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Amazon.com Announces Partial Redemption of 6.875% Convertible Subordinated Notes

SEATTLE--(BUSINESS WIRE)--Feb. 2, 2005--Amazon.com, Inc. (Nasdaq:AMZN) announced that on March 7, 2005, it will redeem EUR 200,000,000 in principal amount of its outstanding 6.875% Convertible Subordinated Notes due 2010 ("PEACS"). For the PEACS, the CUSIP number is 023135AG1 and the ISIN number is US023135AG10. The PEACS to be redeemed will be selected by lot in accordance with the procedures of The Depository Trust Company, the registered holder of the PEACS. After completion of the redemption of EUR 200,000,000 in principal amount of the PEACS, there will be EUR 490,000,000 aggregate principal amount of PEACS outstanding.

The PEACS will be redeemed at a redemption price of 100% of the principal amount at maturity, plus accrued and unpaid interest from and including February 16 through March 6, 2005.

The right to convert the PEACS to be redeemed into common stock of Amazon.com will expire on March 4, 2005. The current conversion price of the PEACS is EUR 84.883.

Copies of the notice of redemption may be obtained from The Bank of New York, the trustee and paying agent for the PEACS, by calling Bondholder Relations at 1-800-254-2826.

About Amazon.com

Amazon.com (Nasdaq:AMZN), 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 offer millions of unique new, refurbished and used items in categories such as health and personal care, jewelry and watches, gourmet food, sports and outdoors, apparel and accessories, books, music, DVDs, electronics and office, toys and baby, and home and garden.

Amazon.com and its affiliates operate seven Web sites: www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.fr, www.amazon.co.jp, www.amazon.ca, and www.joyo.com.

As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

Forward Looking Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, significant amount of indebtedness, competition, management of growth, potential fluctuations in operating results, international expansion, fulfillment center optimization, seasonality, commercial agreements, acquisitions, and strategic transactions, foreign exchange rates, system interruption, consumer trends, inventory, 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, 2003, and all subsequent filings.


    CONTACT: Amazon.com
             Patty Smith, 206-266-7180

    SOURCE: Amazon.com, Inc.

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