FOR IMMEDIATE RELEASE

PlanetOut Inc. Announces IPO Closing and the Exercise of Over-Allotment Option

SAN FRANCISCO, CA - October 25, 2004 (PRNewswire-FirstCall) -- PlanetOut Inc. (Nasdaq: LGBT) today announced the closing of its initial public offering of 4,650,000 shares of common stock and the exercise in full by the underwriters of their over-allotment option to purchase an additional 697,500 shares of common stock at the initial public offering price of $9 per share. SG Cowen & Co. served as the sole book running manager for the offering, with RBC Capital Markets as the co-lead manager and WR Hambrecht + Co acting as the co-manager of the offering. A copy of the final prospectus relating to the offering may be obtained from SG Cowen & Co. LLC, Attn: Prospectus Department, 1221 Avenue of the Americas, 6th Floor, New York, New York 10020 or through ADP by fax at (631) 254-7268.

A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About PlanetOut Inc.

PlanetOut Inc. is a global online media company serving the lesbian, gay, bisexual and transgender, or LGBT, community.

SOURCE PlanetOut Inc.

10/25/2004

CONTACT: Media: Donna Gibbs, 415-834-6328 or donna.gibbs@planetoutinc.com, or Investors: Portia Kersten, 415-834-6329 or pkersten@planetoutinc.com, both of PlanetOut Inc.

Web site: http://www.planetout.com