SOHU.COM Reports on Current Status of Stock Repurchase Program

SOHU.COM Reports on Current Status of Stock Repurchase Program

BEIJING, Dec. 1 /Xinhua-PRNewswire/ -- SOHU.COM Inc. (NASDAQ:SOHU), China's leading online media, communications, commerce and mobile value-added services company, today announced it has repurchased 360,500 shares of common stock between November 1 and November 30, 2004.

SOHU reports that in the period of November 1-30, 2004 it has purchased 360,500 shares at an average price per share of US$ 16.99, for total consideration of US$6,125,000 including a brokerage commission of US$0.03 per share. This follows the approval of the Board of Directors announced on October 28, 2004 for SOHU to buy back from time to time up to US$20 million worth of outstanding shares of its common stock. As a result of the stock buy-back SOHU had, as of November 30, 2004, approximately 36.5 million shares of common stock outstanding, and there remained up to US$13,875,000 available for repurchases from time to time by SOHU. Investors should be aware that the buy-back program could be discontinued at any time, and that the company generally does not intend to make any purchases during periods when its officers, directors, and key employees are prohibited from trading pursuant to company policy. "We decided that our continuing buy-back program, following the repurchase of 1 million shares in May 2004, is an attractive investment for the company and sends a positive message to our shareholders," said Charles Zhang, Chairman and CEO of SOHU.

Safe Harbor Statement

This announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, SOHU's historical and possible future losses, limited operating history, uncertain regulatory landscape in the People's Republic of China, fluctuations in quarterly operating results, and the company's reliance on online advertising sales, e-subscriptions (most of which are collected from a few mobile telecom operators) and e-commerce for its revenues. Further information regarding these and other risks is included in SOHU's Annual Report on Form 10K for the year ended December 31, 2003, and other filings with the Securities and Exchange Commission.

About SOHU

SOHU.COM (NASDAQ:SOHU) is China's premier online brand and indispensable to the daily life of millions of Chinese who use the portal network for their news, search, e-mail, wireless messaging, instant messaging, browsing, games and shopping. SOHU has built one of the most comprehensive matrixes of web properties in China, consisting of the mass portal and leading online media destination http://www.sohu.com/ ; the #1 online alumni club http://www.chinaren.com/ ; #1 games portal http://www.17173.com/ and top real estate website http://www.focus.cn/ . This network of web properties offers the vast SOHU user community the broadest possible choices regarding information, entertainment, communication and commerce. SOHU.com, established by Dr. Charles Zhang, one of China's Internet pioneers, is in its eighth year of operation.

For further information:

Caroline Straath
SOHU Investor Relations and Communications
Tel: +86-10-6510-1379
Email: ir@sohu-inc.comhttp://www.sohu.com/about/English/

Web Sites: http://www.sohu.com
http://www.chinaren.com
http://www.17173.com
http://www.focus.cn
http://www.sohu.com/about/English


Source: SOHU.COM Inc.

CONTACT: Caroline Straath of SOHU, +86-10-6510-1379, or
ir@sohu-inc.com


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