November 16, 2011

Angie's List Prices Initial Public Offering

INDIANAPOLIS, Nov. 16, 2011 (GLOBE NEWSWIRE) -- Angie's List, Inc. ("Angie's List") today announced the pricing of its initial public offering of 8,793,408 shares of its common stock at a price to the public of $13.00 per share. Angie's List is offering 6,250,000 shares of common stock and certain selling stockholders are offering an aggregate of 2,543,408 shares of common stock. In addition, Angie's List has granted the underwriters a 30-day option to purchase up to an additional 1,319,011 shares of common stock to cover over-allotments, if any. Angie's List will not receive any proceeds from shares of common stock to be sold by the selling stockholders. The offering is expected to close on November 22, 2011, subject to certain customary closing conditions. The shares of common stock will trade on the Nasdaq Global Market under the symbol "ANGI."

BofA Merrill Lynch is the bookrunning manager of the offering. Allen & Company LLC, Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC, Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., ThinkEquity LLC and CODE Advisors LLC are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Angie's List

Angie's List collects consumer reviews on local contractors and doctors in more than 550 service categories. More than one million paying households in the United States rely upon Angie's List to help them make the best hiring decisions. Members get unlimited access to local ratings via Internet or phone, exclusive discounts, the Angie's List Magazine and help from the Angie's List complaint resolution service.

CONTACT: Investor Relations at Angie's List

         888-619-2655

         investorrelations@angieslist.com

         

         Or

         

         Brinlea Johnson

         The Blueshirt Group for Angie's List

         212-331-8424

         brinlea@blueshirtgroup.com


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