Electronic Delivery of Annual Reports and Proxy Materials

PayPal, through Broadridge Financial Solutions, is pleased to offer electronic delivery of annual reports, proxy statements and proxy ballots, allowing stockholders to vote their proxies on-line. Electronic delivery is great for a number of reasons:

• Stockholder materials are available immediately through the internet, eliminating the delay of regular mail
• You'll get less mail and won't have to worry about misplacing your paper materials
• It saves PayPal and its stockholders money by eliminating the costs of printing and postage
• And, electronic delivery is better for the environment

With your consent, you will be notified by e-mail when these materials are available on the Internet. Stockholders should note that PayPal is not responsible for any charges you may incur from your personal Internet service provider and/or telephone company.

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