SEATTLE--(BUSINESS WIRE)--Oct. 24, 2003--Amazon.com, Inc. (Nasdaq:AMZN) today announced that on November 24, 2003, it will redeem $200 million in principal amount of its outstanding 4.75% Convertible Subordinated Notes due 2009. The CUSIP numbers for the Notes are 023135AD8 and 023135AF3.

The Notes will be redeemed at a redemption price of 102.850% of the principal amount at maturity, plus accrued and unpaid interest from August 1 through November 23, 2003. The Notes to be redeemed will be selected by lot in accordance with the procedures of The Depository Trust Company, the registered holder of the Notes. After completion of the redemption of $200 million in principal amount of the Notes, there will be approximately $1.05 billion aggregate principal amount of Notes outstanding.

The right to convert the Notes to be redeemed into common stock of Amazon.com will expire on November 21, 2003. The current conversion price for the Notes is $78.0275.

Copies of the notice of redemption may be obtained from The Bank of New York, the trustee and paying agent for the Notes, by calling Bondholder Relations at 1-800-254-2826.

About Amazon.com

Amazon.com, a Fortune 500 company based in Seattle, opened its virtual doors on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and sellers list millions of unique new and used items in categories such as apparel and accessories, sporting goods, electronics, computers, kitchenware and housewares, books, music, DVDs, videos, cameras and photo items, toys, baby items and baby registry, software, computer and video games, cell phones and service, tools and hardware, travel services, magazine subscriptions and outdoor living items.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, significant amount of indebtedness, competition, commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, foreign exchange rates, management of potential growth, system interruption, international expansion, consumer trends, inventory, fulfillment center optimization, limited operating history, government regulation and taxation, fraud, and new business areas. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2002, and all subsequent filings.

CONTACT:
Amazon.com Public Relations
Bill Curry
206-266-7180