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Permira Funds Complete Acquisition of Ancestry.com



Permira Funds Complete Acquisition of Ancestry.com

NEW YORK and PROVO, Utah, Dec. 28, 2012 (GLOBE NEWSWIRE) -- Permira, the
European private equity firm with global reach, and Ancestry.com Inc.
(Nasdaq:ACOM), the world's largest online family history resource, today
announced the successful completion of the acquisition of Ancestry.com by a
company owned by Permira funds and co-investors for $32.00 per share in cash.
 

The transaction was approved by stockholders owning approximately 75% of
Ancestry.com common stock at a special meeting of stockholders held on
December 27, 2012. Pursuant to the terms of the previously announced merger
agreement dated October 21, 2012, the investor group formed by the direction
of the Permira funds has acquired all of the outstanding shares of
Ancestry.com. As a result, Ancestry.com stock will cease trading on the Nasdaq
Stock Market effective today.

Stockholders of Ancestry.com will receive a letter of transmittal from
Ancestry.com's paying agent for them to complete and return with their stock
certificates to obtain their per share merger consideration.

Ancestry.com will continue executing on its growth strategy and initiatives
led by content acquisition and technology investments, with the support of the
Permira funds and the investor group. There are no anticipated changes in the
Ancestry.com operations. Ancestry.com will continue to focus on investing in
content and technology, enhancing its user experience, expanding its product
offerings, and building the Ancestry.com brand and the family history category
all on a global basis. Ancestry.com will retain its operations in Provo, Utah,
with a continued large presence in San Francisco, Dublin, London and other
international markets. Ancestry.com will continue to be led by its existing
management team.

About Ancestry.com

Ancestry.com Inc. is the world's largest online family history resource, with
approximately 2 million paying subscribers. More than 11 billion records have
been added to the site in the past 16 years. Ancestry users have created more
than 41 million family trees containing approximately 4 billion profiles. In
addition to its flagship site, Ancestry.com offers several localized Web sites
designed to empower people to discover, preserve and share their family
history.

The Ancestry.com, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13617

About Permira

Permira is a European private equity firm with global reach. The Permira
funds, raised from pension funds and other institutions, make long-term
investments in companies with the ambition of transforming their performance
and driving sustainable growth.

Founded in 1985, the firm advises funds with a total committed capital of
approximately $30 billion. Over the past 26 years the Permira funds have made
nearly 200 private equity investments, over 30% of which have been in the core
sector of Technology, Media & Telecom ("TMT"). 

For more information visit: www.permira.com

Forward-Looking Statements

This news release contains forward-looking statements that involve risk and
uncertainties. Such statements constitute forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements are
qualified in their entirety by reference to the following cautionary
statements. All forward-looking statements speak only as of the date hereof
and are based on current expectations and involve a number of assumptions,
risks and uncertainties that could cause the actual results to differ
materially from such forward-looking statements. These factors, and other
factors that may affect the business or financial results of Ancestry.com, are
described in the risk factors included in Ancestry.com's filings with the
Securities and Exchange Commission, including Ancestry.com's 2011 Annual
Report on Form 10-K and later filed quarterly reports on Form 10-Q and Current
Reports on Form 8-K, which factors are incorporated herein by
reference. Ancestry.com expressly disclaims a duty to provide updates to
forward-looking statements, whether as a result of new information, future
events or other occurrences.

CONTACT: Ancestry.com
        
         Investors:
         Aaron Felix
         (801) 705-7942
         afelix@ancestry.com
        
         Media:
         Heather Erickson
         (801) 705-7104
         herickson@ancestry.com
        
         Permira
         Noemie de Andia
         +44 20 7632 1159
         noemie.deandia@permira.com
        
         Brooke Gordon/Nathaniel Garnick
         Sard Verbinnen & Co
         (212) 687 8080

Ancestry.com, Inc.
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