Press Release

New York, March 14, 2000 (NYSE:IPG) - The Jack Morton Company and The Interpublic Group of Companies, Inc. reiterated their earlier release from today that Jack Morton plans to buy certain of the assets of Caribiner's communications division for $90 million in cash. It was incorrectly reported by the press that the transaction involved the purchase of 40% of Caribiner at a value to Caribiner's stockholders of about $9.50 per share. Jack Morton and Interpublic reconfirmed that the transaction is an asset purchase that does not involve either the exchange of any stock or the assumption of any of Caribiner's bank debt.

The Interpublic Group of Companies, Inc., one of the largest advertising and marketing communications organizations in the world, is comprised of McCann-Erickson WorldGroup, The Lowe Group, DraftWorldwide, Initiative Media Worldwide, International Public Relations, Octagon, Zentropy Partners, Allied Communications Group, and other related companies.

The shares of The Interpublic Group of Companies, Inc. are listed on the New York Stock Exchange (IPG); more information about Interpublic is available on the Company's Web site at www.interpublic.com.