San Francisco, California—March 20, 2001—Macromedia, Inc. (NASDAQ: MACR) today announced the completion of its merger with Allaire Corporation, a leading provider of software for companies building their business on the Web. Macromedia previously announced a definitive agreement to merge with Allaire on January 16, 2001. The transaction brings together market-leading server, development and playback software to make building professional Web sites more efficient, affordable, and accessible.

ABOUT MACROMEDIA
Macromedia is passionate about what the Web can be. Its award-winning products empower designers and developers to efficiently create and deliver the most engaging experiences on the Web, and enable innovative Internet business solutions. Headquartered in San Francisco, Macromedia (NASDAQ: MACR) has more than 1,700 employees worldwide and is available on the Internet at www.macromedia.com.