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Revision History For: @Media {Excite@Home Media Tracker}

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REDWOOD CITY, Calif., November 22, 1999 - Excite@Home (Nasdaq: ATHM) today announced that its board of directors has authorized the Company to establish a tracking stock for the media assets of its business. The decision to pursue the establishment of the tracking stock reflects the strategic alignment of the board on the overall direction of the Company with a view to the appropriate development and evolution of its subscription and media businesses. This will enable the media business to operate with speed and independence while the subscription business will drive the accelerated adoption of broadband bringing new services to consumers. The Company's cable affiliate relationships and exclusivity obligations related to the subscription and media businesses will continue unchanged.

The Company intends to issue common stock that will track the economic performance of its media business, which includes its narrowband portal, broadband portal with its associated exclusive broadband distribution rights, and advertising and targeting services. The Company expects that the tracking stock will be distributed on a pro rata and tax-free basis to all Excite@Home stockholders. The media business will be governed by a board that will consist of a majority of independent directors with minority representation of the Company's principal cable partners. The subscription business will remain subject to Excite@Home's existing board governance which gives its principal cable partners special voting rights with respect to board decisions.

The establishment of the tracking stock is subject to further tax analysis, the completion of the definitive terms of the tracking stock, and stockholder approval. The Company expects to issue a proxy statement describing the tracking stock in the first half of 2000 and distribute the tracking stock during the third quarter of that year.

The media business will be responsible for the narrowband portal, broadband portal with its associated distribution rights, and advertising and targeting services.