IntraLinks Enhances Loan Syndication Service with Public vs. Private Feature to Aid Market Compliance

New York, March 28, 2005
IntraLinks, Inc., a leading provider of on-demand workspaces to the financial services industry, today announced a new enhancement to its service to assist the syndicated loan market in classifying and separating public and private information for loan investors. For the first time, investors will be presented with an option to "declare" their status on a transaction as either "public" and thus able to view information appropriate for public side investors, or "private" and allowed to view all information including material, non-public information. The new feature enables investors to better control what information they see regarding a company, thereby reducing the risk of accidental exposure to material non-public information.

"This innovation removes a potential regulatory headache for the market while further supporting the integrity of the loan syndication process," said Andy Fieweger, Vice President of Product Marketing at IntraLinks.

IntraLinks developed the new functionality in consultation with numerous syndicating agents, investors and law firms throughout the industry, as well as the Loan Syndications and Trading Association (LSTA), the trade association dedicated to advancing the interests of the syndicated lending and loan trading markets.

"We are pleased to have been able to provide input to IntraLinks as they developed this improved functionality," said Jane Summers, Executive Vice President and General Counsel of the LSTA. "Efforts such as this address a critical need throughout the loan syndications and trading communities."

Information in connection with the placement of a syndicated loan often includes material, non-public information that should not be viewed by investors who may trade in the stocks or bonds of the borrower. IntraLinks offers loan managers and compliance officers a full history and audit trail of the disclosures of both public and private information to individual loan investors and their institutions. The majority of U.S. based syndicated loans are facilitated by IntraLinks' service.


About IntraLinks
IntraLinks (www.intralinks.com), a leading provider of on-demand workspaces, connects business communities and accelerates the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime using a web browser.

Since April 1997, more than 200,000 participants representing over 10,000 organizations worldwide have used IntraLinks on-demand workspaces to communicate and collaborate on more than 20,000 projects and transactions. IntraLinks has been rapidly adopted by the financial services and pharmaceutical markets. Over 250 global companies are IntraLinks clients, including AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, Ernst & Young, FDIC, TD Securities, Thomas Weisel Partners and WestLB. Founded in June 1996, IntraLinks is headquartered in New York with offices in Boston and London.