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MapInfo Announces Three-For-Two Stock SplitTROY, NY - December 8, 1999 -- MapInfo Corporation (Nasdaq: MAPS) today announced that the Board of Directors has declared a three-for-two stock split. The split will be effected in the form of a stock dividend which will entitle each shareholder of record to one additional share for every two shares held at the close of business on December 20, 1999, (the “Record Date”). The Company will pay cash in lieu of fractional shares based on the closing price of the Company’s Common Stock on the Record Date. There are approximately 5.8 million shares of MapInfo Common Stock outstanding which will increase to approximately 8.7 million shares following the stock split. The Company will issue the additional shares and make the required cash payments on January 10, 2000.The following quote was supplied to us by Joe Gersuk, Chief Financial Officer (CFO) at MapInfo Corporation, "We are very pleased with the stock's performance in recent weeks and feel that this reflects long overdue recognition from the market. Our new strategy leading us into the business analytics marketplcae is being successfully received, and we are committed to executing the strategy successfully going forward. Our customers are loving it!" About MapInfo MapInfo Corporation enables customers to use location to transform information into business advantage. A global company and technology leader, MapInfo provides business intelligence solutions that are deployed across organizations to help them better understand their markets and customers. Headquartered in Troy, NY, MapInfo Corporation is on the World Wide Web at www.mapinfo.com. Company Contact: D. Joseph Gersuk, EVP/CFO Barbara Pilliod, Public Relations Director MapInfo Corporation 518-285 -6000 www.mapinfo.com www.mapinfo.com
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