Thomas J Mc Inerney EVP Chief Financial Officer

Thomas J. Mc. Inerney EVP & Chief Financial Officer February 2006

Building Businesses … Retailing Services Media Membership 2

… Across the Consumer Spectrum Retailing Services Media Membership 3 Retailing Ticketing Lending Real Estate Search Advertising Local Vacations Personals Tele Home Social Planning Discounts

Supply Network ~ 2, 000 9, 000 460 Ticketing clients Mortgage lenders 7, 100 Realty brokers / agents / builders 40, 000 Home service providers 37, 000 PFP locations 2, 200 70, 000 Rounded unaudited estimates and subject to change 4 Merchandise vendors Resort properties Merchants offering discounts

Multiple Brands 5

Establishing Market Leaders When Banks Compete, You Win. • 83% brand awareness Love is Complicated. Match is Simple. • World’s largest dating site Use Tools, Feel Human. • 20% market share increase in 2005 6

Distinct Consumer Offerings 7

Distinct Merchant Offerings 8

2005 Financial Summary $ in millions 37% growth 18% adjusted 59% growth $5, 754 44% adjusted $668 $4, 188 $422 Operating Income Before Amortization Revenue 2004 2005 2004 Adjusted excludes Cornerstone Brands (acquired 4/1/05), Ask (acquired 7/19/05), and spin-off expenses. 9 2005

Most Established Businesses $ in millions 28% CAGR HSN 17% 23% CAGR $282 $219 29% CAGR $173 $145 $111 $66 Operating Income Before Amortization 2003 10 2005 2003 Operating Income Before Amortization 2005 2003 2005

Selling More Tickets, Better 11

Expanding Globally International % of Ticketing Revenue Markets Added to Results 12

Pursuing a Large Lending Opportunity $2. 8 Trillion U. S. Mortgage Market Lending. Tree $27. 8 Billion ~40, 000 Brokers ~60% (2005 est) Top 15 Retail Producers ~30% ~10, 000 Smaller Lenders ~10% Source: 2005 market size estimate per MBAA (December 2005); lender data per Inside Mortgage Finance (2/05). 13

Track Record $ in millions 131% LT Lending Revenue Y/Y 72% 42% U. S. Mortgage 27% Market Y/Y 34% 10% 0% -27% Source: U. S. mortgage market growth derived from MBAA data ((December 2005)). 14

Introducing Ask. com 15

Maps & Directions 16

Weather 17

Movies 18

Web Answers / Zoom 19

Binoculars 20

Gained Share in 2005 U. S. Search Queries 40. 0% 34. 7% 31. 9% 29. 5% 16. 3% 14. 3% 9. 4% December 2004 8. 5% 5. 3% 6. 3% December 2005 Ask Search Properties Source: com. Score Q Search, December 2005. 21

Consolidated Financial Summary $ in millions 37% growth $5, 754 102% growth 59% growth $4, 188 $422 22 $348 Operating Income Before Amortization Revenue 2004 $702 $668 2005 2004 Free Cash Flow 2005 2004 2005

Shares Outstanding Diluted 374 million 342 million Absolute 349 million 320 million 2/10/05 As reported on the dates indicated, with the 2/10/05 share counts reverse split adjusted. 23 2/3/06

Net Cash As of December 31, 2005 $2. 6 Billion $1. 6 Billion Debt* Cash / Restricted Cash & Marketable Securities Net Cash pro forma $1. 0 Billion * $1. 3 billion gross debt less $362 million Lending. Tree Loans debt that is non-recourse to IAC. 24

Important Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995 This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements relating to anticipated financial performance, business prospects, new developments and similar matters, and/or statements that use words such as "anticipates, " "estimates, " "expects, " "intends, " "believes" and similar expressions. These forward-looking statements are necessarily estimates reflecting the best judgment of IAC’s senior management, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties are described in IAC’s filings with the U. S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10 -K for the fiscal year ended 2004, Quarterly Reports on Form 10 -Q, Current Reports on Form 8 -K and 2005 Annual Proxy Statement. Other unknown or unpredictable factors also could have material adverse effects on IAC’s future results, performance or achievements. In light of these risks and uncertainties, the forward-looking events discussed in this presentation may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this presentation. IAC is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this presentation to reflect circumstances existing after the date of this presentation or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Prepared February 28, 2006 26

Reconciliation Operating Income Before Amortization to Operating Income $ in thousands; rounding differences may exist 27

Reconciliation Operating Income Before Amortization to Operating Income $ in millions; rounding differences may exist 28

Reconciliation GAAP EPS to Adjusted EPS $ in thousands (except per share amounts); rounding differences may exist 29

Reconciliation Operating Cash Flow from Continuing Operations to Free Cash Flow $ in millions; rounding differences may exist 30

Reconciliation Reported Results to Adjusted Results $ in millions; rounding differences may exist 31