INTERNAP NETWORK SERVICES CORP

expiry = 2002-12-19...Seattle, WA 98101 (206) 441-8800 OFFER TO EXCHANGE OUTSTANDING OPTIONS TO PURCHASE COMMON STOCK NOVEMBER 18, 2002 INTERNAP NETWORK SERVICES CORPORATION OFFER TO EXCHANGE OUTSTANDING OPTIONS THE OFFER EXPIRES AT 5:00 P.M., EASTERN TIME, ON DECEMBER 19, 2002, UNLESS WE EXTEND THE OFFER (EXPIRATION DATE) Beginning on November 18, 2002 (Offer Date), we are offering our employees, except for our employees located outside of the United States of America, the opportunity to exchange all outstanding...

expiry = 2003-01-06...s morning. In addition, in order to provide you with additional time to review the supplemented and amended Offer to Exchange, we have extended the term of the Offer. The Expiration Date of the Offer has been extended to 5:00 p.m., Eastern Time, on January 6, 2003. The Replacement Options will be granted between July 7, 2003, and August 6, 2003, on a date determined by our Board of Directors. For additional information about the attached changes, please contact me by email at cdeach@internap.com. Si...

listed = True...ng upon everyone. 7. PRICE RANGE OF COMMON STOCK. The Eligible Options to be exchanged pursuant to this Offer are not publicly traded. However, upon exercise of an option that we granted, the optionholder becomes an owner of our common stock. Our common stock is quoted on NASDAQ under the symbol “INAP”. The following table shows, for the periods indicated, the high and low closing sales prices per share of our common stock as reported on NASDAQ. Quarter ended High Low Fiscal Year 2002 December 31, 2002 (through November 15, 2002) $ 0.49 $ 0.19 September 30, 2002 0.34 0.13 June 30, 2002 0.81 0.23 March 31, 2002 1.74 0.77 Fiscal Ye...

txn_type = CONSOLIDATION...d. (See Section 15—Risk Factors—Risks Related to Our Business—We May Be Unable to Maintain Our Listing on The Nasdaq SmallCap Market, Which Could Have a Negative Impact on the Price and Liquidity of our Common Stock). Q34 What happens if the Company effects a reverse stock split of its common stock prior to the Replacement Option Grant Date? A34 The Company has mailed to its stockholders a proxy statement soliciting the consent of those stockholders, at a shareholders meeting scheduled for December 17, 2002, to approve several amendments to out certificate of incorporation providing for a reverse stock split of...

txn_type = CONSOLIDATION...nted and amended the Offer to Exchange to effect certain clarifications and modifications requested by the United States Securities and Exchange Commission and to update certain other disclosures in the Offer to Exchange relating to the status of our proposed reverse stock split. The full text of the Amendment No. 1 to the Schedule TO and the Amendments to the Offer to Exchange will be posted on InfoSource this morning. In addition, in order to provide you with additional time to review the supplemented and amended Offer to Exchange, we have extended the term of the Offer. The Expiration Date of the Offer has be...