At Home Corporation Files Registration Statement for Public Offering of 2,500,000 Shares of Series A Common Stock

REDWOOD CITY, Calif., July 29, 1998 ­ At Home Corporation (Nasdaq: ATHM) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2,500,000 shares of Series A Common Stock, all of which will be offered by the Company. On July 28, 1998, the last reported sale price for the Series A Common Stock was $45.00 per share. The managing underwriters of the offering are Merrill Lynch & Co. and Morgan Stanley Dean Witter, which will jointly coordinate the activities of the Managers, and Goldman, Sachs & Co., BT Alex Brown Incorporated and Hambrecht & Quist LLC.

Net proceeds received by the Company from this offering will be used for general corporate purposes, including working capital and capital expenditures, including those associated with domestic and international expansion and additional backbone capacity.

At Home Corporation is the leading provider of broadband Internet services over the cable television infrastructure to consumers. At Home also provides broadband Internet services to businesses over both cable television infrastructure and digital telecommunications lines.

A copy of the prospectus relating to this offering may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 250 Vesey Street, New York, New York 10281, Attn: Preliminary Prospectus Department; Morgan Stanley Dean Witter, 1585 Broadway, New York, New York 10036, Attn: Prospectus Department; Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004; BT Alex Brown Incorporated, One South Street, Baltimore, Maryland 21202; and Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.