, AOL Mexico, S. De R.L. De C.V., Burger King Corporation and Warner Music Mexico, S.A. The agreement calls for the creation of an AOL Burger King loyalty program in which Burger King(R) customers can register to win fabulous prizes exclusively through the AOL Mexico portal.

This marketing initiative marks a first for AOL Latin America and Burger King to jointly target important segments of their consumer markets using an exciting online promotional campaign. Burger King customers will be eligible to win such prizes as a trip for two to Spain to attend a concert with the popular Spanish band "Hombres G", and visit backstage with the artists. Other prizes include having a private dinner with band members as well as personally autographed CD albums. This special promotion is a collective effort of AOL Latin America, Burger King Corporation, and Warner Music Latin America. It is an example of a coordinated joint marketing and cross-media campaign, which will include TV, radio, Internet, and restaurant point-of-sale (POS) advertising, leveraging these highly recognized brands.

As the first of a series of promotions to run over a six-month period, this special campaign will run for six weeks during which Internet users will be able to register exclusively through the AOL Mexico portal or through specially designed software CD's distributed in participating Burger King(R) restaurants in Mexico. AOL Mexico has created a special "AOL-Burger King " area in its portal with interesting and entertaining information on the promotion and other topics. During the first month of the promotion, on-site promoters will be available in several key selected restaurants to demonstrate the exciting features that will be available on the Burger King loyalty program section of the portal and to actively promote the registration of new AOL Mexico members.

Eduardo Escalante, President of America Online Mexico, said: "Adding Burger King, one of the world's premier consumer brands, to our list of marketing partners is complementary to our member acquisition efforts. Burger King has been a leader in developing creative ways to reach its customer base and we are very excited to be joining them in this exciting program."

Willie Zamora, Director of Marketing for Burger King Latin America/Caribbean Region, said: "At Burger King, we're constantly looking for ways to add value and enhance our customers' restaurant experience. We're very excited to be partnering with AOL Latin America and Warner Music Latin America to bring this special promotion to our Mexican customers. The creation of this loyalty club will provide customers an opportunity to win fabulous prizes from Warner Music's most popular artists, while enjoying the great taste of our flame-broiled products."

Inigo Zabala, President, Warner Music Latin America, said; "This is a very exciting opportunity for Warner Music Latin America. The joint marketing initiative with AOL Latin America and Burger King has the potential to create important new commercial opportunities for our artists and their music in Mexico."

This program with Burger King is part of AOL Latin America's ongoing efforts to bring new and exciting content and entertainment opportunities to its members. Adding Burger King to AOL Latin America's list of marketing partners underscores the Company's focus on developing targeted marketing initiatives.

About AOL Latin America

America Online Latin America, Inc. (Nasdaq:AOLA) is the exclusive provider of AOL-branded services in Latin America and has 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 America Online, 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 members of the AOL-branded service in Puerto Rico. It also operates a regional portal accessible at http://www.aola.com. America Online's 35 million members worldwide can access content and offerings from AOL Latin America through the International Channels on their local AOL services.

About Burger King

Burger King Corporation and its franchisees operate more than 11,400 restaurants in all 50 states and 57 countries and territories around the world, with 91% of BURGER KING(R) restaurants owned and operated by independent franchisees. Since the company's founding in Miami in 1954, the BURGER KING(R) brand has become recognized for the great taste of Flame Broiling, HAVE IT YOUR WAY(R) and the WHOPPER(R). In fiscal year 2002, ending June 30, 2002, the BURGER KING(R) system had system-wide sales of $11.3 billion. Burger King Corporation is owned by the equity sponsor group comprised of Texas Pacific Group, Goldman Sachs Capital Partners and Bain Capital. To learn more about the BURGER KING(R) system, please visit the company's website at www.burgerking.com.

About Warner Music Latin America

Warner Music Latin America, a division of Warner Music International, an AOL Time Warner company, is based in Miami, USA and oversees the WMI affiliates in Argentina, Brazil, Chile, Colombia, Mexico and USA, which are also responsible for operations in Bolivia, Paraguay, Peru, Uruguay and Venezuela.