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Interpublic Plans Bond Offering

NEW YORK--(BUSINESS WIRE)--Nov. 15, 2004--The Interpublic Group of Companies, Inc. (NYSE: IPG) today announced that it plans, subject to market conditions, to offer approximately $500 million principal amount of senior debt securities, consisting of five and ten year maturities. Citigroup Global Markets, Inc., J.P. Morgan Securities Inc. and UBS Securities LLC are the joint book-running managers in the offering.

Interpublic's long-term debt is rated Baa3 (Stable) by Moody's Investors Services, BB+ (Negative CreditWatch) by Standard & Poor's and BB+ (Stable) by Fitch.

Interpublic intends to use proceeds from the offerings to repay $250 million principal amount of its 7.875% notes due 2005 and to redeem in whole or in part its 1.87% convertible subordinated notes due 2006.

Copies of the preliminary prospectus supplement for the offering of the notes can be obtained from Citigroup Global Markets, Inc. (Prospectus Department, 140 58th Street, Brooklyn, NY 11220, phone: (718) 765-6732), J.P. Morgan Securities Inc. (Syndicate Desk, phone: (212) 834-4533) and UBS Securities LLC (Attention: Tony Colorafi, 677 Washington Blvd., Stamford, CT 06901, phone: (203) 719-1088).

Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of any such state or jurisdiction.

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:
Julie Tu, 212-827-3776
Media, Analysts, Investors:
Philippe Krakowsky, 212-704-1328
Analysts, Investors:
Jerry Leshne, 212-704-1439

SOURCE: The Interpublic Group of Companies, Inc.