ereorg.com, Inc. Completes $7.5 Million Financing with Warburg, Pincus Equity Partners, L.P.

New York (PROTEXT) - ereorg.com, Inc. announced today that ithas completed its third round of financing with Warburg, PincusEquity Partners, L.P. Warburg, Pincus invested $7.5 million inereorg in exchange for equity in the company. The proceeds willbe used by ereorg to introduce new products and services in theU.S. and to fund international expansion. ereorg is a business-to-business e-commerce company which hasdeveloped the first global, online auction market for trading anestimated $340 billion of bank loans, trade claims and sovereignbank debt. ereorg's system creates a marketplace that offerstransparency, reduced transaction costs, anonymity, standardizeddocumentation, and shorter transaction cycles and settlementtimes. "Warburg, Pincus is an excellent strategic partner for ereorggiven the firm's expertise in electronic commerce, financialservices and fixed income markets, and its strong relationshipsin the commercial and investment banking communities," saidRonald DeKoven, CEO of ereorg. "We are pleased to be backing ereorg. The company hasdeveloped a proprietary auction system that will enable it tocapitalize on the revolution sweeping across fixed incomemarkets. Increased liquidity in the secondary debt markets willultimately benefit all key market players - borrowers, lendersand debt buyers," said Kewsong Lee, a Warburg, Pincus ManagingDirector. Since announcing its debt-trading system on December 2, ereorghas been busy processing registration requests from interestedbuyers and sellers. The public area of the company's web site isnow open ( http://www.ereorg.com ) and auctions will begin inJanuary 2000. ereorg is a registered broker-dealer and member ofthe National Association of Securities Dealers, Inc. (NASD).ereorg will not buy, sell, or own debt instruments for its ownaccount. Warburg, Pincus Equity Partners, L.P. is a private equity fundcapitalized with $5 billion in 1998 and is managed by E.M.Warburg, Pincus & Co., LLC. Financial services, and theopportunities created as a result of the Internet's impact onfinancial services businesses, are important focus areas forWarburg, Pincus. Other investments made by Warburg, Pincusinclude: Mellon Bank Corporation; BEA Systems, Inc; NOVACorporation; and TradeCard, Inc. Other investors in ereorginclude AMT Capital Management, a founding investor in B-Trade,the executing and clearing broker for Bloomberg Tradebook, andShearman & Sterling, an international law firm with a prominentcorporate restructuring practice. ots Original Text Service:ereorg.com, Inc. Internet: http://www.newsaktuell.de Contact:Steven Bruce or Carina Thate of Abernathy MacGregor Frank (USA)212-371-5999, for ereorg.com, Inc.; or ereorg.com, Inc., (USA)212-418-1150 Web site: http://www.ereorg.com

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