America Online, Inc. Announces Completion of Ubique Ltd. Acquisition

Vienna, VA -- September 22, 1995 -- America Online, Inc. announced today
that it has successfully closed the previously announced acquisition of
Ubique Ltd. This acquisition is expected to strengthen America Online's
Internet offerings by bringing a sense of community to the Web.

Ubique Ltd. is an innovative Israeli company that offers real-time
interaction and joint navigation for the Internet. Ubique has developed
Virtual Places which is a client-server software architecture that
humanizes the Internet's World Wide Web by allowing people to virtually
meet and interact.

The consideration paid by AOL for all outstanding equity and related rights
of Ubique, Ltd. was $14,556,424.66, of which $13,185,000 was paid in
common stock of AOL, represented by 216,214 shares determined on the basis
of the average closing price for the twenty trading day period ending
prior to August 23, 1995 and $1,371,424.66 was paid in cash at the
closing. In connection with the acquisition, AOL has also funded
approximately $600,000 of stockholder debt owed by Ubique, Ltd. and has
funded the purchase by Ubique, Ltd. of certain technology for
approximately $1,000,000.

America Online, Inc., (NASDAQ symbol: AMER), based in Vienna, VA is the
largest and fastest growing provider of online services in the U.S. with
the most active subscriber base. AOL offers its more than 3.5 million
subscribers a wide variety of services, including electronic mail,
conferencing software, computing support, interactive magazines, and
newspapers and online classes as well as easy and affordable access to
services of the Internet. Founded in 1985, AOL has established strategic
alliances with dozens of companies, including Time Warner, ABC,
Knight-Ridder, Tribune, Hachette, IBM and American Express. Personal
computer owners can obtain America Online software at major retailers and
bookstores, or by calling 800-827-6364.
 
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