AOL Portal, Toolbar and Search to Be Distributed via Millions of HP PCs Sold Worldwide

AOL today announced that it has signed an agreement with HP to
offer co-branded, localized versions of its portal, toolbar and search
on HP desktop and notebook PCs sold worldwide. Under the agreement,
the co-branded portal will be set as the default homepage, and the
co-branded toolbar and search will be default settings in various
countries worldwide. Financial terms were not disclosed.

The agreement extends and expands the existing relationship
between HP and AOL, which provides consumers with a co-branded AOL/HP
portal as the default homepage for HP consumer PCs sold in the U.S.

Under the new agreement, AOL will provide HP with co-branded local
language portals and toolbars, as well as search solutions for each
relevant country. AOL will provide HP users with a customizable,
modular co-branded portal, based on myAOL, which was recently released
into public beta in the U.S. The portal will provide space on the home
page for end users to access relevant HP content, services and partner
offerings, as well as offer consumers and business users access to
other key AOL products and services in international markets.

"This agreement provides us a unique opportunity to showcase our
portal, toolbar and other products and services to a truly global
audience," said Ron Grant, President and Chief Operating Officer,
AOL. "At a time when international online markets are experiencing
rapid growth, AOL is now poised to enable people around the
world to create a personally relevant online destination."

"Customers from the board room to the living room continue to
recognize and prefer the unique features designed into HP PCs," said
Satjiv Chahil, senior vice president, Personal Systems Group, HP. "The
new AOL/HP portal will provide customers the ability to make their PCs
even more personal through a suite of customizable products and
services."

About AOL

AOL(R) is a global Web services company that operates some of the
most popular Web destinations, offers a comprehensive suite of free
software and services, runs one of the largest Internet access
businesses in the U.S., and provides a full set of advertising
solutions. A majority-owned subsidiary of Time Warner Inc. (NYSE:TWX),
AOL LLC is based in Dulles, Virginia. AOL and its subsidiaries also
have operations in Europe, Canada and Asia. Learn more at AOL.com.