SOHU.COM Announces Completion of Stock Repurchase Program; Repurchased 6% of Outstanding Shares

Feb 22, 2005, 00:00 ET from SOHU.COM Inc.

    BEIJING, Feb. 22 /Xinhua-PRNewswire-FirstCall/ -- SOHU.COM Inc.
 (Nasdaq:   SOHU), China's leading online media, communications, commerce and
 mobile value-added services company, today announced it has repurchased
 885,605 shares of common stock between February 10 and February 17, 2005.
     SOHU reports that in the period from February 10 to February 17, 2005, it
 purchased 885,605 shares at an average price per share of US$15.66, for total
 consideration of US$13,873,000 including a brokerage commission of US$0.03 per
 share.  This completes the current stock repurchase program approved by the
 Board of Directors on April 26, 2004, and extended on October 27, 2004. In
 November 2004 the company purchased 360,500 shares for total consideration of
 US$6,125,000.  Earlier, in May 2004, the company purchased 1,000,000 shares
 for total consideration of US$17,752,000.
     "Through three stock buybacks in the past ten months we have repurchased
 2,246,105 shares, or 6% of total shares outstanding.  We believe the buy-back
 is an attractive investment for the company and sends a positive message to
 our shareholders," said Charles Zhang, Chairman and CEO of SOHU.
 
     Safe Harbor Statement
     This announcement contains forward-looking statements.  Statements that
 are not historical facts, including statements about our beliefs and
 expectations, are forward-looking statements.  These statements are based on
 current plans, estimates and projections, and therefore you should not place
 undue reliance on them.  Forward-looking statements involve inherent risks and
 uncertainties.  We caution you that a number of important factors could cause
 actual results to differ materially from those contained in any forward-
 looking statement.  Potential risks and uncertainties include, but are not
 limited to, SOHU's historical and possible future losses, limited operating
 history, uncertain regulatory landscape in the People's Republic of China,
 fluctuations in quarterly operating results, and the company's reliance on
 online advertising sales, wireless services (most wireless revenues are
 collected from a few mobile telecom operators), online games and e-commerce
 for its revenues.  Further information regarding these and other risks is
 included in SOHU's Quarterly Report on Form 10-Q for the quarter ended
 September 30, 2004, and other filings with the Securities and Exchange
 Commission.
 
     About SOHU.COM Inc.
    (Nasdaq:   SOHU) is China's premier online brand and indispensable to the
 daily life of millions of Chinese who use the portal network for their news,
 search, e-mail, wireless messaging, instant messaging, browsing, games and
 shopping.  SOHU has built one of the most comprehensive matrices of Chinese
 language web properties and proprietary search engines, consisting of the mass
 portal and leading online media destination www.sohu.com; interactive search
 engine http://www.sogou.com; the #1 online alumni club
 http://www.chinaren.com ; #1 games information portal http://www.17173.com ;
 top real estate website www.focus.cn; and wireless value-added services
 provider http://www.goodfeel.com.cn . This network of web properties offers
 the vast SOHU user community very broad choices regarding information,
 entertainment, communication and commerce.
 SOHU corporate services consist of online advertising on its matrix of
 websites as well as paid listing and bidding listing on its in-house developed
 search directory and engine. SOHU also offers three types of consumer services.
 SOHU offers wireless value-added services such as news, information, ringtone
 and picture content sent over mobile phones. The company also operates two
 massively multi-player online role-playing games and manages a business-to-
 consumer e-commerce platform.
     SOHU.COM, established by Dr. Charles Zhang, one of China's Internet
 pioneers, is in its ninth year of operation.
 
     For further information:
 
      Caroline Straath
      SOHU Investor Relations and Communications
      Tel:    +86-10-6272-6596
      Email:   ir@sohu-inc.com
      Web:     http://www.sohu.com/about/English
 
 

SOURCE SOHU.COM Inc.
    BEIJING, Feb. 22 /Xinhua-PRNewswire-FirstCall/ -- SOHU.COM Inc.
 (Nasdaq:   SOHU), China's leading online media, communications, commerce and
 mobile value-added services company, today announced it has repurchased
 885,605 shares of common stock between February 10 and February 17, 2005.
     SOHU reports that in the period from February 10 to February 17, 2005, it
 purchased 885,605 shares at an average price per share of US$15.66, for total
 consideration of US$13,873,000 including a brokerage commission of US$0.03 per
 share.  This completes the current stock repurchase program approved by the
 Board of Directors on April 26, 2004, and extended on October 27, 2004. In
 November 2004 the company purchased 360,500 shares for total consideration of
 US$6,125,000.  Earlier, in May 2004, the company purchased 1,000,000 shares
 for total consideration of US$17,752,000.
     "Through three stock buybacks in the past ten months we have repurchased
 2,246,105 shares, or 6% of total shares outstanding.  We believe the buy-back
 is an attractive investment for the company and sends a positive message to
 our shareholders," said Charles Zhang, Chairman and CEO of SOHU.
 
     Safe Harbor Statement
     This announcement contains forward-looking statements.  Statements that
 are not historical facts, including statements about our beliefs and
 expectations, are forward-looking statements.  These statements are based on
 current plans, estimates and projections, and therefore you should not place
 undue reliance on them.  Forward-looking statements involve inherent risks and
 uncertainties.  We caution you that a number of important factors could cause
 actual results to differ materially from those contained in any forward-
 looking statement.  Potential risks and uncertainties include, but are not
 limited to, SOHU's historical and possible future losses, limited operating
 history, uncertain regulatory landscape in the People's Republic of China,
 fluctuations in quarterly operating results, and the company's reliance on
 online advertising sales, wireless services (most wireless revenues are
 collected from a few mobile telecom operators), online games and e-commerce
 for its revenues.  Further information regarding these and other risks is
 included in SOHU's Quarterly Report on Form 10-Q for the quarter ended
 September 30, 2004, and other filings with the Securities and Exchange
 Commission.
 
     About SOHU.COM Inc.
    (Nasdaq:   SOHU) is China's premier online brand and indispensable to the
 daily life of millions of Chinese who use the portal network for their news,
 search, e-mail, wireless messaging, instant messaging, browsing, games and
 shopping.  SOHU has built one of the most comprehensive matrices of Chinese
 language web properties and proprietary search engines, consisting of the mass
 portal and leading online media destination www.sohu.com; interactive search
 engine http://www.sogou.com; the #1 online alumni club
 http://www.chinaren.com ; #1 games information portal http://www.17173.com ;
 top real estate website www.focus.cn; and wireless value-added services
 provider http://www.goodfeel.com.cn . This network of web properties offers
 the vast SOHU user community very broad choices regarding information,
 entertainment, communication and commerce.
 SOHU corporate services consist of online advertising on its matrix of
 websites as well as paid listing and bidding listing on its in-house developed
 search directory and engine. SOHU also offers three types of consumer services.
 SOHU offers wireless value-added services such as news, information, ringtone
 and picture content sent over mobile phones. The company also operates two
 massively multi-player online role-playing games and manages a business-to-
 consumer e-commerce platform.
     SOHU.COM, established by Dr. Charles Zhang, one of China's Internet
 pioneers, is in its ninth year of operation.
 
     For further information:
 
      Caroline Straath
      SOHU Investor Relations and Communications
      Tel:    +86-10-6272-6596
      Email:   ir@sohu-inc.com
      Web:     http://www.sohu.com/about/English
 
 SOURCE  SOHU.COM Inc.