EBAY AND REGUS TEAM-UP TO PROVIDE FLEXIBLE OFFICE SPACE

San Jose, CA -- (July 1, 2002) -- eBay Inc.® (NASDAQ: EBAY), announced that it will offer access to office space for rent within its real estate marketplace through an agreement with Regus, the leading global operator of business centres.

Business owners can now easily find and secure the right amount of office space perfectly suited for their needs – even single workstations are available. All office space offered by Regus within the marketplace will be featured in ad format rather than as auction-style items and can be found at www.ebayrealestate.com.

“As the percentage of small-to-medium sized businesses continues to grow, services like those provided by Regus will continue to increase in demand,” said Doug Galen, vice president and general manager of eBay Real Estate. “By working with one of the best known brands in the industry, we are helping business owners lower their occupancy costs.”

Within eBay’s real estate marketplace, Regus provides cost-effective office space with flexible lease terms, allowing companies to secure office space when they need for as long as they need it. Each Regus location features a mix of workstations, meeting/conference rooms, Cyber Café and common areas. All offices feature high-tech communications systems, Internet access and complete IT support. There is no up front capital requirement, and some office space can be had for as little as $8 a day.

“With just a few quick clicks on eBay, users can select office space virtually anywhere in the world,” said Andrea Iavarone, marketing director, Regus. “Regus’ established infrastructure, coupled with our global buying power results in significant cost savings for our clients. In addition, our flexible terms enable companies to perfectly match their workspace needs with their business requirements.”

Rebuz