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Overture Launches in Spain; Leadership in Commercial Search Strengthened through Further European Expansion

PASADENA, Calif., Sep 17, 2003 (BUSINESS WIRE) — Overture Services, Inc. (Nasdaq:OVER), a global leader in commercial search services on the Internet, today announced it has launched in Spain. Spain is one of Europe’s fastest growing online markets, with more than 14 million Spaniards online and 95 percent of those using search engines on a regular basis, according to Nielsen NetRatings.

At launch, Overture’s Spanish distribution partners include highly trafficked sites such as MSN; Tiscali; Lycos; Excite; Wanadoo; and Ya, a Spanish Internet Service Provider. In addition to its core paid placement product, Overture will be providing the Wanadoo Group in Spain with Web Search results from FAST, which was acquired by Overture in April. Through these partnerships, Overture Spain reaches 71 percent of Spanish Internet users.

"With a large and growing online population, Spain is the logical next step in expanding our European reach," said Brian Steel, president, Overture International. "Overture’s entry in the Spanish market will strengthen our global leadership in commercial search." Spain is one of several new international territories in which Overture plans to launch its commercial search service during the remainder of 2003. As previously announced, Overture expects to expand into Austria, Switzerland, Scandinavia, and Australia before the end of the year. Overture has existing marketplaces in the United States, the United Kingdom, Germany, France, Italy, the Netherlands, Japan, and South Korea.

About Overture

Overture is a global leader in commercial search services on the Internet, providing new and more powerful ways for businesses and customers to connect online. Overture pioneered commercial search by aligning the interests of consumers; its 95,000 active, paying advertisers; and its distribution partners, including Yahoo!, MSN, Lycos, and CNN. The company offers a full suite of Internet search products and search-related services. In addition, the company operates the AltaVista.com and AlltheWeb.com Web sites. Founded in 1997, Overture is based in Pasadena, with U.S. offices in New York; Chicago; and Palo Alto, Calif. The headquarters for Overture’s non-U.S. business is in Ireland, with offices across Europe, Asia, and Australia. On July 14, 2003, Yahoo! (Nasdaq:YHOO) and Overture signed a definitive agreement for Yahoo! to acquire Overture subject to certain conditions. For more information about Overture, visit www.overture.com.

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