Key3Media Group and eBay Establish Business Relationship.

Business/Technology Editors

COMDEX Fall 2001

LOS ANGELES & SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 29, 2001

eBay CEO Meg Whitman to be Keynote Presenter at COMDEX Fall 2001;

'Auction for America' Get Major Push at COMDEX Fall 2001

Key3Media Group, Inc. (NYSE: KME), the world's leading producer of information technology tradeshows and conferences, including COMDEX and NetWorld+Interop, has entered into a business relationship with eBay (NASDAQ: EBAY), The World's Online Marketplace(TM).

As part of the agreement, Key3Media will promote eBay's Computer and IT-related businesses at COMDEX and NetWorld+Interop events in North America. For example, at COMDEX Fall 2001, eBay will be promoted throughout the event with eight eBay kiosk stations, event-related print media and on the comdex.com event website. In addition, Key3Media will promote "Auction for America," eBay's online charity effort that allows people around the world to buy and sell goods online to raise money for the victims, families and communities affected by the September 11 terrorist attacks.

"Key3Media is proud to be affiliated with one of the premier companies that revolutionized buying and selling over the Internet," said Fredric D. Rosen, chairman and CEO of Key3Media Group, Inc. "We are pleased that eBay will be joining us at our upcoming events, and we are delighted to support Meg and eBay at COMDEX Fall in their efforts to promote Auction for America."

Key3Media is also pleased to announce that eBay President and CEO Meg Whitman has accepted an invitation to address COMDEX Fall 2001 attendees in a keynote at the event next month. Whitman will give her keynote address on November 14th at noon in the Las Vegas Hilton.

"eBay has become a leading marketplace for computer and IT buyers and sellers," said Meg Whitman, president and CEO for eBay. "Our new relationship with Key3Media provides us with great forums at COMDEX and Networld+Interop to reach the technology industry and promote our growing computer and IT businesses."

COMDEX is the leading IT marketplace in the world, where the global technology community gathers to meet, learn and make technology decisions. For more information visit www.comdex.com. NetWorld+Interop is the definitive networking event for the enterprise and service provider markets. For more information visit www.interop.com.

About eBay...

eBay is The World's Online Marketplace. Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay, as well as on Half.com, eBay's site dedicated to fixed price trading. eBay enables trade on a local, national and international basis with customized sites in markets around the world. For more information, visit www.ebay.com.

About Key3Media...

COMDEX and NetWorld+Interop are Key3Media events. Key3Media Group, Inc., is the world's leading producer of information technology tradeshows and conferences, serving more than 6,000 exhibiting companies and 1.5 million attendees through 60 events in 18 countries. Key3Media's products range from the IT industry's largest exhibitions such as COMDEX and NetWorld+Interop to highly focused events featuring renowned educational programs, custom seminars and specialized vendor marketing programs. For more information about Key3Media, visit www.key3media.com

Certain matters discussed in this release are "forward-looking statements," including statements about Key3Media's future results, plans and goals and other events which have not yet occurred. These statements are to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. You can find many (but not all) of these statements by looking for words like "will", "may", "believes", "expects", "anticipates", "plans" and "estimates" and for similar expressions. Because forward-looking statements involve risks and uncertainties, there are many factors that could cause Key3Media's actual results to differ, materially from those expressed or implied in this release. These include, but are not limited to, economic conditions generally and in the information technology industry in particular; the timing of Key3Media's events and their popularity with exhibitors, sponsors and attendees; technological changes and developments; intellectual property rights; competition; capital expenditures; and factors impacting Key3Media's international operations. In addition, the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Prospectus Supplement dated June 22, 2001 filed by Key3Media with the SEC under Rule 424(b) relating to its high yield bond offering and the section entitled "Item 1.Business - Certain Factors That May Affect our Business" in the Annual Report on Form 10-K for the year ended December 31, 2001 filed by Key3Media with the SEC contain important cautionary statements and a discussion of many of the factors that could materially affect the accuracy of Key3Media's forward-looking statements and/or adversely affect its business, results of operations and financial position. These statements and discussions are incorporated herein by reference. Key3Media does not plan to update any forward-looking statements.

Key3Media, COMDEX, NetWorld+Interop, Interop and associated design marks and logos are trademarks owned or used under license by Key3Media Events, Inc., and may be registered in the United States and other countries. NetWorld is a service mark of Novell, Inc., and is registered in certain jurisdictions. Other names mentioned may be trademarks of their respective owners.