Press Release

NEW YORK--(BUSINESS WIRE)--Feb. 15, 2008--The Interpublic Group of Companies, Inc. (NYSE: IPG) today announced that it is notifying holders of its 4.50% Convertible Senior Notes due 2023 (the "Notes") that they have the right, pursuant to the terms of the Notes, to require Interpublic to purchase their Notes for cash (the "Put Option"). The Put Option expires on March 14, 2008.

As required by rules of the Securities and Exchange Commission, Interpublic will file a Tender Offer Statement on Schedule TO later today. In addition, documents specifying the terms, conditions and procedures for exercising the Put Option will be available through The Depository Trust Company and the paying agent, which is The Bank of New York. None of Interpublic, its board of directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Put Option.

The Put Option entitles each holder of the Notes to require Interpublic to purchase all or part of such holder's Notes at a price equal to $1,000 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest (including contingent interest) up to, but excluding, March 15, 2008. As March 15, 2008 is an interest payment date for the Notes, interest accrued up to, but excluding, the purchase date will be paid to record holders as of the regular record date immediately preceding this interest payment date, and therefore Interpublic expects that there will be no accrued and unpaid interest due as part of the purchase price. Under the terms of the Notes, Interpublic will pay the purchase price in cash. If all outstanding Notes are surrendered for purchase pursuant to the Put Option, the aggregate cash purchase price will be $200.0 million. The Notes are, subject to certain conditions, convertible into 80.5153 shares of Interpublic's common stock per $1,000 principal amount of the Notes. On February 14, 2008, the last reported sales price of Interpublic's common stock on the New York Stock Exchange was $8.44 per share.

Noteholders' opportunity to exercise the Put Option will commence on February 15, 2008, and will terminate at midnight, New York City time, on March 14, 2008. In order to exercise the Put Option, a holder must follow the procedures set forth in Interpublic's company notice to holders, which is available through The Depository Trust Company and The Bank of New York. Holders may withdraw any previously delivered purchase notice pursuant to the terms of the Put Option at any time prior to midnight, New York City time, on March 14, 2008.

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;

-- 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.