WiderThan Announces Exercise of Over-Allotment Option

SEOUL, South Korea, Jan. 6  /PRNewswire-FirstCall/ -- WiderThan Co., Ltd. (NASDAQ:WTHN), a leading global provider of integrated mobile entertainment solutions for wireless carriers, announced that on December 21, 2005, J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the Underwriters of its initial public offering of common stock, exercised in full their over-allotment option to purchase from WiderThan an additional 900,000 American Depositary Shares (ADSs) representing common shares of WiderThan at the initial public offering price of $12.00 per ADS.

This press release and the information contained herein is not an offer to sell or a solicitation of any offer to buy the American depositary shares ("ADSs") in the United States.  The ADSs may not be offered or sold in the United States in the absence of registration under the United States Securities Act of 1933, as amended (the "Securities Act"), or an exemption from such registration requirement.  The Company has registered the ADSs pursuant to the Securities Act in connection with an offering, part of which is expected to be conducted in the United States.  Any public offering of the ADSs to be made in the United States will be made only by means of a prospectus meeting the requirements of the Securities Act.  Such prospectus, copies of which may be obtained from the Company, will contain, among other things, detailed information regarding the Company, its business and management, as well as financial statements and other financial information regarding the Company.

No money, securities or other consideration is being solicited by this press release or the information contained herein and, if sent in response to this press release or the information contained herein it will not be accepted.

About WiderThan

WiderThan is a leading provider of integrated mobile entertainment solutions for wireless carriers.  WiderThan's applications, content and services enable wireless carriers to a broad range of mobile entertainment, such as ringback tones, music-on-demand, mobile games, ringtones, messaging and information services, to their subscribers.  WiderThan currently provides mobile entertainment solutions to 42 wireless carriers in 17 countries, including SK Telecom in Korea, Cingular Wireless, Sprint Nextel, T-Mobile USA and Verizon Wireless in the United States, Bharti Airtel in India and Globe Telecom in the Philippines. 

DATASOURCE: WiderThan Co., Ltd.



CONTACT:  Tania Almond of WiderThan, [phone], or





Web site:  http://www.widerthan.com/

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