Corbis Completes The Stock Market Photo Agency Acquisition; Justice Department Routinely Approves the Acquisition; No Ongoing Investigation.

Business Editors

SEATTLE--(BUSINESS WIRE)--Oct. 11, 2000

Corbis(R), the leading provider of photography and fine art images on the Internet (www.corbis.com), today announced that it has completed the acquisition of The Stock Market Photo Agency, a privately owned, international stock photography agency.

Contrary to prior published reports, the acquisition, which required a routine antitrust filing due to the size of the transaction, was routinely approved by both the FTC and Department of Justice on July 1, 2000, and there was no further action on the part of either agency.

"We are pleased to have completed the acquisition of The Stock Market, and are excited to work with its strong team of employees who will bring this high-quality photographic collection, representing over 250 photographers, to our professional image-buying clients," said Tony Rojas, president and CEO of Corbis. "While we will integrate the photo collections, we intend also to integrate the best practices of both companies and provide additional opportunities to employees and photographers within the Corbis organization."

As a pioneer in the visual content industry, Corbis has moved the editorial image market into the digital age and has set the benchmarks for the consumer Internet visual markets. The Stock Market, and its full e-commerce Web site (www.stockmarketphoto.com), is a strong player in the commercial photography market and a good fit for Corbis' objective to offer a wide variety of content and its strategy to move to an all-digital model.

With The Stock Market, Corbis plans to expand its leadership role in the commercial photography market, and further accelerate and enhance its commercial photography offerings to the advertising and graphic design customer base.

"Our acquisition further strengthens Corbis' position as a leader in the increasingly digital commercial photography world," commented Richard Steedman, president of The Stock Market. "Combining the strength of our commercial image library with the far-reaching sophistication of Corbis' technologies, the synergies created by the merging of our two companies provide new audiences for photographers and an unparalleled breadth of imagery for our clients."

About Corbis Corporation

Corbis Corporation is the definitive destination for photography and fine art in the digital age. With 65 million images, 2.1 million online, it is the leading provider of digital images to both the consumer and creative professional markets. The company provides imagery to creative professionals in magazine, book, and newspaper publishing, advertising and graphic design, and Internet and new media publishing.

Corbis is also the world's leading news photography agency. Its consumer image products include e-cards, personal-use digital images, and framed and unframed prints and posters. The company uses its extensive Internet technology to allow customers to quickly and conveniently access and purchase images and related products. Headquartered in Seattle, with offices in New York, London, Los Angeles, and Paris, the privately owned company has approximately 900 employees worldwide.

For more information about Corbis and its products and services, call 800/260-0444, 425/641-4505, fax [phone], or visit the Website at www.corbis.com.

Corbis and The Place for Pictures on the Internet are registered trademarks of Corbis Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.