MSN Carpoint.ca Teams With AutoTrader to Launch Used Car Marketplace, Providing Access to the Largest Online Inventory of Used Cars in Canada

  Strategic Alliance Enables Consumers to Access More Than 70,000 Up-to-Date
                  Used Car Listings via the Carpoint.ca Site

    REDMOND, Wash., and TORONTO, May 16 Carpoint(TM).ca, the
most visited car-buying site in Canada, today announced the launch of its Used
Car Marketplace through an alliance with AutoTrader. Through this new
relationship, which combines used car listings from Trader Media Corp. and
Trader.com in Canada, Carpoint.ca is extending its existing New Car Buying
Service to provide consumers with access to the largest national inventory of
used cars available online.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
    As the exclusive auto channel for MSN(R).CA, Canada's No. 1 portal,
Carpoint provides access to the broadest range of online research and
car-buying services in the country to the more than 4.5 million unique monthly
visitors of MSN.CA (Media Metrix, March 2001). The Used Car Marketplace will
enable consumers to locate a specific vehicle by year, make and model through
AutoTrader's national inventory. Consumers can locate cars and contact the
local dealers that have those vehicles on their lots.
    "As the market leader in used vehicle classifieds, AutoTrader is pleased
to offer consumers an additional way to access our online inventories through
Carpoint.ca," said John Francis, president of Trader Media.
    According to DesRosiers Automotive Consultants, the Canadian used vehicle
market exceeds 3 million vehicles per year.
    "This new relationship with Carpoint.ca benefits both consumers and auto
dealers that are looking to buy and sell used vehicles by leveraging the power
of the Internet and enabling consumers to locate the exact used vehicle they
are looking for," said Eugene Berenas, general manager vehicle Internet, at
Trader.com. "Our Canada Trader.com print publications in Western Canada and
the Maritimes and the Hebdo.net publications in Quebec form the building
blocks for our extensive Internet database of used vehicles that will be a
part of the Carpoint.ca comprehensive service."
    "Working with AutoTrader enables Carpoint to build on our existing buying
services to meet the needs of all car buyers," said Ruth D'Souza, general
manager of Carpoint.ca. "This strategic relationship further demonstrates our
commitment to work with industry leaders to provide the most comprehensive
online car-buying services available."
    Carpoint.ca, available in French and English, provides Canadian consumers
with comprehensive new car-buying services, up-to-date news and reviews, and
safety information, all tailored to the unique needs and interests of
Canadians. The site, customized to the specific needs of Canadian consumers,
is modeled after six years of award-winning U.S. site technology and design.

    About AutoTrader
    AutoTrader in Ontario, Canada, is the leading source of used vehicle photo
classifieds with more than 25 automotive titles distributed in over
9,000 locations across the province. For over 25 years, AutoTrader has been
bringing buyers and sellers together in what is today the largest used vehicle
marketplace in Ontario. The Web site AutoTrader.ca is the largest and most
frequently visited used vehicle site in the province with a total database of
over 40,000 listings including cars, trucks, RVs, boats, motorcycles and heavy
equipment. AutoTrader is a division of Trader Media Corp., a privately owned
company headquartered in Toronto, Canada.

    About Trader.com
    Trader.com is a global leader in classified advertising. The group was
founded in Canada under the name Hebdo Mag in 1987 as a private company.
Today, Trader.com connects buyers and sellers through 282 publications (more
than 7 million readers per week) and 52 Web sites in 20 countries (150 million
page views per month as of March 2001). Trader.com has over 4,700 employees
worldwide, of whom 1,900 are sales people. Trader.com is listed on the Nasdaq
(TRDR) and Premier Marche (First Market of the Paris Stock Exchange - SICOVAM
code 5729 and Reuters code: TRD).
    Trader.com is one of Canada's leading online and offline marketplaces
connecting buyers and sellers of vehicles, boats, RVs, motorcycles, heavy
equipment, real estate and computers.  Trader.com has offices across the
country and owns more than 90 print publications coast to coast, including
Quebec's Hebdo, Auto Traders in Western and Eastern Canada, the Vancouver Buy
and Sell, the Alberta Bargain Finder, and The Computer Paper in Toronto. The
company's Canadian Web sites include CanadaTrader.com, Hebdo.net, BuySell.com
and CanadaComputes.com.

    About Carpoint.ca
    Launched in September 2000, Toronto-based MSN Carpoint Canada is the
leading national online automotive marketplace based on consumer reach. The
fully bilingual Carpoint.ca site is an independent, all makes, all models
resource that provides consumers with the broadest range of services to find a
car they love at a price they can afford. From product reviews and surround
video, to new and used car buying services, visitors can research, compare
cars, select or configure the car they want to purchase, and receive detailed
information from the Carpoint network of Canadian dealers across the nation.
The technology and design of Carpoint.ca is modeled after Carpoint.com, the
award-winning U.S. car buying and ownership site, visited by more than
7 million consumers each month.

    About MSN.CA
    On one Web page, MSN.CA makes compelling Internet services, information,
entertainment and a variety of communication options, including the MSN
Hotmail(R) Web-based e-mail service, the world's leading globally accessible,
free,* Web-based electronic mail service, available to Canadians. MSN.CA also
provides such high-quality interactive services as Zone.com, MSN Web
Communities, MSN Messenger Service and MSN Search for users of the
Microsoft(R) Windows(R) operating system and Apple Macintosh. The Web site
address is http://www.MSN.CA/ .

    About Microsoft
    Founded in 1975, Microsoft Corp. is the worldwide leader in
software, services and Internet technologies for personal and business
computing. The company offers a wide range of products and services designed
to empower people through great software -- any time, any place and on any
device.
    * Connect-time charges may apply.

    NOTE:  Microsoft, Carpoint, MSN, Hotmail and Windows are either registered
trademarks or trademarks of Microsoft Corp. in the United States and/or other
countries.
    The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.

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