MACROMEDIA ANNOUNCES EXPANDED MACROMEDIA FLASH PLAYER DISTRIBUTION AGREEMENT WITH AMERICA ONLINE

Flashforward 2002 New York City—July 11, 2002—Macromedia, Inc. (Nasdaq: MACR) today announced an expanded technology development and distribution agreement with America Online, Inc. under which Macromedia Flash Player will continue to be distributed with AOL software and will feature enhanced functionality that will enable AOL members to enjoy a more robust content experience.

"Macromedia and America Online have a shared vision of improving the online user experience," said Dominic Gallello, executive vice president, Macromedia. "By using the extended functionality and features provided by Macromedia Flash, America Online will be able to enhance its member experience on a number of levels."

"We're pleased to expand our association with Macromedia," said Marty Fisher, president, AOL Technology. "By continuing to work with Macromedia, we can enrich the quality of our customer's interactions and improve the quality and user experience of many of our AOL client products."