STATEMENT FROM STAMPS.COM ON THE EXIT OF E-STAMP FROM THE INTERNET POSTAGE MARKET

SANTA MONICA, Calif. – November 27, 2000 – Stamps.com(TM) (Nasdaq: STMP), the leading provider of Internet mailing and shipping services, today issued the following statement from Seth Oster, Vice President of Corporate Communications:

“The software-based solution offered by Stamps.com is clearly the preferred service in the marketplace, as demonstrated by today’s announcement that E-Stamp will exit the Internet Postage business. Stamps.com continues to lead the category with 80 percent of all customers using Internet Postage. We welcome E-Stamp’s customers to join the more than 270,000 customers using our software-only service.

“We believe Internet Postage remains a viable emerging opportunity. The U.S. Postal Rate Commission echoed our confidence last week by recommending the creation of a new mail class that would carry a discounted rate for First Class mail sent through our service. In just the first half of this year the U.S. Postal Service reported $30 million in revenue through the program. Stamps.com intends to continue to pursue this part of our business. As with any new technology, widespread adoption takes place over time. Coupled with our online shipping services and cash reserves of more than $250 million, we are in a strong position to grow our core businesses and take our company to profitability.”

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“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the fact that an actual reduction in rates may not ever occur and the potential reduction in rates may not actually increase customer acquisition for the Company and usage of the Company’s services. Other factors which may cause actual results to differ are detailed in filings with the Securities and Exchange Commission made from time to time by Stamps.com, including its annual report on Form 10-K/A for the fiscal year ended December 31, 1999, its quarterly report on Form10-Q for the fiscal quarter ended June 30, 2000, and its Current Reports on Form 8-K. Stamps.com undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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