Internet Capital Group Elects RubberNetwork's Philip J. Ringo to Its Board of Directors

  Industry Veteran Brings More Than 35 Years of Diverse Business Management
  Experience to Provide Strategic Guidance to ICG and its Partner Companies

    WAYNE, Pa., Jan. 27 -- Internet Capital Group today announced the election of Philip
J. Ringo, chairman and CEO of RubberNetwork, to its Board of Directors.  Ringo
fills a board position recently vacated by Kenneth A. Fox.
    "I've been impressed by the focus and accomplishments of the ICG team in a
very difficult market environment," said Ringo.  "My confidence in this team
and the long-term potential of the company's key partner companies were two
compelling factors that attracted me to serving on the ICG Board.  I hope to
add real value by leveraging my experience growing companies that span every
stage of development."
    Ringo is chairman and CEO of RubberNetwork (RNC), the first and largest
tire and rubber industry strategic sourcing consortium, which includes
industry leaders like Continental AG, Cooper Tire and Rubber Company, The
Goodyear Tire & Rubber Company, Groupe Michelin, Hankook Tire Co., Ltd.,
Pirelli SpA, Sumitomo Rubber Industries, Toyo Tire and Rubber Co., Ltd., and
The Yokohama Rubber Co., Ltd.  RNC is a global company with operations in
Atlanta, Amsterdam, Singapore and Tokyo.
    Ringo replaces Fox, who has left his Board seat to pursue other business
interests.  "Ken has been a key member of this team and his role in helping to
create and build this Company was vital," said Walter W. Buckley, chairman and
CEO of ICG.  "On behalf of myself, the ICG team and its Board of Directors,
I'd like to thank him for all of his contributions and wish him the best of
luck."
    "As we continue to focus the majority of our human and financial resources
on driving our key partner companies to success and profitability, Phil's vast
business management experience, which spans both new economy and traditional
business models, will add value toward achieving our goals," said Buckley.
"We look forward to the opportunity to leverage his impressive track record of
success in small entrepreneurial organizations, rapidly scaling mid-size
ventures, and Fortune 500 companies."
    Prior to joining RNC, Phil was the chief executive or president of five
companies ranging in size from startups to companies with nearly $1 billion in
revenue.  Ringo was most recently the President of ChemConnect, a leading
Internet marketplace serving the global chemicals and plastics industry, where
he was responsible for the globalization of the company and for raising more
than $100 million in capital.  Ringo holds a master's degree in business
administration from Harvard Business School and a bachelor's degree in English
(cum laude) from Princeton University.  He is a U.S. Army veteran and began
his business career at McKinsey and Company.  He also serves on the boards of
three other companies.
    Ringo replaces Ken Fox on the seven-member ICG Board of Directors, which
includes David Berkman, managing partner at Liberty Associated Partners, LP;
Walter Buckley, chairman and CEO of Internet Capital Group; Thomas P. Gerrity,
former dean of The Wharton School University of Pennsylvania; Robert E. Keith
Jr., president & CEO of TL Ventures; Warren "Pete" Musser, managing director
at The Musser Group; and Michael Zisman, vice president of emerging business
development at IBM Corporation.

    About Internet Capital Group
    Internet Capital Group, Inc. (http://www.internetcapital.com) is an
Internet company actively engaged in business-to-business e-commerce through a
network of partner companies.  The Company's primary goal is to build
companies that can obtain number-one or number-two positions in their
respective markets by delivering software and services to help businesses
increase efficiency and reduce costs.  It provides operational assistance,
capital support, industry expertise, and a strategic network of business
relationships intended to maximize the long-term market potential of its
partner companies.  Internet Capital Group is headquartered in Wayne, Pa.

    Forward-Looking Statements
    The statements contained in this press release that are not historical
facts are forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with the
uncertainty of future performance of our partner companies, acquisitions of
interests in additional partner companies, additional financing requirements,
the effect of economic conditions in the B2B e-commerce market and other
uncertainties detailed in the Company's filings with the Securities and
Exchange Commission.