HomeAway Announces Closing of Follow-On Offering

HomeAway Announces Closing of Follow-On Offering

AUSTIN, Texas, Dec. 17, 2013 (GLOBE NEWSWIRE) -- HomeAway, Inc. (Nasdaq:AWAY),
the world's leading online market place for vacation rentals,today announced
the completion of an underwritten public offering of an aggregate of 6,921,424
shares of its common stock by the company and the selling stockholders,
including 902,794 shares sold pursuant to the full exercise by the
underwriters of their option to purchase additional shares from the selling
stockholders. All of the shares were sold at a price to the public of $37.00
per share. HomeAway received net proceeds of approximately $195.3 million,
after deducting underwriting discounts and commissions and estimated offering
expenses. HomeAway did not receive any proceeds from the sale of shares by the
selling stockholders.

HomeAway intends to use the net proceeds of this offering for general
corporate purposes, which may include acquisitions or license of, or
investment in, products, services, technologies or other businesses.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman, Sachs &
Co. and Morgan Stanley & Co. LLC are joint book-running managers of the
offering. Stifel, Nicolaus & Company and Pacific Crest Securities LLC,
Incorporated are acting as co-managers.

The offering of these securities is being made only by means of an effective
registration statement (including a preliminary prospectus for the offering)
filed with the U.S. Securities and Exchange Commission on December 10, 2013. A
final prospectus related to the offering has been filed with the Securities
and Exchange Commission and is available on the SEC's Web site at
http://www.sec.gov. Copies of the final prospectus may be obtained from:
Deutsche Bank Securities Inc. at 60 Wall Street, Attention: Prospectus Group,
New York, NY 10005-2836, by email at prospectus.CPDG@db.com or by phone at
(800) 503-4611; J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone
at (866) 803-9204; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West
Street, New York, NY 10282, or by phone at (866) 471-2526; or Morgan Stanley &
Co. LLC, Attention Prospectus Department, 180 Varick Street, 2nd Floor, New
York, New York 10014, by email at prospectus@morganstanley.com, or by phone at
(866) 718-1649.

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
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.

About HomeAway:

HomeAway, Inc. based in Austin, Texas, the world's leading online marketplace
for the vacation rental industry, with sites representing over 773,000 paid
listings of vacation rental homes in 171 countries. Through HomeAway, owners
and property managers offer an extensive selection of vacation homes that
provide travelers with memorable experiences and benefits, including more room
to relax and added privacy, for less than the cost of traditional hotel
accommodations. The company also makes it easy for vacation rental owners and
property managers to advertise their properties and manage bookings online.
The HomeAway portfolio includes the leading vacation rental websites
HomeAway.com, VRBO.com and VacationRentals.com in the United States;
HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in
Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.es
in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au
in Australia; and Bookabach.co.nz in New Zealand. Asia Pacific short-term
rental site, travelmob.com, is also owned by HomeAway.

HomeAway also operates BedandBreakfast.com, the most comprehensive global site
for finding bed-and-breakfast properties, providing travelers with another
source for unique lodging alternatives to chain hotels. For more information
about HomeAway, please visit www.HomeAway.com.

CONTACT: Investor Relations Contact:
         HomeAway Investor Relations at (512) 505-1700, investors@homeaway.com
         or Addo Communications at (310) 829-5400

         HomeAway Media Contact:
         Eileen Buesing, VP of Communications
         Office: (512) 493-0375, ebuesing@homeaway.com
 
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