San Jose, Calif., 15th July 1998

eBay, the world's personal trading community^TM ( www.ebay.com ) today announced the acquisition of Jump, Inc., the developer and operator of Up4Sale ( www.up4sale.com ), an advertising-supported trading service in an auction format. eBay acquired Jump in order to provide it with an additional environment in which to introduce complementary future services. Launched in 1997, Up4Sale currently has 45,000 items listed in 27,000 separate auctions and 50,000 registered members. eBay currently operates Up4Sale as an independent service.

"The founders and employees of Up4Sale share eBay's vision of what it takes to be the world's personal trading community^TM," said Meg Whitman, president and chief executive officer of eBay. "We believe that the long-term relationship between eBay and Jump will ultimately bring a great deal of value to our communities."

"We are truly excited about our association with eBay. We at Up4Sale have been longtime admirers of eBay and the wonderful community that exists there," said Rob Ratterman, co-founder of Up4Sale.

Users must register before they can bid or sell on Up4Sale. Currently, neither buyers nor sellers pay fees to bid on or list items for auction. Once an auction is successfully completed, the buyer and seller then independently complete the sale.

San Jose, Calif. - 15th July 1998

eBay Inc. today announced the filing by the Company of a Registration Statement with the Securities and Exchange Commission relating to a proposed initial public offering of its Common Stock, substantially all of which will be sold by the Company. The remainder will be sold by the eBay Foundation, a charitable fund established by the Company and administered by the Community Foundation Silicon Valley.

eBay Inc. is the world's largest person-to-person trading community on the Internet. The eBay service permits sellers to list items for sale, buyers to bid on items of interest and all eBay users to browse through listed items in a fully-automated, topically-arranged service that is available 24 hours a day, seven days a week.

Goldman, Sachs & Co. will act as the lead Underwriter of the offering. Other Underwriters of the offering include Donaldson, Lufkin & Jenrette Securities Corporation, BancAmerica Robertson Stephens and BT Alex. Brown. A copy of the preliminary prospectus related to this offering when available may be obtained directly from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004.