User Notification

[PayPal Billing <billing_(_at_)_paypal_(_dot_)_com>]

[IMAGE]



Dear PayPal User,

PLEASE READ THIS NOTICE CAREFULLY.

You have received this Notice because the records of PayPal, Inc.
indicate you are a current or former PayPal account holder who has been
deemed eligible to receive a payment from the class action settlement in
accordance with PayPal Litigation, Case No. 02 1227 JF PVT, pending in
the United States District Court for the Northern District of California
in San Jose.

In your specific case you have been found to be eligible for a payment of
$43.99 USD.

The aforementioned settlement funds may be transferred directly to your
bank account providing you have a linked debit card. The funds may not be
credited directly to your PayPal account as this would render Paypal to
be accumulating interest and thus profiting on litigation settlement
funds which contravenes Federal law. Your bank account will be credited
within 7 days upon submission of account details.

To credit your bank account please click here.

If you are seeking an alternate method of receiving your funds PayPal
will be contacting those who do not submit their details by the 17th of
January with instructions to receive a cheque in the mail. However this
will incur a 7.5% processing fee deducted from the settlement amount and
therefore PayPal only recommends this option to those users who do not
currently have a bank account with linked Bank Card.

Please Note that under United States federal law credit cards are not a
legally approved method of settlement for Class Action suits and cannot
be processed for transferal of funds in this case. Cards with Credit Card
logos such as Visa or MasterCard are acceptable as long as they are Debit
in nature. You can determine this by examining the back of your card. If
it has no CVV2 it is Debit in nature and acceptable. The CVV2 is the
three-digit number printed in the signature space on the back of credit
cards.

This notice is a summary and does not describe all details of the
settlement. For full details of the matters discussed in this notice, you
may wish to review the Settlement Agreement dated November 11, 2004 and
on file with the Court or visit https://www.paypal.com/settlement/.
Complete copies of the Settlement Agreement and all other pleadings and
papers filed in the lawsuit are also available for inspection and copying
during regular business hours, at the Office of the Clerk of the Court,
United States District Court for the Northern District of California, 280
South First Street, San Jose, California 95113.

PLEASE DO NOT TELEPHONE THE COURT REGARDING THIS NOTICE.

DATED: February 02, 2005

BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF
CALIFORNIA

This PayPal notification was sent in accordance with your PayPal
notification preferences. To modify your notification preferences, go to
https://www.paypal.com/PREFS-NOTI and log in to your account. PayPal will
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parties. For more information about the security of your information,
read our Privacy Policy at https://www.paypal.com/privacy. Replies to
this email will not be processed. Copyright© 2004 PayPal, Inc. All rights
reserved. Designated trademarks and brands are the property of their
respective owners. PayPal is located at 2211 N. First St., San Jose, CA
95131.