FOR IMMEDIATE RELEASE

Planetout Partners Receives $8.2 Million in Initial Series D Funding Round

Industry Heavyweights Continue to See Value Of Leading Company Addressing Affluent Gay and Lesbian Market

SAN FRANCISCO, CA - May 10, 2001 - PlanetOut Partners, Inc. announced today that it has closed an initial Series D round of funding of more than $8.2 million dollars. The round includes premier new investors as well follow-on investments from leading backers of Online Partners, Inc. and PlanetOut Corporation, the two online services companies that merged in March 2001 to form PlanetOut Partners, Inc.

Participants in this initial round include AOL Time Warner Ventures, JPMorgan Partners, Flatiron Partners, David Bohnett's Baroda Ventures, Jesse.Hansen CoVe, IDG Ventures, Petunia Resources in concert with Macluan Digital, UK-based Episode 1 and private investor Ric Weiland.

"While most dot.coms struggle to prove their business models or have failed to obtain funding, top-tier investors continue to recognize the unique position PlanetOut Partners holds as the leading company serving lesbian, gay, bisexual and transgendered (LGBT) consumers globally," said Lowell Selvin, chief executive officer of PlanetOut Partners. "We see this funding round as a ringing endorsement of our business model, of our track record to execute on our strategic and operating plans, and of our goal to generate positive cash flow by year-end by delivering tailored products and services to this underserved, affluent and significant market."

"As a past investor in Online Partners, Inc., Flatiron has recognized and continues to recognize the unique opportunity associated with reaching the gay and lesbian market," said Jerry Colonna of Flatiron. "PlanetOut Partners is the clear leader in this space and has the momentum, strategy and reach required for success."

"AOL has had a long relationship with PlanetOut, a real leader in the LGBT community," said Ron Peele, vice president of AOL Time Warner Ventures. "The LGBT market demands quality services and products specifically tailored to them, and we see PlanetOut Partners as extremely well-positioned to serve its customers."

PlanetOut Partners expects to close the rest of its Series D funding round by the end of June 2001.

Based in San Francisco, PlanetOut Partners is the premier online community services and media company serving gay, lesbian, bisexual and transgender people and their families and friends. The company's two largest online portals, Gay.com and PlanetOut.com, leverage the distribution power and reach of the Internet to provide products and services to more than 4.3 million consumers each month (DoubleClick DART) and more than 2.4 million registered members. The Gay.com portal offers an extensive global network that provides interactive services including chat, message boards, email, Kleptomaniac.com ecommerce services and original content channels. The Gay.com network includes sites in the U.S., France, the United Kingdom, Latin America, and Italy. The PlanetOut.com portal offers premium services such as the popular PersonalsPlus matchmaking service, as well as news, entertainment, travel, Kleptomaniac ecommerce services, Internet radio, online cinema and advice columns. PlanetOut.com has key distribution partnerships with America Online, Netscape, ICQ, Yahoo, RealNetworks, CompuServe, MSN and other major Web companies.

Contacts: Bryce Eberhart

415-644-8040

bryce@planetoutpartners.com