Continental Airlines and eBay Create Co-Branded Site

Continental
Airlines (NYSE: CAL) and eBay (Nasdaq: EBAY), the world`s online
marketplace(TM), today announced a new, co-branded site
(http://www.continental.ebaytravel.com ) that allows Continental OnePass members to
bid on sporting events, VIP performing arts experiences and Continental
Airlines Vacations using frequent flier miles.

Continental Airlines is also listing vacation packages and other items on
eBay Travel (http://www.ebaytravel.com ) that are available for purchase and open to
all eBay bidders.

“eBay`s online marketplace experience, name recognition and credible
reputation make them an ideal partner for Continental Airlines,” said Mark
Bergsrud, Continental Airlines` vice president marketing.  “This new program
gives Continental`s OnePass members more opportunities to redeem miles for
something other than traditional travel rewards including once-in-a-lifetime
opportunities not offered to the general public such as on-field sports
clinics with professional athletes and private receptions with performers at
major cultural events.”

“We have always been associated with helping individual sellers and
companies acquire customers, and this program is a good example of eBay`s
commitment to help them retain loyal customers, as well,” said Doug Galen,
vice president, eBay.  “We are very pleased to team with Continental, a very
strong and well-respected brand in the travel industry, and they remain
innovative in their thinking.”

Through Continental`s corporate sponsorship of art, cultural and sporting
institutions in its hub cities of Houston, Cleveland and New York/Newark,
OnePass members have the opportunity to bid on unique experiences in addition
to traditional vacation packages such as:

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—Game tickets and the chance to participate in on-field sports clinic with the Houston Astros, Cleveland Indians, Cleveland Browns, New York Yankees, New Jersey Nets or New Jersey Devils;

—Tickets to an opening performance and the opportunity to attend a private reception with performers at the Houston Grand Opera, Houston`s Theater Under the Stars (TUTS) or Alley Theatre, Carnegie Hall, Lincoln Center or the New York Philharmonic.

Members will be required to register and create an OnePass Online Auction
profile using their OnePass number and personal identification number (PIN).
Members must have miles in the account at the time of transaction and eBay
will send redemption information to the winning bidder.

About Continental Airlines: Continental Airlines is the fifth largest airline in the United States,
offering more than 2,100 departures daily to 120 domestic and 91 international
destinations.  Operating hubs in New York, Houston, Cleveland and Guam,
Continental serves more international cities than any other U.S. carrier,
including extensive service throughout the Americas, Europe and Asia.  For
more information, visit continental.com .

About eBay: eBay is The World`s Online Marketplace(TM).  Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate
community of individuals and businesses.  On any given day, there are millions
of items across thousands of categories for sale on eBay.  eBay enables trade
on a local, national and international basis with customized sites in markets
around the world.

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