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Letter to the Editor

Autoweb Receives Nasdaq Noticeof De-Listing

SANTA CLARA, Calif. -- Autoweb.com, the consumer automotive Internet service, has reported that it received a Nasdaq Staff Determination on March 1, 2001, indicating that the Company has failed to comply with the minimum bid price requirement for continued listing, and is subject to delisting from the Nasdaq National Market. The Company has filed a request for a hearing before the Nasdaq Qualifications Panel to review the staff determination. The Company's stock will continue to be traded on the Nasdaq National Market pending the final decision by the Panel. The hearing date will be determined by Nasdaq and should occur no later than 45 calendar days from the date of this press release. Autoweb's management is also currently exploring strategic options to maximize shareholder value and has retained Credit Suisse First Boston as its financial advisor.

Through its direct and referral commerce channels, Autoweb.com offers consumers a variety of ways to purchase new and used vehicles in conjunction with vehicle manufacturers, local Member Dealers and other commerce partners. The Company's Web site also provides consumers with a wide range of automotive-related products to support the complete lifecycle of the vehicle, including finance, insurance and maintenance. Autoweb.com features comprehensive, unbiased research from its Automotive Information Center (AIC) division. Currently, major automobile manufacturers, including DaimlerChrysler, Ford, General Motors, Honda and Toyota, use Autoweb's automotive data to power their sites. Some of the major consumer portals also use Autoweb's content and technology, including AOL, Yahoo, Lycos, MSN and Carpoint.

Editor's Note: Just-auto.com has just released a report predicting that over 44 percent of consumers will purchase their next car online. Can Autoweb.com hang in there and eventually become profitable?

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