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Interpublic Completes Redemption of Its 1.87% Convertible Subordinated Notes Due 2006

NEW YORK--(BUSINESS WIRE)--Dec. 17, 2004--The Interpublic Group of Companies, Inc. (NYSE: IPG) announced today that it redeemed $361,000,000 in aggregate principal amount of its 1.87% Convertible Subordinated Notes due 2006 (CUSIP Nos. 460690AG5 and 460690AJ9) (representing the entire outstanding aggregate principal amount of such notes) on December 17, 2004, at an aggregate redemption price of $346,841,981.

About Interpublic

Interpublic is one of the world's leading organizations of advertising agencies and marketing-services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe & Partners Worldwide, McCann Erickson, Octagon, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.


    CONTACT: The Interpublic Group of Companies, Inc.
             General Inquiries:
             Julie Tu, 212-827-3776
             or
             Media, Analysts, Investors:
             Philippe Krakowsky, 212-704-1328
             or
             Analysts, Investors:
             Jerry Leshne, 212-704-1439

    SOURCE: The Interpublic Group of Companies, Inc.