June 23, 2001

Yahoo! Inc. announced that it has joined forces with the Latin Academy of Recording Arts & Sciences (LARAS) to host the online experience for the 2nd Annual Latin GRAMMY Awards. As part of the relationship, Yahoo! is hosting a special site (http://latingrammy.yahoo.com) to give fans an exclusive behind-the-scenes look at the event, which will air on CBS from Miami on September 11, 2001, at 9:00 p.m./EDT. The site kicks off with a series of video clips from this year's official GRAMMY nomination ceremony and contains the latest news on the music and entertainment surrounding the event.

Through Yahoo!'s extensive global network, music fans worldwide have VIP access to the 2001 Latin GRAMMY Awards, complete with nominee video clips, video clips of special moments at last year's Latin GRAMMY Awards Show, celebrity chats and exclusive highlights from LARAS' 2001 Person of the Year tribute honoring Julio Iglesias. All content provided on the special site is available in English, Spanish and Portuguese and is featured on five of Yahoo!'s global properties including, Yahoo!, Yahoo! en Espanol, Yahoo! Argentina, Yahoo! Brazil, Yahoo! Mexico and Yahoo! Spain.

Sneak preview of the 2001 Latin GRAMMY nominees, along with select video clips from the nomination ceremony on
http://latingrammy.yahoo.com.

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