1. Thomas J. McInerney EVP & Chief Financial Officer March 2006

2. 2 Building Businesses Across the Consumer Spectrum Media Membership Services Retailing

3. 3 Supply Network Rounded unaudited estimates and subject to change ~ 2,000 Merchandise vendors 9,000 Ticketing clients 460 Mortgage lenders 7,100 Realty brokers / agents / builders 40,000Home service providers 37,000 PFP locations 2,200 Resort properties 70,000 Merchants offering discounts

4. 4 Multiple Brands

5. 5 Establishing Market Leaders When Banks Compete, You Win. 83% brand awareness Love is Complicated. Match is Simple. World’s largest dating site Use Tools, Feel Human. 20% market share increase in 2005

6. 6 Distinct Consumer Offerings

7. 7 Distinct Merchant Offerings

8. 8 2005 Financial Summary $ in millions Adjusted excludes Cornerstone Brands (acquired 4/1/05), Ask (acquired 7/19/05), and spin-off expenses. 37% growth 18% adjusted Revenue 59% growth 44% adjusted Operating Income Before Amortization $5,754 $4,188 $668 $422 20042005 20042005

9. 9 Most Established Businesses $ in millions 28% CAGR 17% HSN Operating Income Before Amortization $282 $173 20032005 29% CAGR Operating Income Before Amortization $111 $66 20032005 23% CAGR Operating Income Before Amortization 20032005 $219 $145

10. 10 Selling More Tickets, Better

11. 11 Expanding Globally International % of Ticketing Revenue Markets Added to Results

12. 12 Source: 2005 market size estimate per MBAA (December 2005); lender data per Inside Mortgage Finance (2/05). Pursuing a Large Lending Opportunity ~40,000 Brokers ~60% Top 15 Retail Producers ~30% ~10,000 Smaller Lenders ~10% LendingTree $27.8 Billion $2.8 Trillion U.S. Mortgage Market (2005 est)

13. 13 Track Record $ in millions Source: U.S. mortgage market growth derived from MBAA data ((December 2005)). LT Lending Revenue Y/Y U.S. Mortgage Market Y/Y 72% 42% 10% 131% 27% 34% -27% 0%

14. 14 Introducing Ask.com

15. 15 Maps & Directions

16. 16 Weather

17. 17 Web Answers / Zoom

18. 18 Binoculars

19. 19 Source: comScore Q Search, February 2006. Gaining Share U.S. Search Queries Ask Search Properties

20. 20 Consolidated Financial Summary $ in millions Revenue Operating Income Before Amortization 37% growth 59% growth $5,754 $4,188 $668 $422 2004200520042005 Free Cash Flow 102% growth $348 $702 20042005

21. 21 Shares Outstanding As reported on the dates indicated, with the 2/10/05 share counts reverse split adjusted. 2/10/05 349 million 374 million 320 million 342 million Diluted Absolute 2/3/06

22. 22 Net Cash As of December 31, 2005 * $1.3 billion gross debt less $362 million LendingTree Loans debt that is non-recourse to IAC. Cash / Restricted Cash & Marketable Securities Net Cash pro forma Debt* $2.6 Billion $1.6 Billion $1.0 Billion

24. 24 Important Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995 This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements relating to anticipated financial performance, business prospects, new developments and similar matters, and/or statements that use words such as "anticipates," "estimates," "expects," "intends," "believes" and similar expressions. These forward-looking statements are necessarily estimates reflecting the best judgment of IAC’s senior management, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties are described in IAC’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended 2004, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and 2005 Annual Proxy Statement. Other unknown or unpredictable factors also could have material adverse effects on IAC’s future results, performance or achievements. In light of these risks and uncertainties, the forward-looking events discussed in this presentation may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this presentation. IAC is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this presentation to reflect circumstances existing after the date of this presentation or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Prepared March 2006

25. 25 Reconciliation Operating Income Before Amortization to Operating Income $ in thousands; rounding differences may exist

26. 26 Reconciliation Operating Income Before Amortization to Operating Income $ in millions; rounding differences may exist

27. 27 Reconciliation GAAP EPS to Adjusted EPS $ in thousands (except per share amounts); rounding differences may exist

28. 28 Reconciliation Operating Cash Flow from Continuing Operations to Free Cash Flow $ in millions; rounding differences may exist

29. 29 Reconciliation Reported Results to Adjusted Results $ in millions; rounding differences may exist