SYDNEY, Australia – 12 July 2002 - Macromedia, Inc. (Nasdaq: MACR) announced an expanded technology development and distribution agreement with America Online, Inc. under which Macromedia Flash Player will continue to be distributed with AOL software and will feature enhanced functionality that will enable AOL members to enjoy a more robust content experience.

"Macromedia and America Online have a shared vision of improving the online user experience," said Dominic Gallello, executive vice president, Macromedia. "By using the extended functionality and features provided by Macromedia Flash, America Online will be able to enhance its member experience on a number of levels."

"We're pleased to expand our association with Macromedia," said Marty Fisher, president, AOL Technology. "By continuing to work with Macromedia, we can enrich the quality of our customer's interactions and improve the quality and user experience of many of our AOL client products."

ABOUT MACROMEDIA

Macromedia (www.macromedia.com/ap) empowers millions of designers and developers to create effective user experiences across the widest array of platforms and devices. Through an open, integrated family of client, tool, and server technologies, Macromedia is driving a new generation of rich Internet applications that will radically improve the Internet experience.

Copyright 2002 Macromedia, Inc. All rights reserved. Macromedia, the Macromedia logo, and Macromedia Flash are trademarks or registered trademarks of Macromedia, Inc., which may be registered in the United States and internationally. Other product or service names mentioned herein are the trademarks of their respective owners.

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