CoolSavings Performance Yields Additional Investment.

CHICAGO--(BUSINESS WIRE)--Nov. 16, 1998--CoolSavings(R) (coolsavings.com inc.), the Internet leader in targeted coupons and sales promotion services, today announced that international property management and financial services group, Lend Lease Corporation, has exercised options to invest another $5 million in the company. As recently as July, the Australian-based Lend Lease invested an initial $5 million in CoolSavings, and will now hold 17.5 percent of the Internet firm.

"The last four months have shown excellent growth for this company and Lend Lease responded accordingly," said Steven M. Golden, coolsavings.com chairman and CEO. "Our base of registered shoppers is up 36 percent to more than 1.7 million. Meanwhile, we continue to add to our roster of blue-chip advertisers, which now includes leading e-commerce merchants along with well-known chain stores."

"Lend Lease is delighted with the performance of CoolSavings since the partnership was created in June and we have therefore decided to increase our investment accordingly," said Lynette Mayne, CEO Lend Lease IT+T Investments, a wholly owned division of Lend Lease Corporation. "There is no question that CoolSavings is establishing itself as the leading destination for savings on the Internet. It has also become an extremely effective vehicle for major advertisers. We are pleased to be working with such a professional management team."

CoolSavings was recently ranked among the Top Ten most frequently visited Internet shopping sites by Media Metrix, the Web rating service. Launched in March, 1997, coolsavings.com is unique in having developed a patented process to protect consumer privacy while permitting advertisers to identify and target potential customers. Approximately 3,000 to 5,000 new households register with the site a day, and it features offers from more than sixty national retailers, travel companies, online services and restaurant chains.

For further information, contact coolsavings.com at 773-693-1300 or visit the company's Web site at www.coolsavings.com.

Established in 1958 and headquartered in Australia, Lend Lease Corporation is an international property and financial services group with more than $46 billion in funds under management. Lend Lease's global investments span the Pacific, Asia, Europe and North and South America, and include, property development, project management and construction, real estate services and capital services and equity investments. For more information on Lend Lease Corporation visit the company's Web site at www.lendlease.com.au.