Capital Z Financial Services Fund II, New York, has purchased approximately 1.2 million shares ofLendingTree common stock at $7.98 per share and received warrants to purchase an additional 360,000 shares of commonstock at the same price, for a total investment of $10 million. The investmentincreases Capital Z's position as LendingTree's largest shareholder from 21.2% to 26.2%. Capital Z retains theright to receive additional shares of LendingTree common stock at a lower price if LendingTree raises additionalfunds. LendingTree's website address is http://www.lendingtree.com.
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