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Amazon.Com Announces Redemption of Senior Discount Notes

SEATTLE--(BUSINESS WIRE)--April 24, 2003--Amazon.com, Inc. (Nasdaq:AMZN) today announced that on May 28, 2003, it will redeem all of its outstanding 10% Senior Discount Notes due May 2008.

The Senior Discount Notes, with an aggregate principal amount at maturity of $264 million, will become due and payable on the redemption date and the holders of the Senior Discount Notes will be entitled to payment upon surrender of their notes to The Bank of New York, the paying agent.

The Senior Discount Notes will be redeemed at a redemption price of 105% of the principal amount at maturity, plus accrued and unpaid interest from May 1, 2003 through May 27, 2003.

About Amazon.com

Amazon.com, a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers list millions of unique new and used items in categories such as apparel and accessories, electronics, computers, kitchenware and housewares, books, music, DVDs, videos, cameras and photo items, toys, baby items and baby registry, software, computer and video games, cell phones and service, tools and hardware, magazine subscriptions and outdoor living items.

Amazon.com operates six Web sites: www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.fr, www.amazon.co.jp and www.amazon.ca.

These forward-looking statements are inherently difficult to predict. Actual results could differ materially for a variety of reasons, including, among others, the rate of growth of the economy in general and of the Internet and online commerce; customer spending patterns; world events, the amount that Amazon.com invests in new business opportunities and the timing of those investments; the mix of products sold to customers; the mix of net sales derived from products as compared with services; competition; risks of inventory management; the degree to which the Company enters into, maintains and develops commercial agreements and strategic transactions; foreign exchange risks; seasonality; international growth and expansion; and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risk of future losses, significant amount of indebtedness, potential fluctuations in operating results, management of potential growth, system interruptions, consumer trends, fulfillment center optimization, limited operating history, government regulation and taxation, fraud and new business areas. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2002, and all subsequent filings.


    CONTACT: Amazon.com
             Tim Halladay, 206/266-2171 (Investor Relations)
             ir@amazon.com
              or
             Amazon.com
             Bill Curry, 206/266-7180 (Public Relations)

    SOURCE: Amazon.com, Inc. 

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