Investor sells 8.9 mn Priceline.com shares

Hutchison Whampoa
Limited and Cheung Kong (Holdings) Limited has sold 8.9 million shares of
priceline.com common stock in an offering underwritten by Goldman,
Sachs & Co. The shares sold were covered by a shelf registration
statement filed with the Securities and Exchange Commission in May
2004.

  The sale, which was completed today, represents approximately 70%
of the approximately 12.7 million shares of priceline.com common stock
owned by Hutchison Whampoa Limited and Cheung Kong (Holdings) Limited
prior to the sale. Hutchison Whampoa Limited and Cheung Kong
(Holdings) Limited will continue to have the right to appoint
representatives to priceline.com’s Board of Directors.

  “Hutchison Whampoa and Cheung Kong Holdings have been
priceline.com investors since 2001 and have supported our business
through some difficult times, including the aftermath of September
11th,” said priceline.com President and Chief Executive Officer
Jeffery H. Boyd. “We are pleased that their investment and their
support has been rewarded with a successful transaction.”
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