eBay announces two week “Bid for a Buck” auction extravaganza

Company News

New Delhi, May 21

Adding an innovative dimension to online shopping, eBay India, India’s leading online marketplace, has announced a unique ‘Bid for a Buck’ auction promotion. Thousands of Lifestyle, Jewellery, Mobiles, Computers, Electronics, Cameras, Apparel and Travel products are on offer starting at Re. 1 during this promotion from May 18 – May 31, 2007.

From the latest mobiles, PDAs and Ipods to the most exquisite jewellery and fashionable apparel to even the most finely crafted furniture- all this and more is available to bid for on the site. Additionally, all items under the offer will have Free Shipping all over India! So log on to www.ebay.in today to start bidding!

Mr. Ambareesh Murty, Director, Marketplace Development, eBay India commented, “eBay has always been strongly associated with auctions and with our new ‘Bid for a Buck’ campaign, we aim to strengthen our proposition of being “the” place to buy online. It’s all about the thrill of getting your favourite products and unique items at a great price. eBay sellers have come up with a fabulous range of products and considering that a piece of jewellery is bought every 5 minutes and a mobile handset every 10 minutes on eBay India, we are confident Indian shoppers will love this promotion.”

With the consumer confidence growing towards shopping online, eBay India has evolved its auction model and shopping experience to offer great variety at great prices in a fun environment to its growing base of over 2 million users. Through the popular One Paisa Auctions format, eBay India aims at offering all its users a unique thrilling auction experience.

For further information, please contact:

Shivani Sharma / Bhavya Suri

Vaishnavi Corporate Communications

9871741891/9871772454

ssharma@vccpl.com/ bhavyas@vccpl.com