GoTo.com Announces Initial Public Offering

PASADENA, Calif.----June 18, 1999--GoTo.com (Nasdaq/NM:GOTO) Friday announced the initial public offering of its common stock on the Nasdaq National Market trading under the symbol GOTO.

The initial public offering price for 6 million shares offered by the company was $15 per share. The net proceeds to the company will be used for general corporate purposes. The offering was managed by Donaldson, Lufkin & Jenrette Securities Corp., Salomon Smith Barney Inc., Thomas Weisel Partners LLC and DLJdirect Inc.

GoTo.com has created and operates an online marketplace that introduces consumers who search the Internet using keyword terms to advertisers who have bid in an ongoing auction for priority placement in the search results for those keywords. Each advertiser pays GoTo.com the amount of its bid whenever a consumer clicks on the advertiser's listings in the search results.

Advertisers must pay for each click-through, so they bid only on keywords relevant to their offerings. Consequently, GoTo.com offers consumers quick, easy and relevant search results while providing advertisers with a cost-effective way to target consumers.

Consumers access the GoTo.com search service at the company's Web site and through its Search Syndication Network, a network of Web sites that have integrated the GoTo.com search service into their sites or that direct consumer traffic to GoTo.com's site.

A copy of the prospectus relating to this offering may be obtained from Donaldson, Lufkin & Jenrette, 277 Park Ave., New York, N.Y. 10172, 212/892-3000.

The underwriters in the offering have undertaken to inform purchasers on confirming sales calls of the actual number of shares being sold in the offering and the actual per share price, and will further inform such purchasers that this is a material change from the maximum number of shares of 5,750,000 at an offering price between $11-$13 that was disclosed in the June 7, 1999, preliminary prospectus previously circulated.

This news 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding GoTo.com Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.