LendingTree Appoints Matt Packey as Chief Financial Officer

CHARLOTTE, N.C., October 22, 2007 – Matt Packey has been named the senior vice president and chief financial officer (CFO) of LendingTree, LLC. In this roll, Mr. Packey will provide executive leadership to the finance divisions of the company.

Mr. Packey was previously the company’s chief accounting officer. During his eight-year tenure at LendingTree he also served as controller, where in addition to being responsible for the accounting unit, he was directly involved with the financial due diligence of nearly a dozen capital raising efforts and mergers and acquisitions.

“Matt has proven to be incredibly diligent, hard-working and savvy,” said LendingTree CEO C.D. Davies. “I’m thrilled that we have such a capable and outstanding professional leading our company’s financial operations. He’s been a part of every major LendingTree milestone and he knows our company inside and out. We know we’re in great hands under Matt’s stewardship.”

Prior to joining LendingTree, Mr Packey served as vice president and controller at Broadway & Seymour, Inc. and as a manager at Deloitte & Touche, LLP.

Mr. Packey is a cum laude and honors program graduate of the University of Akron, where he earned his bachelor’s of science degree in accounting. He is a certified public accountant, a member of the AICPA and a board of advisor member of the Charlotte Chamber.

About LendingTree, LLC

LendingTree, LLC is the nation’s number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 20 million loan requests and $152 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via www.lendingtree.com and 800-555-TREE.

Launched in 1998 with headquarters in Charlotte, North Carolina, LendingTree, LLC also owns and operates LendingTree Loans sm, LendingTree Settlement Services, LLC, GetSmart®, and HomeLoanCenter.com. LendingTree, LLC is an operating company of IAC (NASDAQ: IACI).