CLIFTON PARK, N.Y., Dec. 7 /PRNewswire-FirstCall/ -- On2 Technologies (NYSE Amex: ONT) today provided an update regarding its proposed merger with a subsidiary of Google Inc. (NASDAQ:GOOG) on its website at http://www.on2.com/. The update, which is also being filed with the SEC, includes certain transaction highlights and frequently asked questions. As announced on August 5, 2009, On2 and Google entered into a merger agreement pursuant to which Google will acquire On2. Under the merger agreement, each outstanding share of On2 Common Stock will be converted into $0.60 worth of Google Class A Common Stock based on an exchange ratio that is more fully described in the proxy statement/prospectus, referenced below, although On2 stockholders will receive cash in lieu of any fractional share of Google stock. On November 4, 2009, On2 announced that the Securities and Exchange Commission ("SEC") had declared effective the Registration Statement on Form S-4 that Google filed in connection with the proposed merger, which includes a Proxy Statement of On2 and also constitutes a Prospectus of Google Inc. (the "proxy statement/prospectus"). By now, stockholders as of the notice record date should have received the proxy statement/prospectus. Any such stockholder who has not received the proxy statement/prospectus can call Innisfree M&A at (877) 456-3488. International holders can call Innisfree at +1 (412) 232-3565. On2's Board of Directors unanimously approved the transaction (with one abstention), and recommends that On2 stockholders vote for the proposed merger. On2 will hold a special meeting of stockholders on December 18, 2009 to vote upon the proposed merger, which requires approval by the holders of a majority of On2's outstanding shares of Common Stock. If stockholder approval is obtained and the other conditions for the completion of the merger are satisfied, the merger should become effective within two business days of the special meeting. About On2 Technologies On2 creates advanced video compression technologies that power the video in today's leading desktop and mobile applications and devices. On2 customers include Adobe, Skype, Nokia, Infineon, Sun Microsystems, Mediatek, Sony, Brightcove, and Move Networks. On2 is also an industry leader in video transcoding software and services. On2 Technologies is headquartered in Clifton Park, New York. For more information visit http://www.on2.com/. Additional Information and Where to Find It Google filed a Registration Statement with the SEC in connection with the proposed merger, which includes a Proxy Statement of On2 and also constitutes a Prospectus of Google. The definitive proxy statement/prospectus has been mailed to holders of On2 Common Stock identified as of October 20, 2009, which is the notice record date for the special meeting. The Registration Statement and the proxy statement/prospectus contain important information about Google, On2, the proposed merger and related matters. Investors and security holders are urged to read the Registration Statement and the proxy statement/prospectus (including all amendments and supplements to it) carefully. Investors and security holders may also obtain free copies of the Registration Statement and the proxy statement/prospectus and other documents filed with the SEC by Google and On2 through the web site maintained by the SEC at http://www.sec.gov/ and by contacting Google Investor Relations at +1-650-253-7663 or On2 Investor Relations at +1-518-881-4299. In addition, investors and security holders can obtain free copies of the documents filed with the SEC on Google's website at investor.google.com and on On2's website at http://www.on2.com/. Forward-Looking Statements Information set forth in this communication contains forward-looking statements, which involve a number of risks and uncertainties. All statements included in this communication, other than statements of historical fact, that address activities, events or developments that On2 expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements represent On2's reasonable judgment on the future based on various factors and using numerous assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause actual outcomes and/or On2's financial position to differ materially from those contemplated by the statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "believe," "expect," "will," "anticipate," "should," "plans" and other words of similar meaning. On2 cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Investors should not rely on forward-looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from On2's expectation. Risks and uncertainties include, among others: the extent to which On2 will continue to incur operating losses in the future; the risk that the conditions to merger set forth in the agreement and plan of merger will not be satisfied and the transaction will not be consummated; uncertainties as to the timing of the merger; uncertainties as to whether holders of On2 Common Stock will approve the merger proposal at the On2 special meeting; changes in On2's business during the period between now and the effective time of the merger that could cause a condition to closing not to be satisfied; as well as other factors detailed in On2's and Google's filings with the SEC, including the definitive proxy statement/prospectus, and subsequent SEC filings. Additional information concerning risk factors is contained from time to time in On2's SEC filings. On2 expressly disclaims any obligation to update the information contained in this presentation. The foregoing risks and uncertainties included herein are not exhaustive. DATASOURCE: On2 Technologies CONTACT: Investors, Garo Toomajanian, , +1-518-881-4299 Web Site: http://www.on2.com/

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