Company Info - Public Relations

Yahoo! Europe Announces Departure of Fabiola Arredondo, Managing Director

LONDON - Feb. 15, 2001 - Yahoo! Europe today announced that Fabiola Arredondo, the Managing Director for Europe, has decided to leave the company to pursue private business interests. Since joining Yahoo! Europe in 1997, Arredondo has been instrumental in building the company's successful and profitable European operation, to annual revenues of $113.6 million in 2000. Yahoo! Europe is one of the leading sites for its users in each of the countries in which it operates, with 31 million unique users throughout Europe visiting the Yahoo! network during the month of December 2000. Under Arredondo's leadership, Yahoo! Europe has established significant breadth and depth in its organisation. Yahoo! Europe is in the process of naming a successor to work with the senior executive team in London and each of the other European countries where the company operates businesses, to continue building the world's leading global consumer and business services company. Jeff Mallett, President & COO of Yahoo! Inc., commented: "As Managing Director of Yahoo! Europe, Fabiola has provided the leadership that has enabled Yahoo! Europe to become one of the leading Internet companies in Europe, achieving solid financial and overall business performance. We are grateful for Fabiola's valuable contribution to Yahoo! during the last several years and wish her well". Fabiola Arredondo, Managing Director of Yahoo! Europe, commented: "I am proud to have been part of the team that has built one of the leading Internet companies in Europe. During my tenure as Managing Director of Yahoo! Europe, we have accomplished and exceeded all of our business goals and are well placed for further growth in each of our key strategic areas of focus. Yahoo! Europe has strong management in place across the region, and they are well positioned to continue building the business we have created." Arredondo will remain at Yahoo! Europe for an interim period to work with Mallett and the Yahoo! senior team to help manage this transition. About Yahoo! Europe Yahoo! Europe provides commerce, communication and media services throughout Europe to meet the needs of local consumers. Yahoo! Europe is comprised of the Yahoo! sites for the UK & Ireland (www.yahoo.co.uk), France (www.yahoo.fr), Germany (www.yahoo.de), Italy (www.yahoo.it), Spain (www.yahoo.es), Sweden (www.yahoo.se), Norway (www.yahoo.no) and Denmark (www.yahoo.dk). The Yahoo! offices in London, Paris, Munich, Milan, Madrid, Stockholm and Copenhagen are staffed by local nationals and Yahoo! Europe is headquartered in central London. About Yahoo! Inc. Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 180 million individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the most recognized and valuable Internet brand globally, and is ranked the No. 38 leading consumer brand worldwide. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. These services include Corporate Yahoo!, a popular customized enterprise portal solution; audio and video streaming; store hosting and management; and Web site tools and services. The company's global Web network includes 24 World properties. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, Calif. # # # Yahoo! and the Yahoo! logo, are registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners. Media Contacts: Sue Jackson, Yahoo! Europe, (0) 207 8084526, suej@uk.yahoo-inc.com Diane Hunt, Yahoo! Inc., (408) 731-3441, diane@yahoo-inc.com Yahoo! is a trademark of Yahoo! Inc. Copyright © 1994-2001 Yahoo! All Rights Reserved.