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Interpublic Commences Exchange Offer for Its Floating Rate Notes Due 2010

NEW YORK--(BUSINESS WIRE)--Sept. 27, 2007--The Interpublic Group of Companies, Inc. (NYSE: IPG) today announced the launch of an offer to exchange any and all of its outstanding $250,000,000 aggregate principal amount of old unregistered Floating Rate Notes due 2010 for its new Floating Rate Notes due 2010 that have been registered under the Securities Act of 1933, as amended. The exchange offer will commence on September 27, 2007, and expire at 5:00 p.m., New York City time, on October 26, 2007.

The terms of the new notes to be issued in the exchange offer will be substantially the same as the terms of the old notes, except that the new notes will not have transfer restrictions, registration rights or rights to additional interest for failure to register the old notes. Completion of the exchange offer will not change the amount of our outstanding debt or otherwise affect our capitalization.

A written prospectus providing the terms of the exchange offer may be obtained from the exchange agent, which can be contacted at:

Global Bondholder Services Corporation
65 Broadway - Suite 723
New York, New York 10006
Attention: Corporate Affairs
Telephone: (212) 430-3774
Facsimile: (212) 430-3775

About Interpublic

Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For more information, please visit www.interpublic.com.

Cautionary Statement

This release contains forward-looking statements. Statements in this release that are not historical facts, including statements about management's beliefs and expectations, constitute forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in our 2006 Annual Report on Form 10-K under Item 1A, Risk Factors, and other SEC filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following:

-- risks arising from material weaknesses in our internal control over financial reporting, including material weaknesses in our control environment;

-- our ability to attract new clients and retain existing clients;

-- our ability to retain and attract key employees;

-- risks associated with assumptions we make in connection with our critical accounting estimates;

-- potential adverse effects if we are required to recognize impairment charges or other adverse accounting-related developments;

-- potential adverse developments in connection with the ongoing SEC investigation;

-- potential downgrades in the credit ratings of our securities;

-- risks associated with the effects of global, national and regional economic and political conditions, including fluctuations in economic growth rates, interest rates and currency exchange rates; and

-- developments from changes in the regulatory and legal environment for advertising and marketing and communications services companies around the world.

Investors should carefully consider these factors and the additional risk factors outlined in more detail in our 2006 Annual Report on Form 10-K under Item 1A, Risk Factors, and other SEC filings.

CONTACT: The Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-704-1328
or
Jerry Leshne, 212-704-1439
(Analysts, Investors)

SOURCE: The Interpublic Group of Companies, Inc.