Audible, Inc. Announces Appointment of Senior Bertelsmann and Newscorp Executives to Board of Directors; Global Media Executives Bring Significant Strength to Audible Board.

Business & Technology Editors

WAYNE, N.J.--(BUSINESS WIRE)--April 26, 2001

Audible, Inc. (NASDAQ: ADBL), the leading provider of Internet-delivered spoken audio (www.audible.com(TM)) for computer-based listening or mobile playback on AudibleReady(TM) PC-based portable digital audio players, today announced that three experienced global media executives have been appointed to the Board of Directors.

Gary Ginsberg, Executive Vice President of Investor Relations and Communications at News Corporation, Johannes Mohn, Vice President Technology Management at DirectGroup Bertelsmann, and Richard Sarnoff, President of Bertelsmann's Random House New Media and Corporate Development Group join the company's board.

Gary L. Ginsberg, 38, is the Executive Vice President of Investor Relations and Corporate Communications at News Corporation, where he serves on Newscorp's executive committee. Prior to joining News Corporation, Ginsberg served as Managing Director at the New York based consulting firm of Clark and Weinstock. Previously, he served as Assistant Counsel to the President during the Clinton Administration and was a Senior Editor and Counsel of George, the monthly political magazine.

Johannes Mohn, 51, has over 20 years of experience with cutting edge technologies in consumer electronic products. He is the Vice President Technology Management at Direct Group Bertelsmann, a division of Bertelsmann AG, in Gutersloh, Germany. Prior to his current position, he held various senior executive positions with Bertelsmann including Chairman and CEO of Sonopress Inc., Bertelsmann's electronic media production company in the United States. He also held the positions of Managing Director of Mohndruck GmbH in charge of the book printing business and Managing Director of Bertelsmann Kalender GmbH. Prior to his tenure at Bertelsmann, Mohn served in a number of successively more responsible positions at Deutsche Philips GmbH in Hamburg, where he focused on product management for consumer electronic products.

"It is a high honor for me to join the Board of Directors of Audible," said Mr. Mohn. "Audible's mission and the expertise of its management and staff in the field of spoken word audio download deserves the highest respect. I am proud to contribute to the future development of Audible."

Richard Sarnoff, 42, brings with him over 14 years global media experience, including senior management positions in finance, strategic planning, and sales and marketing at Random House's predecessor company, Bantam Doubleday Dell. Sarnoff is the President of Random House New Media and Corporate Development Group, and President of Random House Ventures, LLC, its venture capital subsidiary. Sarnoff previously held the position of Executive Vice President and Chief Financial Officer for Random House after its merger in 1998 with Bantam Doubleday Dell.

Donald Katz, founder and chairman of Audible, Inc. commented, "We are delighted to welcome these seasoned media executives to the Audible team. Gary, Johannes and Richard join the board at an important point in the company's history, and we feel assured that their varied talents, experience, corporate positions, and deep knowledge of their industries will aid our global strategy of offering the widest variety of premium spoken audio available for digital delivery. I look forward to working closely with each of our new board members as Audible continues to execute against our plans for growth and profitability."

About Audible, Inc.:

Audible(R) (www.audible.com(R)) is the Internet's largest, most diverse provider of premium spoken audio services for content download or playback on personal computers or AudibleReady(TM) PC-based mobile devices. Audible has more than 28,000 hours of audio programs and 160 content partners that include leading audiobook publishers, broadcasters, magazine and newspaper publishers and business information providers. Audible.com is Amazon.com's (www.amazon.com) exclusive provider of spoken word products for downloading or streaming via the Web. Additionally, the Company is strategically aligned with Random House, Inc., to pioneer the first-ever imprint to produce spoken word content specifically suited for digital distribution, Random House Audible. Among the Company's key business partners are Casio Inc., Compaq Computer Corporation, Hewlett-Packard Company, Microsoft Corporation, Royal Philips Electronics, RealNetworks, Inc., SONICblue Incorporated's Rio Audio Group, Texas Instruments and VoiceAge Corp.

Audible and www.audible.com are registered trademarks of Audible, Inc.; AudibleReady is a trademark of Audible, Inc. and are all part of the family of Audible, Inc. trademarks.

This press release contains information about Audible, Inc. that is not historical fact and may be deemed to contain forward-looking statements about the company. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, Audible's limited operating history, history of losses, uncertain market for its services, and its inability to license or produce compelling audio content and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings.