At Home Corporation Completes Initial Public Offering of 9,000,000 Shares of Common Stock

Redwood City, CA -- July 11, 1997 -- At Home Corporation today announced its initial public offering of 9,000,000 shares of Series A Common Stock at a price of $10.50 per share. All of the shares were sold by the Company. The Company has approximately 117,520,996 shares outstanding after the offering. The Series A Common Stock is traded on the Nasdaq National Market under the symbol "ATHM."

The company is a leading provider of Internet services over the cable television infrastructure to consumers and businesses. The company's primary service offering, the @Home service, allows residential subscribers to connect their personal computers via cable modems to a new high-speed network developed and managed by the company. The company intends to use the net proceeds for general corporate purposes, including working capital and capital expenditures.

The managing underwriters of the offering are Morgan Stanley & Co. Incorporated and Merrill Lynch & Co., which jointly coordinated the activities of the managers, and Alex. Brown & Sons Incorporated and Hambrecht & Quist LLC. Prospectuses may be obtained from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, New York 10036, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 250 Vesey Street, New York, New York 10281, Attn: Preliminary Prospectus Department; Alex. Brown & Sons Incorporated, One South Street, Baltimore, Maryland 21202; and Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.