NutriSystem CEO Michael Hagan Elected to Internet Capital Group Board of Directors

Internet Capital Group, Inc. (Nasdaq:ICGE) today announced the election of Michael J. Hagan to its board of directors. Hagan is currently the Chairman, Chief Executive Officer and President of NutriSystem, Inc. (NASDAQ:NTRI), a leading provider of weight management and fitness products and services. Hagan fills a vacancy on the ICG board, bringing the total number of board members to nine. "I am quite enthusiastic about joining the ICG team as ICG continues to execute against its long-term goals and demonstrate significant accomplishments in an emerging and dynamic market environment,” said Hagan. "As a big believer in the Internet and the opportunities that lie ahead for businesses in this sector, I am excited about working closely with the ICG board to help ICG and its partner companies become leaders in the on-demand space.” "As we continue to focus on acquiring new on-demand software companies and building and capturing value at our key partner companies, Mike’s vast operating experience and business acumen will help us achieve our goals,” said Walter W. Buckley, Chairman and Chief Executive Officer of ICG. "We look forward to the opportunity to benefit from his breadth of management experience in building and transforming businesses.” Prior to joining NutriSystem at the end of 2002, Hagan was the co-founder of Verticalnet, Inc. (Nasdaq:VERT) and held several important roles there, including Chairman, President and Chief Executive Officer. Earlier in his career, Hagan was a Vice President at Merrill Lynch Asset Management. Mr. Hagan is a director of Verticalnet and a trustee of Saint Joseph's University. The other members of the ICG Board of Directors are: David J. Berkman, Managing Partner of Liberty Associated Partners, LP; Walter W. Buckley, III, Chairman and CEO of Internet Capital Group; Thomas A. Decker, Chairman of the Pennsylvania Gaming Control Board; David K. Downes, President and CEO of the CRAFund Advisers, Inc.; Thomas P. Gerrity, Professor of Management and Dean Emeritus at The Wharton School; Robert E. Keith, Jr., Managing Director of TL Ventures; Warren V. Musser, Managing Director of The Musser Group; and Philip J. Ringo, Chairman and CEO of RubberNetwork.com LLC. About Internet Capital Group Internet Capital Group, Inc. (http://www.internetcapital.com) acquires and builds Internet software companies that drive business productivity and reduce transaction costs between firms. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of these platform companies that are delivering on-demand software and service applications to customers worldwide. Safe Harbor Statement under Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future performance of our partner companies, acquisitions or dispositions of interests in partner companies, the effect of economic conditions generally, capital spending by customer, development of the e-commerce and information technology markets, and uncertainties detailed in the Company’s filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.