Excite@Home Announces AT&T Termination of Pending Asset Purchase Agreement and Transition Agreements with Several Cable Companies

REDWOOD CITY, CA - Dec. 4- Excite@Home announced that it has received notification from AT&T; Corporation of AT&T;'s termination of its obligations to pursue the Asset Purchase Agreement for certain of Excite@Home's broadband Internet access business assets. Separately, Excite@Home also announced that it has reached a transition agreement with Comcast Cable Communications Inc., Cox Communications Inc., Rogers Cable Inc., Insight Communications Company, L.P., Insight Communications Midwest, LLC and Insight Kentucky Partners II, L.P., Mediacom LLC and Mediacom Broadband LLC, and Mid Continent Communications to provide continued @Home service and transition services from now until February 28, 2002.

Under the terms negotiated, the combined cable companies have agreed to pay $355 million immediately to Excite@Home. The company will be allowed to access these funds under terms contained in the transition agreements. Under the terms negotiated, Excite@Home and the cable companies intend that the high speed Internet access service will not be interrupted for customers of the participating cable companies for the duration of the transition agreements. The transition service agreement is subject to bankruptcy court approval. The bankruptcy court has scheduled a hearing on the agreement for Friday morning in San Francisco.

Upon the expiration of the transition service agreement, Excite@Home intends to cease operations.

This press release contains statements that may be deemed 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, and the Company intends that such forward-looking statements be subject to the safe harbors created by those sections. These forward-looking statements include, among other things, statements relating to the continued provision or termination of the @Home service to its cable company customers, and the company's ability to provide service without interruption, the company's ability to access funds paid pursuant to the transition service agreement and the approval of the bankruptcy court of the transition service agreements.

Actual results may differ materially due to a number of factors, including, but not limited to, the company's ability to retain key employees; the company's ability to otherwise manage its operations and to perform transition services set out in the transition service agreement, and other risks and uncertainties described in the Quarterly Report on Form 10-Q for the period ended September 30, 2001 and its 10K previously filed with the Securities and Exchange Commission.