Wayne, Pa. - May 5, 2008 - Internet Capital Group (Nasdaq: ICGE) (ICG) today announced the Internet availability of proxy materials for its 2008 Annual Meeting of Stockholders under the U.S. Securities and Exchange Commission’s new “notice and access” rules.

ICG is an early adopter of the new notice and access rules, which allow companies to furnish proxy materials to stockholders via the Internet as an alternative to the traditional approach of mailing printed copies. By implementing the new rules, ICG is reducing costs associated with printing and mailing proxy materials and promoting environment-friendly business practices by reducing the consumption of paper and other resources.

On May 5, 2008, ICG began mailing the notice regarding the availability of proxy materials to stockholders of record as of April 21, 2008. This notice contains instructions on how to access the proxy materials and important control numbers that stockholders will need in connection with the voting process. ICG’s proxy materials, including its proxy statement, 2007 annual report and Form 10-K, are available on the company’s website at www.internetcapital.com/investorinfo-am08.htm. ICG stockholders may also obtain printed copies of the proxy materials for ICG’s 2008 Annual Meeting of Stockholders free of charge by following the instructions provided in the notice regarding the availability of proxy materials.

ICG's Annual Meeting of Stockholders will be held on Friday, June 20, 2008 at 10:00 a.m. EDT at The Radnor Hotel, 591 East Lancaster Avenue, St. Davids, Pennsylvania, 19087.