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Virage Announces Initial Public Offering

SAN MATEO, California—June 29, 2000 —Virage, Inc., a leading provider of products and application services that enable video for the Internet, today announced an initial public offering of 3.5 million shares of common stock at an offering price of $11 per share. All of these shares were offered by Virage, Inc. The shares will be quoted on The Nasdaq Stock Market's National Market under the symbol "VRGE."

Credit Suisse First Boston is acting as lead manager for the offering. FleetBoston Robertson Stephens and Wit SoundView are acting as co-managers. Virage, Inc. has granted the underwriters an option to purchase a maximum of 525,000 additional shares of common stock to cover over-allotments.

Copies of the final prospectus relating to the offering may be obtained from Credit Suisse First Boston Corporation, 11 Madison Avenue, New York, NY 10010-3629, Attn: Prospectus Department; FleetBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA 94104; Wit Soundview Corporation, 826 Broadway, New York, NY 10003.

For additional information, please contact Investor Relations at Virage (877) 464-8743 or http://www.virage.com/.

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