InfoSpace will contribute $30 million to the Fund that will go into effect on January 1, 2000. Bernee Strom, who has served as president and chief operating officer at InfoSpace, will become president of the Fund and will continue to serve as a director of InfoSpace. Ms. Strom was a significant contributor to InfoSpace during its IPO and early growth period and has extensive experience in the facilitation and growth of new Internet initiatives.

"There are a lot of opportunities for InfoSpace to align with the Internet start-ups that have innovative ideas and talent," said Naveen Jain, chairman and CEO, InfoSpace. "We feel Bernee is uniquely qualified to help us identify those opportunities that will be strategic and beneficial for InfoSpace's long term growth."

About InfoSpace, Inc.

InfoSpace is a leading global Internet information infrastructure services company. InfoSpace provides infrastructure services to consumers, merchants and wireless devices. InfoSpace's affiliate network consists of more than 2,100 Web sites. The Company's affiliates include AOL, Microsoft, Disney/InfoSeek's GO Network, NBC's Snap, Lycos, go2net Inc., DoubleClick, Dow Jones (The Wall Street Journal Interactive Edition) and ABC LocalNet, among others. In addition, the Company provides services to a network of wireless Internet devices including PCs, cellular phones, pages, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with Acer America, AT&T Wireless, Nokia, Nextel, Sprint, Mitsui, Lucent and @Home.

This release contains forward-looking statements relating to the Company's business that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the success of the venture fund, seasonality, the rate of adoption by advertisers of the Internet as an advertising medium, market acceptance of our products and services and competition. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results Business Prospects And Market Price Of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.