Interpublic to redeem all remaining 4.25% Convertible Senior Notes due 2023 where aggregate principal amount of US$400M is outstanding

NEW YORK , February 24, 2012 (press release) – Interpublic Group (NYSE: IPG - News) today announced that it is exercising its option to redeem all remaining outstanding 4.25% Convertible Senior Notes due 2023 (the "Notes"), of which an aggregate principal amount of $400.0 million is outstanding. The redemption date will be March 26, 2012. Interpublic expects to fund the payment of any redemptions using available liquidity, which may include, depending on market conditions, proceeds of borrowings in the capital markets.

As a result of Interpublic`s exercise of its redemption option, holders of the Notes have the right to convert their Notes into shares of IPG common stock at a conversion rate of 82.4612 shares per $1,000 principal amount of Notes until the close of business on March 23, 2012. The Notes are convertible into 33.0 million shares of IPG common stock, which, unless holders exercise their conversion rights, will be eliminated from Interpublic`s eligible diluted share count upon redemption.

The redemption price is equal to $1,000 per $1,000 principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the redemption date.

Interest will cease to accrue on and after the redemption date. Payment of the redemption price plus accrued interest will be made upon presentation and surrender of the Notes at the principal payment office of the trustee:

By Mail

The Bank of New York Mellon
Global Corporate Trust
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attn: Redemption Unit

By Hand Only

The Bank of New York Mellon
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, 1st Floor East
New York, New York 10286

About Interpublic

Interpublic is one of the world`s leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, HUGE, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNAGLOBAL, McCann Erickson, Momentum, MRM Worldwide, Octagon, R/GA, UM and Weber Shandwick. Leading domestic brands include Campbell Ewald; Campbell Mithun; Carmichael Lynch; Deutsch, a Lowe and Partners Company; Gotham Inc.; Hill Holliday; ID Media; Mullen and The Martin Agency. For more information, please visit

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