Coldwell Banker Real Estate Corporation Selects WebEx Meeting Center Service To Power Live, Instructor-Lead Classes On the Web.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--July 5, 2001

CBU.com Uses WebEx to Deliver More Than 1,000 Programs to

Coldwell Banker(R) Professionals Online

WebEx Communications, Inc (Nasdaq:WEBX), the leader in real-time communications infrastructure for business meetings on the Web, announced that Coldwell Banker Real Estate Corporation (Coldwell Banker(R)) has selected WebEx to provide real-time Web communication services for its training and continuing education programs through Coldwell Banker(R) University and CBU.com. Coldwell Banker University uses its custom-branded version of WebEx Meeting Center service to deliver courses to the Coldwell Banker network of over 72,000 brokers and sales associates. WebEx Meeting Center supports real-time data, voice and video communications and allows CBU.com instructors to hold highly interactive Web meetings through a standard browser with participants around the world.

"CBU.com is an industry leading training program and we see WebEx as a crucial part of Coldwell Banker University moving forward," said Rich May, vice president of Education for Coldwell Banker Real Estate Corporation. "We wanted to offer our affiliates a cost-effective alternative to our in-person classes that was both convenient and reliable -- in all aspects, WebEx exceeded our expectations."

"WebEx Meeting Center allows Coldwell Banker to extend the reach of its excellent broker training programs," said Praful Shah, vice president of Strategic Marketing at WebEx Communications. "WebEx transforms the Web into a live, interactive communications environment for business and education. WebEx's real-time communications services can help companies save money, increase productivity and improve employee and customer training."

About WebEx Meeting Center

WebEx Meeting Center services support the entire range of data, voice and video communications to provide an online environment that simulates the full spontaneity and productivity of face-to-face meetings. All of WebEx's services are built on the WebEx interactive platform and are supported by WebEx's global communication network, ensuring scalability, reliability and predictability. WebEx's interactive communications services help its customers and partners increase their productivity and efficiency, differentiate and distinguish their product and service offerings, and enhance and diversify their revenues. Detailed information regarding all of WebEx's services is available at http://webex.com/home/services_business.html

About Coldwell Banker

For 94 years, the Coldwell Banker(R) organization has been the premier provider of full-service real estate. Coldwell Banker Real Estate Corporation, a subsidiary of Cendant Corporation (NYSE: CD), has more than 3,000 independently owned and operated residential and commercial real estate offices with over 72,000 sales associates globally. The company is an industry leader in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Previews(R) International program. The company is a pioneer in consumer services with its Coldwell Banker(R) Concierge(SM) program and award-winning Web site, www.coldwellbanker.com. The Coldwell Banker Commercial(R) system is one of the largest commercial franchise operations with over 400 affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services.

About WebEx Communications, Inc.

Founded in 1996, WebEx Communications, Inc. (Nasdaq:WEBX) is the leader in Internet infrastructure for real-time business communications. WebEx provides Web-based carrier-class communication services using its multimedia-switching platform deployed over a global network. WebEx's services enable end-users to share presentations, documents, applications, voice and video spontaneously in a seamless environment. WebEx services are used across the enterprise in sales, support, training, marketing, engineering and various other functions. With its modular framework and standards-based APIs, WebEx's real-time communications platform is the "dial-tone" for meetings on the Web. Please call toll free 877/932-3911 or visit http://www.webex.com for more information.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by use of the terms anticipates, believes, continue, could, estimates, expects, intends, may, plans, potential, predicts, should or will, or the negative of those terms or similar expressions. These forward-looking statements are subject to significant risks and uncertainties. Actual results may differ materially from those described in such statements as a result of these risks and uncertainties. In particular, these forward looking statements include, but are not limited to statements, that the services extend the reach and improve the effectiveness of training courses, or will be found to be convenient and reliable by all users or that the WebEx services improve employee or customers' training and productivity. Factors which could contribute to risks and uncertainties include, but are not limited to, the failure of customers to integrate and use the WebEx service effectively in their business and the failure of WebEx customers to identify and implement ways to increase productivity and efficiency of training. A fuller discussion of the risks and uncertainties that could affect WebEx Communications, Inc. are more fully set forth in WebEx's filings with the Securities and Exchange Commission, including WebEx's Form 10-K filed on April 2, 2001 and 10-Q filed on May 15, 2001. WebEx Communications, Inc. assumes no obligation to update forward-looking information contained in this press release.