LendingTree, Inc., an online loan marketplace and technology provider, on March 21 announced that the company has closed on its most

recent round of financing previously announced on March 7.

The package consists of $21 million raised through the sale of approximately $13 million

in convertible preferred stock, priced at $3.50 per share, and lines of credit for $7.5 million which will fund LendingTree's operations until the company expects to earn positive operating cash flow (EBITDA) in first quarter 2002.

The company also received an additional commitment for a $24 million line of common equity financing, which will enable LendingTree to sell common stock, when and if the company desires, during the next 24 months, subject to

certain restrictions.

About LendingTree, Inc.

LendingTree bills itself as the leading online loan marketplace and loan exchange technology provider.

LendingTree's loan exchange technology,

Lend-X(sm), powers the online loan marketplace at LendingTree.com, as well as the online lending offerings of other institutions.

At LendingTree.com qualified consumers may receive multiple loan offers, within one business day, in response to a single loan request for automobile financing loans, home mortgages, home equity loans, personal loans, and credit cards.

More than 100 banks and lenders compete for consumers' business in the LendingTree loan

marketplace at www.lendingtree.com, providing consumers with more control over the lending process by enabling them to compare and review multiple loan offers.

For more information, or for a full listing of the more than 100 banks and lenders in the Lending Tree marketplace visit www.lendingtree.com or call 704-541-5351.

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