At Home Corporation Completes Public Offering of 2,500,000 Shares of Series A Common Stock

REDWOOD CITY, Calif., August 13, 1998 ­ At Home Corporation (Nasdaq: ATHM) today announced its public offering of 2,500,000 shares of Series A Common Stock at a price of $46 1/8 per share. All of the shares were sold by the Company. The managing underwriters of the offering were Merrill Lynch & Co. and Morgan Stanley Dean Witter, which jointly coordinated 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 the 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.

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.