Netscape Closes AtWeb Inc. Acquisition

MOUNTAIN VIEW, Calif., (January 6, 1999) - Netscape Communications Corporation (NASDAQ: NSCP) today announced that it closed the Netscape acquisition of AtWeb Inc., a leading online services company. Netscape issued 3.36 million shares of Netscape stock to purchase 100 percent of AtWeb stock and options. The company has accounted for this transaction as a pooling of interests. Founded in 1996, Sunnyvale-based AtWeb is a privately held company. Netscape plans to maintain AtWeb as its wholly owned subsidiary, with AtWeb reporting into the Netscape Netcenter division.

With AtWeb, Netscape's Netcenter portal site now offers a suite of premier online products and services that businesses can use to manage web site promotion, maintenance and membership services. This acquisition enables Netscape to deliver new Netcenter services to an expanded network of millions of web sites and consumers, reinforcing Netscape's position as a leading provider of Internet tools and services that empower businesses to take charge of their Internet experience.

"With AtWeb, Netscape has acquired the best tools in the industry to help people grow and manage their businesses online. In fact, AtWeb's 'Register-it!' and 'web Site Garage' have become the most sought after services on Netcenter's Small Business channel in the few weeks they've been available on the site. We believe this demand will continue to grow as more businesses use the Internet to realize greater profits," said Mike Homer, executive vice president and general manager of Netscape's Netcenter division. "This acquisition expanded the Netcenter audience to include more than 800,000 new web sites, up from 600,000 just a few weeks ago when we signed the merger agreement and put the AtWeb products on Netcenter."

The AtWeb services are offered on Netcenter's Small Business and Business channels located on the web at home.netscape.com. Netscape Netcenter is Netscape's leading portal site that provides users with a home base on the Internet. From Netcenter, users can navigate the Internet, access a broad range of consumer and business content and services, and communicate with others online. The site includes eighteen content channels, a set of leading-edge services including the new Netscape-branded Search, Netscape Contact, Netscape SmartUpdate, Software download, member Directory, My Netscape personalization service and WebMail.

Netscape Communications Corporation is a leading provider of software and services for businesses that want to transform the way they create and keep customers in the emerging Net Economy. The company offers a full line of enterprise software solutions, professional services, and a leading Internet portal to help companies build, buy, or outsource Internet applications that drive revenue growth, build customer loyalty, and create new levels of business efficiency. Traded on NASDAQ under the symbol NSCP, Netscape Communications Corporation is based in Mountain View, California.

Additional information on Netscape Communications Corporation is available on the Internet at http://home.netscape.com, by sending email to info@netscape.com, or by calling 650/937-2555 (corporate sales).

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